Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
India grew 10% during UPA rule but with high inflation. After demo began the deflation where inflation and GDP both started sinking. Now it is stagflation as GDP is sinking and inflation is rising. This happened because of the government all out approach to collect taxes and remove black money from the system. Now the taxes are shrinking and black money is rising again. India is still a high taxes country and investors will wait and watch before investing because their ultimate goal is to make profits. Who on earth will want to burn their money, not even Indian entrepreneurs want to take the risk.
Author has mentioned strategic asset sales . How can BJP meet the target when it has not done even 25% of the target by Dec 2019 , and when the biggest prize Air India has no takers. Instead , as many economists are saying, dont’ make fiscal deficit a holy cow and let it float to 3.8 or even 4% of GDP, so that there is room to do some public spending.
Can any one worthy economist or Journalist can shed light on this question– India was growing with a respectable growth percentage from 2014 to second quarter of 2018 .then suddenly after the Victory of Congress party in four states its growth momentum started going down wards ? Is there any connection between deceleration of growth numbers and installation of Congress and Non- BJP governments in some states of India . It seems The rise of Congress is Jinxed for economic growth of India. It is returning to Congressional rate of growth of sub 3-4% . For growth of economic vehicle four wheels are required– the Customers spending , Producers demand for investment , and state government and Central government. role as facilitator . It seems one wheel state s government is losing air and is making journey of growth slow and uncomfortable. There may be some historical data to accept or refute my observation. Please enlighten . I will be posting this question on other websites also to get answer.
India grew 10% during UPA rule but with high inflation. After demo began the deflation where inflation and GDP both started sinking. Now it is stagflation as GDP is sinking and inflation is rising. This happened because of the government all out approach to collect taxes and remove black money from the system. Now the taxes are shrinking and black money is rising again. India is still a high taxes country and investors will wait and watch before investing because their ultimate goal is to make profits. Who on earth will want to burn their money, not even Indian entrepreneurs want to take the risk.
Well the article still doesn’t answer what modi govt is waiting for
The first quarter growth has been depressed due to the Demonetisation ripples or in short “Demon “ effect !
Don’t worry friends this is just an economic cycle.Growth will recover next quarter for sure.
Author has mentioned strategic asset sales . How can BJP meet the target when it has not done even 25% of the target by Dec 2019 , and when the biggest prize Air India has no takers. Instead , as many economists are saying, dont’ make fiscal deficit a holy cow and let it float to 3.8 or even 4% of GDP, so that there is room to do some public spending.
Socialist Modi murdabad
Can any one worthy economist or Journalist can shed light on this question– India was growing with a respectable growth percentage from 2014 to second quarter of 2018 .then suddenly after the Victory of Congress party in four states its growth momentum started going down wards ? Is there any connection between deceleration of growth numbers and installation of Congress and Non- BJP governments in some states of India . It seems The rise of Congress is Jinxed for economic growth of India. It is returning to Congressional rate of growth of sub 3-4% . For growth of economic vehicle four wheels are required– the Customers spending , Producers demand for investment , and state government and Central government. role as facilitator . It seems one wheel state s government is losing air and is making journey of growth slow and uncomfortable. There may be some historical data to accept or refute my observation. Please enlighten . I will be posting this question on other websites also to get answer.
Indian economy started going down in 2016. Look for some graphs on Google.
8th November. Ek haseen shaam ko, Dil mera kho gaya …
Just 10 years back India was growing at 10% under Congress rule. For 8 long years. Modi can just dream of 10%. Or fudge figures.
Just twelve years ago it grew with 3.3% and seven years ago it’s inflation was more than 14%
Any case nobody believes on GDP Numbers.
You will only believe when the GDP figures are high and when it is low you will not believe. Fantastic