Not for her below-par leadership of three ministries; not for wrecking the “India Story” much before the pandemic; not for destroying India’s federal structure through GST, could “didi” end up paying the price for this?
Before 1991, India had the ‘Hindu Rate of Growth’. Has the ‘Act of God’ ushered in the ‘Hindutva rate of growth’? In 2020, India will see the lowest growth rate since 1947. @TheEconomist predicts GDP will grow at -8.5%; ICRA puts it at -9.5%. SBI sees a -16.5% in first-quarter.
What should be going up is going down. What should be going down is going up. In the @timesofindia and the @EconomicTimes, respectively, a grim picture of a nation that has gone off the rails—a republic that has collapsed under the weight of staggering hubris.
India’s GDP growth in the first quarter of 2020 has fallen by 24%. As a well-known expert in economics and statistics, and looking at the scenery around you, do you trust the @narendramodi’s -24% claim, or do you think it is worse than that? #GujaratModel
It is easy to pile on Anurag Thakur for saying COVID would have no impact on India’s economy. (He is after all a #GoliMaroSaalonKo type.) But what does it say of a government whose so-called “chief economic adviser” @SubramanianKri was as clueless?
“India pegged to register the highest GDP growth in 2020 among major economies of the world”: Let the record show that exactly 10 days ago, the fake news fountain was spewing out this cheerful graphic for #WhatsApp patriots.
Data decorators are desperately trying to put a COVID spin on India’s -23.9% GDP growth rate in the first quarter. Here is the @OECD ranking of the 10 worst performers year-on-year, with India on top. Worst-affected US has seen less than half of India’s slump.
India’s -23.9% first-quarter GDP growth collapse (which is actually 32% according to some), doesn’t look good compared to China or the United States, or the United Kingdom. And it doesn’t look good compared to Mexico, Brazil, Turkey or Indonesia either.
After a long lull, India is re-establishing its historic linkages with South America. Overtakes Brazil to be No.2 on the COVID list. Sandwiched between Peru and Mexico on the GDP growth fall table. @FT
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