Sunday, April 2, 2017

We the People of India – 3/2017 2, April 2017

Honorable  - Prime Minster Shri Modi Ji

Not Much Vikas-Facts as Stated by Experts  

First : What is the prime minister’s record on development and governance? In three years of BJP rule at the Centre, GDP has grown by 7.4% on average (if you accept the method of calculating growth brought in by the Modi government). The record of UPA was 7.8% in its first 5 years, 7.5% in the next 5 years, and 7.65% over 10 years. UPA achieved these figures despite the 2008 financial crisis and dipping growth in 2011-13. It also recorded rates of 9.3% in 2005 and 2006 and 10.3% in 2010-Modi has come nowhere close.  

Second : Attracting FDI is supposed to be a great success story for the BJP government. In 10 years of the UPA governemtn, FDI as a proportion of GDP averaged 1.86%. This is after the 0.76% of the Vajpayee years. Over the past three years, the NDA government has averaged 1.83% - hardly a breathtaking pace.

Thirdly : The prime minister promised to “Make in India”. Has manufacturing boomed and produced jobs for the tens of millions entering the labour market? The figures for both are not that easy to access –which raises questions of its own. But no one would say that there has been much improvement.

Fourthly : Even before demonetization, it was clear that manufacturing was stagnant. On the other hand RBI figures reveal that in 2015-16, manufacturing actually shrank, to tune of 3.7%. as for jobs, 1.35 lakh jobs were created in 2015-also the lowest in 7 years.

Fifthly : On GANGA the government allocated Rs. 20,000 core in its first year, 20 times more then all the spending on the river since 1985. No one seriously claims any think has been achieved – hardly surprising if you put Uma Bharti, the great administrator, incharge.

Sixly : Freedom to start business in India. We were 112 globally we have fallen behind to 143rd position. This is graduated on 4 parameters, ‘Economic Independence Rule of Law Government’s Functioning Investors Trust and Open Market Policy. As a matter of interest “Hong Kong” is the most proffered state followed by Singapore, Newziland, Swizerland, Australia, Canada, 


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