Hon’ble PM of India Shri Modi Ji
Economy Part-1: GDP slumps down to 5.7 during the
last quarter (April-June, 2017). Quite worrying
but not unexpected. MMS had forecasted in Parliament on debate on DEMONETIZATION,
now even global Magazine FORBES has described DEMONITIZATION as a LOOT of
public money.
GST:- Though a good scheme but hastily implemented has brought the commercial and
business activity to a standstill.
What the Economist Say ?
Aiyar :- India’s GDP growth has fallen four
quarters in a row to just 5.7% in April-June, down from 7.9% in the same quarter
last year. No longer is India the world’s fastest growing major economy –it has
sunk well below china’s 6.5%. Manufacturing is the worst sector, with just 1.7%
growth. So much for “Make in India” or “ache din”.
R. Jagannathan :- There is an important parallel in
the challenges faced by ABV’s govt. two
years before the general election and Narendra Modi’s. In both cases growth has
been sluggish, though formal growth number on Modi’s watch have been higher
possibly due to a change in the methodology of calculating GDP (2% higher due
to this factor). It will need an economic miracle of sorts for the economy to
be kicking in favor of Modi wave in 2009.
Weekly Happenings
a) Rahul in US – His interaction and
extempore speaking was highly commendable and appreciated. Rather one can
easily say this was his one of the best performances. The way Smriti Irani
reacted reflected her personal hatred and dislike for RG. She is a defeated and
rejected politician. And proved incompetent minister shifted from time to time.
Fortunately she has the blessing of the top leadership of the BJP- NM & AS.
b) ABE in Ahemdabad – very timely
election propaganda launched by NM. What a road show of 8km. and other
arrangements. All at the govt. expense. Well-done Modi Ji.
c) All economic indicators GDP
Industrial growth retail inflation are indicators of down ward trends. AS is
one bragging in “Kolkata” ECONOMY HAS DONE WONDERS. Amit Shah Ji – Kuch to
Sharam Karo.
Wake up
India, Stakes are high, are we the people of India Vigilant.
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