Discover and read the best of Twitter Threads about #economicsurvey2019

Most recents (2)

Thread
#Missing1Point7Trillion #India #Budget2019, #EconomicSurvey2019
Keen followers of India #Budget #Shenanigans would have followed, or tried to follow the complex arguments made by 3 non-Govt commentators in this @NDTV programme: 1/n
Jayati Ghosh, Pronab Sen and Nitin Sethi pointed out that figures that appeared in @SubramanianKri's Economic Survey did not read across into @nsitharaman's glossy #Budget2019 presentation. They based their arguments on reading the small print in both these weighty documents. 2/n
@kaul_vivek, that great explainer of complicated financial smoke-and-mirrors made the same point about a missing 1.7 lakh crores (LC for short, 1 LC = 1 trillion) from the 2018-19 budgeted revenue and expenditure. See his excellent write up here: livemint.com/news/india/how… 3/n
Read 15 tweets
Thread.
On GDP Growth.
One of the 86 times #PMModi cheered @nsitharaman's budget speech was when she said that it "took 55 years to get India to a 1-trillion-dollar GDP, BJP added another trillion in just five" 1/n
Lets Look at the actual record. here are some data from the World Bank, a source much quoted in the #EconomicSurvey2019 written by new CEA @SubramanianKri . The record shows that India outpaced the world since 1985. 2/n
So where is the discrepancy? @nsitharaman's implied, much to her boss' loud and hearty approbation, that India did very badly until the BJP came along. Was she lying, was she deliberately disingenuous, or was she merely ignorant? I dont think she was lying, no... 3/n
Read 10 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!