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#BRILLIANT CHARTS showing India’s GDP Growth - A Notable #ACHIEVEMENT by #Modinomics
Let’s look at India's nominal GDP that matters to Households & Businesses
EXCLUDING government borrowing & spending) Indians Households & Business Experience ~ZERO GROWTH since 2014-22
Let’s look at India's nominal GDP that matters to Households & Businesses
EXCLUDING government borrowing & spending) Indians Households & Business Experience ~ZERO GROWTH since 2014-22
This contrasts with the period FY 2008-14 when non-government component of GDP accounted for 38% of nominal growth.
Economists believe these animal spirits to be a vital ingredient for high growth of #SMEs & #Businesses
Economists believe these animal spirits to be a vital ingredient for high growth of #SMEs & #Businesses
But you might argue that lots of STARTUPS have created jobs and lots of govt data shows lots of New Business Registrations since 2017
BOTH ARE TRUE but
During these yrs #Farmers, #Unorganised Biz & #SMEs LOST a total of #45-60 MILLION JOBS. So 1-2 Million Startup jobs is a drop
BOTH ARE TRUE but
During these yrs #Farmers, #Unorganised Biz & #SMEs LOST a total of #45-60 MILLION JOBS. So 1-2 Million Startup jobs is a drop
#SuperImportant #Retweet
Will #IndianRetail flows to #Equity TOP OUT?
#Modinomics characterized by Record #Unemployment of the #Unorganised Sector & "unreported" #Inflation has ensured that Net Financial Savings of Indian Household is at a 30 YEAR LOW
Will #IndianRetail flows to #Equity TOP OUT?
#Modinomics characterized by Record #Unemployment of the #Unorganised Sector & "unreported" #Inflation has ensured that Net Financial Savings of Indian Household is at a 30 YEAR LOW
What Does this Actually Mean?
🚩In FY22, NET FINANCIAL SAVINGS of households was 7.3% of GDP (17.2 Lac Crores).
🚩In 6 months of FY23, NET FINANCIAL SAVINGS of households was 4% of GDP (Rs 5.2 Lac Crores)
🚩In FY22, NET FINANCIAL SAVINGS of households was 7.3% of GDP (17.2 Lac Crores).
🚩In 6 months of FY23, NET FINANCIAL SAVINGS of households was 4% of GDP (Rs 5.2 Lac Crores)
What Drove his Change? 2 Factors
(1) Rising LIABILITIES of households which increased to 5% of GDP in H1 FY23
(2) Sharp Fall in TOTAL SAVINGS. Past 5 odd years, TOTAL SAVING of households was ~20% of GDP. However, in H1 FY23, TOTAL SAVING of households has fallen to 15.7% of GDP
(1) Rising LIABILITIES of households which increased to 5% of GDP in H1 FY23
(2) Sharp Fall in TOTAL SAVINGS. Past 5 odd years, TOTAL SAVING of households was ~20% of GDP. However, in H1 FY23, TOTAL SAVING of households has fallen to 15.7% of GDP
