Akhilesh Mishra Profile picture
Nov 29, 2019 5 tweets 2 min read Read on X
Amid the spread of 'doom and gloom' by usual suspects on the latest #EconomyNumbers, of what is clearly only a cyclical downturn, some facts.

1) Real GDP Growth: 6.4% at the end of 2014, avg. 7.5% between 2014-19

2) Headline inflation: 10.3% in 2013-14; 4.5% in 2018-19

1/5
Some #EconomyNumbers facts in to put debate in context:

3) Food inflation: 2009-14: 11.2%; just 3.5% in 2019 at end of NDA-01

4) FDI inflows (gross): 2014: $189.5 billion; in 2019: $283.9 billion

5) Foreign Exchange Reserves: 2014: $ 304.2 billion; $412.9 billion in 2019

2/5
Some #EconomyNumbers facts in to put debate in context:

6) Services sector real GVA growth: 7.4% at end of 2009-14; 8.4% at end of 2014-19

7) Manufacturing real GVA growth: 5.3% at end of UPA 2; 8.4% at end of NDA 1

8) Core inflation: In 2014: 9.4%; in 2019: just 5.11%

3/5
Some #EconomyNumbers facts in to put debate in context:

Steps since May 2019:
1) Corporate taxes slashed to among the lowest in the world
2) Privatization now in full steam
3) Banks recapitalized
4) Bank mergers
5) IBC strengthened
6) Income Tax assessment faceless

4/5
On #EconomyNumbers debate, following things emerge:

1) NDA handles economy DEFINITELY BETTER than UPA
2) Latest GDP growth numbers are obviously low
3) This is a cyclical
4) Reform measures being taken every day
5) GDP numbers are lagging indicators
6) Upwards from here
5/5

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More from @amishra77

Aug 18, 2023
Since @sardesairajdeep is a connoisseur of Nehru's Independence Day Speeches, here are a few more that I am sure he will like.

1959: Indians are lazy sods who are nowhere near the great hardworking people of Europe, Japan, China, Russia or USA. 1/5
Here is Nehru in 1963, performing the greatest stunt ever in modern political history, when he actually told the nation that the humiliating defeat at the hands of China in 1962 was a good thing!.

This must also rank among the greatest of Nehru, right @sardesairajdeep? 2/5
Nehru in 1957: Pakistan is a piece of our heart!

Remember, this was a decade AFTER Pakistan had invaded Kashmir and occupied large parts of it.

It is such absurd naivety that was passed as high policy for almost seven decades and caused immense harm to India.. 3/5
Read 6 tweets
Feb 6, 2023
Recently, Adani group has been projected to be some sort of a Modi government creation. This is not just true about the international media post the stocks downturn, but also in the way vested Indian interests have commented.

What is the reality? This thread explores…1/25
Adani saga began in 1985 when Rajiv Gandhi govt put PVCs in open general license category.

PVC was main raw material for Adani family’s plastic business.

Adani negotiated a deal with Gujarat State Export Corporation (Congress govt) to import PVC thus earning huge margins. 2/25
Flush with profits from PVC business, flagship Adani Enterprises was born in 1988 & listed in 1994.

Main business of Adani then: initially import/export of commodities and then soon it became India’s biggest coal trader & coal mining contractor. All under Congress govt. 3/25
Read 25 tweets
Jan 30, 2023
So called Bharat Jodo Yatra of @RahulGandhi has culminated.

Yatra projected a counter narrative to the Modi government - one that seeks to take India back to the pre 2014-era.

Rahul Gandhi gave his own 'Panch DushPraan' to bring back the dark days. Here is how...
1/10
1) First 'DushPraan' of @RahulGandhi - Ignite inter-state wars all across India.

The speech that Rahul Gandhi gave in Kashmir - 'outsiders are managing your affairs/taking your jobs' is verbatim Jihadi language. It will have immediate repercussions. 2/10
Supporters of @RahulGandhi may pretend to be oblivious of the dangers of his deliberately incendiary 'outsider' rhetoric.

But the war will not be limited to Kashmir alone. Maharashtra-Bihar; Tamil Nadu-North India; Delhi-North East - Rahul Gandhi is lighting all fires. 3/10
Read 10 tweets
Dec 13, 2022
The trade deficit with China in UPA years:

2004-05: $1.48 billion,
2013-14: $36.21 billion
An increase of 2,346% in 10 years !!!

Trade deficit with China has since increased by only 100% to $73.31 billion in 2021-22 (That is in total 8 years)



1/5
The period 2004-14, under Sonia Gandhi raj, coincided with:

1) Congress party signing MoU with Communist Party of China in 2008. What was agreed in that MoU? No one knows.

Signatory from Congress - Rahul Gandhi.
In presence of beaming Sonia Gandhi and Xi Jinping.
2/5
2004-14, under Sonia Gandhi raj, coincided with:

2) Rajiv Gandhi Foundation, receiving direct donation from Chinese govt between 2005-07

3) RGF sponsoring studies to justify disastrous RCEP trade deal, which if done would have killed Indian domestic industry completely. 3/5
Read 5 tweets
Aug 11, 2022
Some facts on the points raised by @ArvindKejriwal in his presser.

1) Why sudden opposition by GOI to free education, medicine, food, etc?

Fact: Misleading classification. Benefits is NOT same as Freebies. Benefits is targeted for the most deserving. Freebies are for all. 1/10
Modi government has been the at forefront in creating a benefits regime for economically deserving. Like Garib Kalyan Yojana during pandemic.

But what is freebie? Free water to all, irrespective. Or Frees water, TV, gold jewelry, mobile phone, washing machine, saree, etc. 2/10
What benefits regime does is give helping hand to targeted poor group to build a economically sustainable life of their own.

What freebie model does is throw cash with no long term aim, just short term bait for elections and thereby gobbling productive capital expenditure. 3/10
Read 10 tweets
Jul 8, 2022
#ShinzoAbe was among the first global leaders to recognize that the post World War-II order had outlived its utility and 21st century needed new allies and new architecture.

India was pivotal in his thinking about building this new architecture. And Modi the fulcrum. 1/10
#ShinzoAbe first visited India as PM in 2007. Remember, this was a time that then UPA government, with its assets in India and supported by elements abroad, had put its full might to frame Modi.

Yet, in 2007 visit, Abe made it a point to visit Gujarat and meet Modi. 2/10
The relationship that #ShinzoAbe & Modi built in 2007 was for a reason.

Both Modi & Abe were (are) fierce nationalists who were (are) determined to chart a new course for their respective countries,unencumbered by the past. Unapologetic about the ambitions for their nations.3/10
Read 10 tweets

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