The voluminous Economic Survey robs the relevance of this exercise. Instead of informing the people about the state of economy and future direction for recovery this is self congratulatory based on dubious reasoning.
There’s no recognition of the humongous economic recession. Focus is on ‘regression’ which is due to the pandemic.
ES is a propaganda & spin exercise obfuscating disastrous government policies.
Established facts inform people that the economy was plunging into a recession much before the pandemic struck, mainly due to the twin disasters of demonetisation and GST implementation.
On top came ill prepared lockdown destroying the economy.
Economic Survey says we are in the midst of a V shaped recovery.
IMF says at best economy will reach pre-pandemic declining growth rates only by 2025.
Any recovery that may happen will not be V but K shaped, meaning rich become richer and poor become poorer. This has already begun.
ES talks of farm laws, labour codes & MSME package as far sighted reforms.
Kisans are in the midst of a fierce battle for repeal; workers went on a nation wide General Strike & MSMEs complain destruction.
Reforms for corporate profits not people.

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More from @SitaramYechury

29 Jan
Such gross misrepresentation vindicates the decision to boycott this address.
These “important farm bills” were passed in a din, not allowing any discussion, negating voting & suspending MPs who demanded a vote.
All this in a tearing hurry in the midst of a raging pandemic.
All parliamentary procedures were violated, refusing parliamentary committees' right to scrutiny, winter session cancelled yet claim passage after “extensive deliberations”.
Read 5 tweets
26 Jan
The three farm laws must be immediately repealed. The PM must make the announcement. (1/n)
The situation has been brought to this pass by the Modi government. Farmers have been protesting peacefully in the cold for more than 60 days, not allowed to come into Delhi and more than 100 Kisans are dead. (2/n)
Violence in no form is an answer & is unacceptable. A govt which smears dissent, BJP’s troll army vilify those who ask for their rights, ministers make wild allegations, law officers make claims without basis in court - this is no way to deal with legitimate demands of our Kisans
Read 6 tweets
5 Aug 20
The 'bhoomi pujan' function at Ayodhya done by the Prime Minister of India televised globally by the national broadcaster, DD has confirmed all the major points raised by the CPI(M) Polit Bureau yesterday.
1. The state take over of the construction of the temple in the presence of the Governor and the CM of UP is a negation of the secular democratic character of the Indian Republic.
2. It is also a violation of the Supreme Court verdict that directed the temple construction to be undertaken by a Trust.
Read 7 tweets
2 Jul 20
1. Indian economy has plunged into a severe recession. Crores of lives are destroyed. Modi government can no longer be in denial.
2. No revival is possible without strengthening people’s capacity to spend.
3. Ensure cash transfer of ₹7,500 to all families not paying income tax.
Read 4 tweets
8 Nov 16
Poorly planned and not thought through, this move means harassment for millions not connected to the banking system.
Today's announcement neither addresses the major sources of black money abroad nor those invested in property, gold and such instruments.
Read 10 tweets

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