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Sanju Verma Profile picture
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30 May, 7 tweets, 6 min read
Enterprise is the lifeblood of the economy and PM Modi understands that.India’s historic rise in Ease of Doing Business is based on policies that have replaced the red tape with a red carpet..The Modi Govt saw #EODB rise by a massive 79 points+ 💪

#7YearsOfSeva #7yearsofModigovt
When govt enables people's aspirations rather than being an obstacle, Ease of Living is achieved. Ease of process in citizen govt interfaces,ease of doing business &push to digital India are transforming India.

DBT has transferred over 13 Lakh Cr
#7YearsOfSeva #7yearsofModigovt
PM Modi has led a historic battle against corruption.Honesty is honoured&transparency is the norm.From getting British national Christian Michel extradited from UAE,to Vijay Mallya losing appeal in UK Supreme Court,thx to watertight case by Modi Govt,to now,nailing Mehul Choksi💪
Youth are builders of India’s future. What has The Modi government done to strengthen their hands?

Building World's 3rd Largest Entrepreneurial Ecosystem,15 AIIMs,empowering via MUDRA,huge sops for Start-Ups,Skilling Scientific pool,70% rise in Medical seats&more
#7YearsOfSeva
Work of The Modi govt in ensuring health for all has seen some historic steps. It has gained international acclaim.From running World's largest Healthcare scheme, Ayushman Bharat,that seeks to insure 50Cr Indians,to 137% rise in Health Budget,at over Rs 2.3 Lakh Cr

#7YearsOfSeva
New India deserves new railways,roadways,highways& i-ways.Even during pandemic 3300km roads were built in Jammu and Kashmir

Work is on,to finish 110 Lakh Cr worth of Projects via #NIP,viz, Chennai Metro,Mumbai-Delhi Corridor,Bengaluru Metro,etc

#7YearsOfSeva #7yearsofModigovt
A vibrant #MiddleClass is growth engine of India.When their aspirations attain mobility,nation grows.No other govt has done as much for them as The Modi govt

For eg,#HomeLoan rates fell from 12-16% in 2013,to average of 7-10%,now

#7YearsOfSeva #7yearsofModigovt

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More from @Sanju_Verma_

Sanju Verma Profile picture
31 May
.@INCIndia trolls elated at minus 7.3% GDP growth in FY21,forgetting this was a #Pandemic year,in fact the worst pandemic in 102yrs

Good News in 4Q👇

GDP growth was 1.6% despite consensus of minus 1.4%

GVA growth was 3.7% Vs consensus of 2.6%

Industrial growth was solid 6.9%
In fact,both in Q3&Q4FY21,India reported positive GDP&GVA growth

Industrial growth also was +ve for 2 qtrs in a row at 1.7%&6.9%

Agricultural growth has been a positive 3%+ in every single qtr,in last 4 qtrs

Construction growth has been a massive 6.5%&14.5% in Q3&Q4
#Economy
Some channels conveniently showing how WPI under @narendramodi govt has risen sharply,to 10.49% in April 2021

It is not #WPI but #CPI that matters& #RetailInflation measured by CPI was just 4.2% in April,with food inflation at 2.02%&Vegetable Inflation at minus 14.18%
#Economy
Read 10 tweets
Sanju Verma Profile picture
30 May
#AatmaNirbharBharat is not just about Vocal for Local,but creating ecosystem that welcomes global investors&while in 1991,India had to pledge 47 tonnes of Gold,to raise $400mn,under @narendramodi govt,our #ForexReserves are $590bn,3rd highest globally

#7YearsOfSeva

My Thread👇
The Modi Govt ’s most important work has been in domain of women empowerment--From banning commercial surrogacy,to amending Medical Terminal of Pregnancy Act,to Menstrual protocol, strengthening POCSO&banning instant #TripleTalaq💪

#7YearsOfModiJi
#7yearsofModigovt #7YearsOfSeva Image
Farmer welfare is top priority for The Modi Govt;From sowing to selling& insurance,#FarmLaws give Farmers freedom to sell at price they wish to&at place of their choosing

Over Rs 1.35 lakh Cr credited directly to bank accounts of Farmers via #PMKisan

#7yearsofmodi #7YearsOfSeva Image
Read 9 tweets
Sanju Verma Profile picture
28 May
#MamataBanerjee is Arrogant &Unmindful of Welfare of People of #Bengal

Today,PM landed at Kalaikunda airbase after doing aerial survey in #Odisha&Bengal

When PM arrived to attend meet, there was no one from Bengal Govt&Mamata has audacity to talk of #Federalism?

#CycloneYaas
Both CM #MamataBanerjee&Chief Secretary of West Bengal were present in same premises&yet they did not receive PM

#PM,Governor&Union ministers patiently waited for half an hour for #WestBengal representatives to turn up

@MamataOfficial is a deplorable leader,consumed by hubris👎
Suddenly Mamata Banerjee,in her arrogance,stormed in&handed bunch of papers on cyclone impact to PM&said she is leaving as she has other meets lined up

If this was not shocking enough, #MamataBanerjee even did not allow officers of Bengal Govt to make a presentation
#CycloneYaas
Read 4 tweets
Sanju Verma Profile picture
28 Apr
Spate of Q4FY21 results showcase #Economy is on track

#ICICIBank reported Profit of Rs4402Cr,a 260% jump YoY,with NII up a solid 16.8% at 10431Cr

Tech companies have done well,with #TechMahindra reporting Dollar Revenue growth of 1.6% QoQ &Margins up 10bps at 16%
#Modinomics💪
#HCLTech also reported good numbers with Dollar Revenue up 3% QoQ

IT&Business Services segment grew 4.4% QoQ

Even for #MarutiSuzuki,while Profit fell,it managed to have Gross Margins at 26%,Vs 27.5% QoQ

Margin above 25% despite challenges thrown by Pandemic,is good
#Modinomics
In Banking space,besides great results by #HDFCBank& #ICICIBank, #AxisBank too reported good results, with Profit at Rs2677Cr,Vs loss of 1388Cr,YoY

While Gross&Net NPAs of Axis rose 15%&52% YoY,with Provisions down 28%,good news is NII is up 11% at Rs7555Cr

#Economy #Modinomics
Read 5 tweets
Sanju Verma Profile picture
18 Apr
Big news this week on economic front has been,inclusion of Healthcare sector under @narendramodi govt's ECLGS scheme,which gives collateral free loans to MSMEs

India reporting $20bn Trade surplus with USA,in goods&$8bn in Services,bodes well too

RBI had 25000Cr auction of GSAP
Excellent move by RBI to refuse to sell securities to PDs or even allow devolution--result was,10yr bond yield that shot up to 6.13% on Thursday,on day of GSAP auction,quickly cooled off to 6.07%,by Friday

Short sellers were trapped by RBI,preventing any hardening of yield curve
Fact that economy is on track, endorsed by solid Q4 results from #HDFCBank,with Profit up 18% at Rs 8186Cr&NII up 12% YoY,at 17120Cr

Deposits up 16%
Advances up 14%;Wholesale Loans up 22%

NIM came at a good 4.2%

GrossNPA down to 1.32% from 1.38% QoQ,while NetNPA steady at 0.4%
Read 6 tweets
Sanju Verma Profile picture
16 Mar
India's Exports (Merchandise &Services) in April-Feb FY21,are $439.64bn,down 10.14%,YoY

Imports in April-Feb FY21 are $447.44bn,down 20.83%

But in Dec'20,Jan&Feb'21,#Exports started picking up,with Feb growth at 0.67%&2.46% in Dollar &Rupee terms

Export growth in Dec was 5.37%
Exports in Feb'21 were $27.93bn,Vs $27.74bn in Feb20,up 0.67%

In Rupee terms,Exports were Rs 2.03 lakh Cr in Feb'21,up 2.46%

Imports in Feb were $40.54bn/Rs 2.95 lakh Cr,up 6.96% in Dollar terms &8.86% in Rupee terms,YoY

Trade Deficit in Feb21 was $12.88bn,Vs $10.16bn in Feb20
Interestingly,in April-Feb 2020-21,TradeDeficit is only $7.80bn,Vs deficit of $75.90bn in April-Febr 2019-20

Merchandise #TradeDeficit of $12.62bn in Feb21 is much lower Vs $14.54bn in Jan21

Lower Trade deficit in FY21,not due to slowdown alone,but due to better terms of trade
Read 6 tweets

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