Thread by @satyanewshi

The damage to Economy & the loss of National wealth under Modi is just mind boggling . #IndianEconomicCrisis
#ModiMadeDisaster
bbc.com/news/world-asi…

India's manufacturing sector, which constitutes 77.63 % of the Index of Industrial Production (IIP), grew 2% in October, according to data released by the National Statistical Office (NSO) on Friday.
m.rediff.com/business/repor…

🎅Ji is Robin hood in reverse, loots from poor people & gives to the select few Rich people
Banks write off Rs 2.02 lakh cr in FY21; Rs 10.7 lakh cr in last 7 years
#IndianEconomiccrisis #ModiMadeDisaster
indianexpress.com/article/busine…

The govt is providing unnecessary subsidies & tax concessions to corporates,it should be concentrating on increasing private consumption. But this is precisely what the Modi govt is incapable of understanding. #IndianEconomiccrisis #ModiMadeDisaster
newsclick.in/india-post-pan…

PSU banks have lost nearly ₹2.85 lac cr due to 13 corporates,but PSU banks are used to bail out failed institutions like Yes Bank & IL&FS,BankUnions alleged on Monday.#IndianEconomicCrisis thehindu.com/business/Indus…

High inflation and low interest rates - A rare feat achieved by U know 🎅who #IndianEconomicCrisis
livemint.com/news/india/ind…

A full fledged investigation is required to know under what circumstances EPFO's money was invested in a discredited group's failed business
#ModiMadeDisaster #IndianEconomicCrisis
wap.business-standard.com/article-amp/ec…

The falling rupee, down 2.2 percent against the US dollar just in this quarter, has led to foreign investors pulling out $4 billion from India’s capitalmarket.
#IndianEconomicCrisis #ModiMadeDisaster

cnbctv18.com/economy/rupee-…

The number of govt jobs created declined 8.4% to 29,697 in Sept-21 , from 32,429 in the previous month(Aug-21) as per pay roll data of National Pension Scheme. #Unemployment #ModiMadeDisaster #IndianEconomicCrisis
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Huge surplus of working-age people should have given 🇮🇳a competitive edge.Instead, there has been an #unemployment crisis.Thats the cost of hate & social unrest unleashed by Sanghis combined with disastrous policies #IndianEconomicCrisis
google.co.in/amp/s/qz.com/i…

MSME's coming under stress began much before the pandemic and soon after the destructive demonetisation and GST implementation. #IndianEconomyCrisis
indianexpress.com/article/busine…

Banks have written off ₹ 9.54 trillion worth of bad loans in the last 5 years, of which more than ₹ 7 trillion was by PSU banks.The amount banks have written off is more than double the sum recovered during the period. #IndianEconomicCrisis
wap.business-standard.com/article-amp/fi…

Unemployment rate in 🇮🇳 crept up to nearly 8% in Dec-21,according to the Centre for Monitoring Indian Economy (CMIE),It was more than 7% in 2020 & 2021. #IndianEconomicCrisis #ModiMadeDisaster
bbc.co.uk/news/world-asi…

Privatisation of Profits, Nationalisation of Losses- Thats Modinomics for u #IndianEconomicCrisis
#ModiMadeDisaster

https://twitter.com/CNBCTV18Live/status/1480737018938155011

Entire #Modinomics summarised

External debt worth $256 billion matures over the next 12 months, according to the Sept-21 data released by the finance ministry. This is about 43 % of the Sept-21 external debt outstanding at $596 billion. This should ring alarm bells
m.economictimes.com/news/economy/f…

According to former World Bank Chief Economist Kaushik Basu ~Indian economy risks stagflation & growth concentrated at ‘top end’
#IndianEconomicCrisis
businesstoday.in/latest/economy…

India's unemployment rate reached a four-month high of 7.91% in Dec-21.The rise in unemployment has been attributed to muted economic activity & consumer sentiment
#IndianEconomiccrisis #ModiMadeDisaster
livemint.com/news/india/ind…

🇮🇳 Economic Descent started from Demonitization & the crony capitalist policies pursued by 🎅 govt - Covid just accelerated it &now the Economic Inequality has a big Delta
#ModiMadeDisaster #IndianEconomiccrisis
thelogicalindian.com/trending/inequ…

The January bulletin of RBI says covid affected sentiment of Indian households across strata. Among the survey indicators,household income was the most impacted by restrictions imposed to contain the spread of coronavirus.
livemint.com/economy/consum…

Impact of Stagflation on one of India’s biggest advertisers ~HUL’s ad spends see 14% YoY reduction. As advertisement from pvt sources dries up,large section of media is now dependent in GoI advertisement for survival.#IndianEconomicCrisis
exchange4media.com/marketing-news…

India has 53 million unemployed people as of December 2021 and a huge proportion of them are women, ~ CMIE report .#ModiMadeDisaster
#IndianEconomicCrisis #Unemployment
m.economictimes.com/news/economy/i…

10.5 million salaried employees & entrepreneurs lost their jobs during the last month of 2021 ~CMIE #Unemployment #ModiMadeDisaster #IndianEconomicCrisis
fortuneindia.com/macro/105-mn-s…

The #budget fails to address the collapse of Demand in economy,unemployment ,cuts fund in critical social sectors & gives needless tax cuts to rich corporates.
#IndianEconomicCrisis
telegraphindia.com/opinion/blissf…

Amid Rising #Unemployment, Over 5,000 Jobs Removed In 5 Yrs By Indian Railways reveals RTI - Add to that the halt in recruitment in Railways #ModiMadeDisaster
thelogicalindian.com/protestandinju…

MGNREGA wage dues to states stand at 3360 Cr, payment dues for materials stand at 11027 Cr for the Current FY 22, so actual budgeted allocation for FY 23 is only 54650 Cr.
Rural distress will get more severe
#IndianEconomicCrisis #ModiMadeDisaster
telegraphindia.com/india/union-bu…

Industrial output slumped to a 10-month low of 0.4 % in Dec-21 as oer to data released by (NSO). Index of Industrial Production (IIP) had registered a growth of 1.3 % a month ago
indianexpress.com/article/explai…

🎅 govt is surviving on borrowings to run the economy.Union govt liabilities are 59% of the GDP which may go up to 88.4% if state govts' liabilities are added.Interest payments on this is 48.6% of central tax revenue.🇮🇳 has been pushed into a debt trap. livemint.com/economy/where-…

So much Advertisement Blitzkrieg on "Port Led Development " by🎅 govt , but the truth is 🇮🇳banks have lost around ₹ 44,000 cr in Shipyard industry with 3 large companies- ABG Shipyard(23Kcr)Reliance Naval engg (₹12.5 Kcr) & Bharati Shipyard (₹8.5 Kcr) wap.business-standard.com/article/compan…

India's GDP growth slows to 5.4% in Q3, and it was certainly not due to Ukraine or any other global crisis
google.com/amp/s/wap.busi…

"When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it."~ Frédéric Bastiat
livemint.com/economy/gst-co…

Diesel prices hiked by 25₹ /Ltr for " Bulk users"-the bulk users are Manufacturing Factories,Transportation companies ,Power Plants ,Irrigation - the ↗️prices will be passed on to the consumer,thereby fuelling needless Inflation when the economy needs to recover #fuelpricehike

India's foreign exchange reserves declined $9.646 billion in the week ending March 11, according to the latest data from the RBI.Jumlanomics is instigating flight of capital from India.#IndianEconomicCrisis
#ModiMadeDisaster
businesstoday.in/latest/economy…

India's trade deficit widened to $176.07 billion as It had spent more on imports during April 2021-February 2022, with Imports growing faster than exports ,₹ value can depreciate with widening of the trade deficit.
factchecker.in/explained/indi…

🇮🇳 has been loosing ₹100 Crore /day to bank frauds for the last 7 years as per RBI data. Imagine the level of loot that is going on ,if it remains unchecked than unimaginable financial disaster awaits us .#Bankfrauds
google.com/amp/s/m.timeso…

Foreign Banks are exiting 🇮🇳 ,Before Citi's Banks exit ,ANZ Grindlays, RBS, Commonwealth Bank of Australia-scaled down their operations in India. The reason is simple ,they don't see growth in 🇮🇳any more
livemint.com/companies/news…

10 years ago 🌏was talking about 🇮🇳 spectacular Economic Growth along with Demographic dividend,but now its turning out to be Demographic disaster due to lack of skilled work force & also not enough Jobs being created ~says Industry body CII Report
economictimes.indiatimes.com/jobs/demograph…

🇮🇳 manufacturers are running out of capacity to absorb rising input costs, with an increasing number passing it along to consumers in an economy already grappling with Asia’s third-fastest inflation & an uneven recovery.
economictimes.indiatimes.com/news/india/cos…

Loans written off in the last 8 years stand at ₹10.83 lac cr.If to this to the earlier bad loans of ₹ 8.35 lac cr as of March 2021 is added then total bad loans sums up to ₹ 19.18 lac cr - thats the ACTUAL LOSS our financial system is staring
newslaundry.com/2021/07/23/ban…

‘Hair cut’ is just another jargon for Organised loot & Legalised plunder .
Privatisation of profits & Nationalisation of losses has been made an acceptable legal policy

India’s retail inflation rose to a 17-month high of 6.95% in March-22, It was above the RBI upper tolerance band for 3rd straight month.

In January-22 retail inflation stood at 6.01%. In February -22 it was 6.07%.

scroll.in/latest/1021714…

The Monetary Policy Committee of RBI paints a grim picture of the Indian economy. Going forward, MPC sees inflation being higher & growth lower.

google.co.in/amp/s/www.hind…

According to the CMIE report, India's labour force shrunk by 3.8 million during March-2022 to 428 million, the lowest in 8 months ,with both employment and unemployment falling, which is the biggest sign of economic distress.

google.com/amp/s/m.econom…

Higher prices of commodities from fuel to daily-use goods are squeezing demand for both essential and discretionary goods,Companies are already reporting down-trading, while consumers are seeing their savings erode.

livemint.com/economy/midinc…

India's Labour Force Participation went down From 46% To 40% In 6 Yrs & women participation in labour force has dipped from 15% in 2016 -2017 to 9.2% in 2021-22 as per CMIE report . This Clearly indicates the scary scenario of Unemployment .

thelogicalindian.com/trending/cmie-…

As on March 31, 2022, India’s foreign exchange reserves at $ 607.3 Bn & External Debt is $615 Bn. Forex reserves have contracted by 5% at the end of FY 2021-22

m.economictimes.com/news/economy/f…

India is being pushed towards a Financial dark hole ,the consequences can be devastating .

https://twitter.com/Indian10000000/status/1521712349031194624

The 🇮🇳₹ sank to an all-time low on 09 May,2022 breaching the crucial 77 per dollar mark, despite Reserve Bank of India’s heavy Intervention

google.com/amp/s/www.tele…

Retail inflation is now @ 7.79 % due to mainly due to high fuel prices, creating a cascading effect of cost surge.The inflation numbers have remained above the RBI’s upper tolerance level of 6 % for the 4th month in a row

telegraphindia.com/business/retai…

Foreign Institutional Investors ( FII) has been steadily pulling out from India over the last few years ,FII’s staying away from “Mega” LIC IPO means lost confidence in Indian Market .
ndtv.com/business/lic-i…

50 lakh crore is the estimated losses for Indian Economy during the covid period says RBI report & may take > 10yrs to recover, this cud have been minimised ,the high losses are mainly due to unplanned lock down & covid mismanagement by Union govt

economictimes.indiatimes.com/news/economy/p…

Hate Politics breaks social trust, when social trust breaks down it eventually breaks down economic cycle & ultimately leads to doom & destruction.

wap.business-standard.com/article/curren…

Wholesale inflation in 🇮🇳 rose to 15.08% in April on an annual basis owing to higher fuel & energy costs,
Food inflation stood @ 8.35% & Manufactured products inflation @ 10.85%

google.com/amp/s/m.econom…

A study has found that the government's consolidation of public sector banks (PSBs) cannot be explained on efficiency grounds and that the merger of these banks was actually weakening the banking system.

moneycontrol.com/news/business/…

Holcim Group, based in #Switzerland, is the latest MNC to leave 🇮🇳 due to macroeconomic & regulatory concerns ,earlier 5 automobile MNCs in the past 5 years, resulting in nearly 64 K job losses.

financialexpress.com/industry/mncs-…

Soaring inflation, supply chain issues & the hit from the Ukraine war might bring an end to the growth boom India's IT services industry enjoyed during the pandemic, J.P.Morgan analysts said on Thursday as they downgraded the sector to "underweight".

telecom.economictimes.indiatimes.com/news/j-p-morga…

Inequality in 🇮🇳 Report by EAC : Income of the top 1% is growing while bottom 10% is shrinking,the top 1% of income earners earns more than 3x of what is earned by the bottom 10%. ₹ 25 K P/M is now part of the top 10 % earner

scroll.in/article/102450…

With soaring Inflation & Savings rate being lowest,senior citizens & retirees savings are getting depleted ,they are forced to cut down on basic expense like food & medicines to meet rising expense

reuters.com/world/india/in…

Consumer food price has increased by 100 % between March 2021 & March 2022, according to the All India Consumer Price Index (CPI) released by the National Statistical Office April 12, 2022.

downtoearth.org.in/news/food/food…

What our enemies cudnt achieve , Demonitization achieved to do the structural level of damage to 🇮🇳 economy & financial system .79,669 pieces of fake ₹500 notes & 13,604 pieces of fake ₹ 2000 detected in FY-22 up by 54% from last FY says RBI report

thehindu.com/business/Econo…