It is regrettable that Raghuram Rajan (RR), Ex Governor RBI, is losing no opportunity trying to derail the India story hence, needs to be rebutted point-wise:
He says India’s ‘anti minority’ image will lead to loss of market.
Facts:….1/8
He says India’s ‘anti minority’ image will lead to loss of market.
Facts:….1/8
Record exports 670 billion in FY22 entering the top 10 exporting countries.
Recently, #japan signed up to invest 42 B in next 5 yrs, India signed free trade agreement with #australia set to double trade in next 5 yrs, FTA will be signed with UK before Diwali this year….2/8
Recently, #japan signed up to invest 42 B in next 5 yrs, India signed free trade agreement with #australia set to double trade in next 5 yrs, FTA will be signed with UK before Diwali this year….2/8
& signed whole host of #tech agreements with US in areas ranging from the skies above to the bottom of the seas below.
Indian economy set to grow between 8 to 9 percent this year.
Hence, forget losing, India set to gain market #india hugely in coming years….3/8
Indian economy set to grow between 8 to 9 percent this year.
Hence, forget losing, India set to gain market #india hugely in coming years….3/8
and RR’s ‘anti minority’ tirade is just a canard.
RR says India should focus only on services not manufacturing.
Facts:
India’s record exports were led by #engineering (manufacturing) goods.
Smart phone exports up to Rs. 42000 crores from a paltry Rs. 1300 Crs….4/8
RR says India should focus only on services not manufacturing.
Facts:
India’s record exports were led by #engineering (manufacturing) goods.
Smart phone exports up to Rs. 42000 crores from a paltry Rs. 1300 Crs….4/8
in 2017-18.
Production linked incentives to 14 mfg. sectors drew investments worth 2.34 lakh crores, expected to give additional output of Rs. 28.15 lakh crores in next 5 yrs adding 6.45 million new #jobs.
Hence, not just services but #manufacturing too producing….5/8
Production linked incentives to 14 mfg. sectors drew investments worth 2.34 lakh crores, expected to give additional output of Rs. 28.15 lakh crores in next 5 yrs adding 6.45 million new #jobs.
Hence, not just services but #manufacturing too producing….5/8
stellar results.
RR says Indian administration grappling with challenges in governance.
Facts:
Direct #taxes grew record 37%, first time since 1947 beating estimates.
Record GST collections over 1.3 lakh crores in March & consistently growing from less than….6/8
RR says Indian administration grappling with challenges in governance.
Facts:
Direct #taxes grew record 37%, first time since 1947 beating estimates.
Record GST collections over 1.3 lakh crores in March & consistently growing from less than….6/8
a lakh crore last year.
IMF data says India has almost eradicated extreme poverty crediting Modi’s policies & implementation.
India is only 2nd to US and ahead of China on most emerging unicorns.
India has 3rd best #startup ecosystem in the world.
All the above….7/8
IMF data says India has almost eradicated extreme poverty crediting Modi’s policies & implementation.
India is only 2nd to US and ahead of China on most emerging unicorns.
India has 3rd best #startup ecosystem in the world.
All the above….7/8
would not be possible without excellent governance.
So it is obvious from above that RR’s baseless criticism seems to be a result of his political leanings & it is sad that he is acting like a handmaiden of forces inimical to the interest of India….8/8
So it is obvious from above that RR’s baseless criticism seems to be a result of his political leanings & it is sad that he is acting like a handmaiden of forces inimical to the interest of India….8/8
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