Sanju Verma Profile picture
May 9 5 tweets 3 min read
Congressi trolls who know nothing about Economy,are giving gyaan on #Dollar& #Rupee

Yes Rupee hit 77.40 to a Dollar,but,but..

Every major currency has hit lows against Dollar

China's Yuan hit 2yr low@ 6.7 to $
Euro hit 5yr low@ 1.04 to a $

#DollarIndex hit 20yr high at 104.07
Some Business News anchors are saying Rupee has fallen against Dollar because our monthly #TradeDeficit is hitting $20bn&our Current Account Deficit(CAD),will be 3%

Well,$20bn a month Trade Deficit is no big deal for us,given that our Goods+Services Exports are a massive $670bn
2.5-3% CAD for an economy growing at average of 7.5-9.5% is not a big deal either

In fact,in last 8yrs,average CAD under @narendramodi govt has been sub 2%,so we have enough leeway on that count

Why then are major Currencies falling against Dollar?

Well,reason is,Fed Rate Hike
US Fed raised rates by 25bps in March 2022 and by a big 50bps last week

From Zero rates in Feb 2022,US Interest rate today is between 0.75 to 1%

US Fed plans to raise rates to 2% by end of 2022&2.6% by end of 2023,to control #inflation

Fed rate hikes have led to #Dollar surge
When US Fed raises rates,there is surge for Dollars

Fed rate hikes lead to #RiskAversion,which in turn leads to Safe Haven demand for US T-Bills&Dollar,across the globe

Current fall in #Rupee&in Pound, Euro,Yuan&Yen,therefore,is because of a Global #RiskOff, buying in Dollars

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More from @Sanju_Verma_

Feb 1
PLI in 14 Sectors to create 50 lakh new jobs and additional production of Rs 30 lakh Cr

Budget lays blueprint of Amritkaal

Modern Infra for India at 100 with Multi modal approach

PM GatiShakti,Energy transition, Climate Action to fuel Sustainable development

#UnionBudget2022
PM #GatiShakti Master Plan to power 25000km of Highways

Unified Logistics Interface Program for JIT Inventory Management

Railways to fuel Logistics for Small Farmers

One Station One Product for Local Businesses

2000km under Kawach

400 Vande Bharat Trains
100 Cargo Terminals
NRDP for Better Connectivity

Rs 20000Cr to boost Transport Infra

Rs 2.73 lakh Cr as Public Procurement/MSP for Wheat &Paddy

Focus on Natural,Chemical Free& Zero Budget Farming

Drones for Agriculture

ECLGS till March 2023,with total cover of Rs 5 lakh Cr

##Budget2022
#Budget
Read 17 tweets
Jan 31
Gita Gopinath says,India to become $4 trillion by 2024-25,which is excellent,despite a debilitating pandemic

#LargestVaccineDrive under #PMModi is working wonderfully well

My thread on #EconomicSurvey2022,which shows,Growth,under @narendramodi govt,is on track

#VShapedRecovery
Industrial growth estimated at 11.8% &Services at 8.2% in FY22 show how Economy under @narendramodi is ready to fire on all cylinders

Most Growth Parameters are back to pre-Pandemic levels,as India heads into #UnionBudget2022

#GDP&GVA growth 1.3%&1.9% over Pre #COVID19 levels
#EconomicSurvey shows,be it Operationalisation of Airports or Spread of Bank Branches, @narendramodi govt has truly transformed India,with financial inclusion getting top priority

India set to be Fastest growing for next 2yrs as per IMF,thx to bold reforms by #PMModi
#Modinomics
Read 7 tweets
Jan 31
#EconomicSurvey2022 says

FY22 GDP growth estimated at 9.2%,highest since 1988-89

FY23 estimated at 8-8.5%

FY22 Investment/GDP ratio at 29.6%,highest in 7yrs

FY22 Gross Fixed Capital Formation,#GFCF to grow by 15%

India Fastest growing #economy globally,under @narendramodi💪
#EconomicSurvey2022 expects

Agri growth at 3.9%,after 3.6% growth in FY21

Overall Consumption to grow 7%,with Govt Consumption at 7.6%

Export Growth to be 16.5%

Import Growth to be 29.4%

Social Services Expenditure growth estimated at 9.8% at Rs 71.61 lakh Cr

#Modinomics
In April-Nov 2021,Rs 89066Cr was raised via 75 IPO issues,versus 29 companies which raised Rs 14733Cr in April-Nov 2020

Share of individual investors in total NSE turnover increased to 44.7%

221 lakh individual Demat accounts added between April-November 2021💪
#EconomicSurvey
Read 10 tweets
Jan 27
Air India were nationalised by Nehru in 1953

Since it's merger with Indian Airlines in 2007-08,Air India never made profit

Accumulated losses at Rs70820Cr till Aug2021,showcase how #AirIndia was bled for decades by corrupt Congress

@narendramodi finally did what had to be done
As on Aug 31,2021,Air India had total debt of Rs 61562Cr

About 75% of the debt has been transferred to a SPV,#AIAHL,before handing over airline to Tata Group

Indian taxpayers will no longer have to pay Rs 20Cr per day,to keep loss making #AirIndia flying,thx to @narendramodi
Congress expectedly attacked the decision,as selling of family silver

What Tata is getting is not a cash cow but an airline which is bleeding &money needs to be pumped in to refurbish obsolete aircraft

No employee to be sacked for 1yr &resizing of staff only after paying VRS
Read 9 tweets
Jan 26
Padma awards have been an eclectic mix of corporate chieftains, army men,politicians who set the narrative in more ways than one and more..

#PadmaAwards under @narendramodi govt reward bravery,innovation,public service, entrepreneurship and beyond..
Recognising talent from the North East,a region that was systematically ignored by various Congress regimes,is the unique feature of #PadmaAwards this year

#PeoplesPadma
Read 9 tweets
Aug 24, 2021
@narendramodi govt to raise 6 lakh Cr by monetising assets

Funds to be used to build new infrastructure,spur economic growth

Govt will raise 88000Cr this year by leasing infra assets of central govt ministries&state-run companies via #NationalMonetizationPipeline,NMP
Details👇
Annual targets under 4 year NMP have been set at 👇

1.62 lakh Cr for FY23

1.79 lakh Cr for FY24

1.67 lakh Cr in FY25

Top 5 sectors by value under this #AssetMonetization programme are

Roads (27%),
Railways (25%),
Power (15%),
Oil and Gas pipelines (8%)
Telecom (6%)

#Economy
Among projects @narendramodi govt plans to lease are👇

26700km of roads
90 passenger trains
400 railway stations
28608 circuit km transmission lines 286000km of #Bharatnet fibre network&

14917 towers owned by Bharat Sanchar Nigam Ltd,#BSNL& Mahanagar Telecom Nigam Ltd,#MTNL
Read 8 tweets

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