#8YearsofModiGovt : India is in a state of 'policy stasis'
⛳️The government’s policy to control inflation is wobbly and jerky, it is raising export duties, and reducing import duties
⛳️The economic populism of #AatmanirbharBharat has dragged India into a quagmire
1/5
⛳️The government’s policy to control inflation is wobbly and jerky, it is raising export duties, and reducing import duties
⛳️The economic populism of #AatmanirbharBharat has dragged India into a quagmire
1/5
https://twitter.com/catale7a/status/1529320722207735810
⛳️Tariffs were raised and imports banned in the name of #AatmanirbharBharat
⛳️The government has banned the export of wheat despite India carrying large surplus stocks
⛳️The government is now running one of the largest fiscal deficits in India’s history
2/5
⛳️The government has banned the export of wheat despite India carrying large surplus stocks
⛳️The government is now running one of the largest fiscal deficits in India’s history
2/5
⛳️Wholesale inflation is at its worst in 30 years
⛳️Consumer inflation is well above tolerable limits, and is likely to stay there for many months
⛳️Foreign portfolio investors have withdrawn their investments in droves
⛳️India’s foreign exchange reserves are dwindling
3/5
⛳️Consumer inflation is well above tolerable limits, and is likely to stay there for many months
⛳️Foreign portfolio investors have withdrawn their investments in droves
⛳️India’s foreign exchange reserves are dwindling
3/5
⛳️It seems quite likely that remaining two years of the Narendra Modi government will be 'low growth' and 'high inflation' years
⛳️Even if one assumes growth of 7 percent a year, India’s GDP would grow at about 3.5 percent a year in Modi’s second five-year term
4/5
⛳️Even if one assumes growth of 7 percent a year, India’s GDP would grow at about 3.5 percent a year in Modi’s second five-year term
4/5
⛳️Indian economy never recovered since #demonetization master stroke
⛳️The government’s privatization program floundered
⛳️Scars of unimaginative lock-down in 2020 are still visible on economy
⛳️It will be the lowest growth performance of any government in many decades
-End-
⛳️The government’s privatization program floundered
⛳️Scars of unimaginative lock-down in 2020 are still visible on economy
⛳️It will be the lowest growth performance of any government in many decades
-End-
🇮🇳Unemployment - Check✔️
🇮🇳High Inflation - Check✔️
🇮🇳Slow Economic Growth - Check✔️
🇮🇳Mounting Debt - Check✔️
Deep Recession - On the way⏱️
India elected Modi out of a policy paralysis-era in 2014, today, staring at lowest growth performance in decades
moneycontrol.com/news/opinion/m…
🇮🇳High Inflation - Check✔️
🇮🇳Slow Economic Growth - Check✔️
🇮🇳Mounting Debt - Check✔️
Deep Recession - On the way⏱️
India elected Modi out of a policy paralysis-era in 2014, today, staring at lowest growth performance in decades
moneycontrol.com/news/opinion/m…
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