Takeaways from @WorldBank 's
'India Development Update: Navigating the Storm' (06.11.22):
World Bank has revised its India GDP forecast for from 6.5% to 6.9% in 2022-23.
"The Indian economy has been remarkably resilient to the deteriorating external environment."~ WB report.
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"The persistent headwinds from the global economy are expected to weigh on growth forecasts. Growth in first half of FY22/23 was supported by solid domestic demand and despite a challenging external environment the exports performed better than expected." ~ WB report.
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"India is projected to be one of the fastest growing major economies."
Real GDP growth is expected to be 6.9% in FY22-23 (8.7% in FY21-22) "due to the impact of a tightening global monetary policy cycle, slowing global growth and elevated commodity price." ~ WB report.
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PM @narendramodi chaired an all-party meeting to discuss and plan year-long #G20 events.
PM stressed 3 points:
G20 Presidency belongs to entire nation;
G20 Presidency opportunity to showcase #India🇮🇳
G20 Presidency can boost tourism and the local economy.
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PM @narendramodi listened to various views on G20 shared by HD Deve Gowda, JP Nadda, Mallikarjun Kharge, Mamata Banerjee, Naveen Patnaik, YS Jagan Mohan Reddy, Sitaram Yechury, Chandrababu Naidu, MK Stalin, EK Palaniswami, Eknath Shinde, KM Kader Mohideen, Arvind Kejriwal.
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PM @narendramodi said India’s G20 Presidency belongs to entire nation, and is a unique opportunity to showcase India’s strengths to the world. PM said there is mounting global interest in India which increases the potential of India’s G20 Presidency.
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This gulab jamun syrupy-sweet report in @nytimes makes 3 points:
Multiparty democracy in India is threatened because voters have rejected Nehru-Gandhi dynasty;
Congress is entitled to win elections;
Media freedom is curbed because Modi Govt does not splurge money on media.
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The @nytimes reporter makes extraordinary effort NOT to mention 3 points:
Massive corruption on Congress’s watch demolished party’s credibility;
Rahul and Sonia Gandhi face huge corruption charges and are out on bail;
New India has rapidly shrinking space for dynasty politics.
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The @nytimes report ignores 3 facts:
Muslims stopped voting for Congress and Nehru-Gandhi dynasty quite some time back;
Era of tilak-topi politics is long over;
India’s sense of unity is not driven by Congress Dynasty politics of divide and rule but its civilisational ethos.
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Nehru’s disastrous Freight Equalisation Policy which killed industry in east without creating industry elsewhere was in keeping with his deep-seated hate towards Bengalis.
Don’t forget he wanted Hindu Bengali refugees to be sent back and labelled them ‘Permanent Liability’.
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One of the first executive decisions Nehru took after Partition was to drastically cut West Bengal’s share of funds to ensure Bengal did not have resources to help Hindu Bengali refugees from East Pakistan.
He went on to claim Hindu Bengalis were coming for ‘free food’.
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Little is in the public domain about Partition in the East. Sadly Partition story is dominated by refugees from the west who got enormous aid and assistance from Nehru. But dark-skinned Hindu Bengali refugees were the unter menschen, to be denigrated, disparaged, humiliated.
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Thread on @IndiaToday 's concern for 'democracy' and ease with which its star journalists mouth cliches like 'authoritarian regime' to show down Modi Govt and paint #India in bleakest colours.
Same India Today justified Emergency and endorsed suspension of Rights.
Archives:
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"It seemed incredible that our (India's) people should accept and welcome (Emergency) ... what Western commentators had chosen to describe variously, ranging from "temporary demise of democracy" to the "establishment of dictatorship."
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"Yet a visit to Hyderabad, Bangalore, Madras and Trivandrum showed that the people in the south have generally welcomed the declaration of Emergency and the sudden transformation it has brought about."
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Currency in circulation में बढ़ोतरी भ्रामक है और वास्तविकता से दूर है। इसे Currency-to-GDP ratio के संदर्भ में देखा जाना चाहिए, और Demonetisation के बाद Currency-to-GDP ratio में कमी आई है। (1/n)
Demonetisation के बाद नए भारत के डिजिटल आंदोलन को तेज़ी मिली जिस कारण भारत कोविड-19 महामारी का सामना कर पाया। क्योंकि हमारे पास Faceless transactions के लिए आवश्यक उपकरण मौजूद थे, इसलिए Contact-less transactions करना बहुत आसान हो पाया। (2/n) qz.com/india/2090697/…
भारत ने 2021 तक 48.6 बिलियन real-time payments की, जो चीन से 2.6 गुना अधिक थी। विश्व के लगभग 40% real-time payments आज भारत में किए जा रहे हैं, जो digital transactions में दुनिया में सबसे आगे है|