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Mar 1, 2023 10 tweets 4 min read Read on X
FACT CHECKING the INTELLECTUAL HONESTY of @DeepakBagla_ (DB), CEO of #Investindia at a Treasury Leadership Forum 2023 was shared by several people with Wow! Link of his presentation at the end.
1/n
2/n
DB Said: "India was 25% of Worlds GDP in 1750s"
TRUE: Indias POPULATION was also ~27% of the Worlds. Table Attached.
Before Industrial Revolution, India was blessed with Fertile Land, Rivers & 4 Seasons/yr. HEAVEN
Europe & N. Asia had Harsh Weather. US was a non-entity.
3/n Look at this Chart of World GDP per Capita from the ancient world to today.

For Instance, In WW2 UK's gdp per capita was $10k (Dominican Republic), in 1870 it was 5k (El Salvador), & before 1800 it was below $2k (Haiti) before 1600 $500 (Somalia)
4/n
DB Said: "India $1Trn GDP took 67yrs, 2nd $Trn took 8yr & 3rd $Trn took 5 years.
FACT: 1960 (~$37bn) to 2006 (~$1trn), 46yrs = 7.3% CAGR.
2nd Trn took 8yr : 2006 to 2014 @ 9% CAGR
3rd Trn took 7yrs : 2014 to 2021 @ 6.5% CAGR

He described POWER OF COMPOUNDING
5/n
What Really Matters is Per Capita Income Growth and Bridging Income inequality...

Per Capital Income barely grew till 2000 when it took off due to IT Services, Autos, Pharma, Private Sector Banks leading to Real Estate and also the lagged impact of 1990s LIBERALIZATION....
6/n
DB Said: "India would be the youngest Country till 2070 & 1.6 billion Population by 2047"

FACT: True that India's population exceeded China BUT, Indias Population also may have PEAKED given that Indias FERTILITY RATE is now 2.1 which is REPLACEMENT rate (NHFS 2021)
7/n
As per the latest 2022 Edition of UN World Population Prospects Report for India, IHME projects a total fertility rate of 1.29 births per woman in 2100 instead of 1.69 in the UN medium scenario, resulting in a population that is 433 million smaller than UN Forecast by 2100.
8/n
Link to UN Report un.org/development/de…
9/n
DB Said "Every Minute 30 ppl are moving from Village to a city in India.. in 10yr we will create a new USA in India.. We need to Give them housing, infra, water, education, Good Environment.

FACT: if Our Fertility Rate declines, Population density will barely Grow.
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More from @TheFactFindr

Jul 4
FACT CHECKING INDIAN ARMY …. On the #AgniveerScheme #Agnipath #Agniveers

A THREAD 🧵
Quoting INDIAN ARMY @adgpi …. “Of the total amount due, family of Agniveer Ajay has already been paid Rs 98.39 lakhs”

INDIAN ARMY is making it sound that they paid 98.39 lakhs

TRUTH IS this 98.39 lakhs has been paid via 2 Insurance Policies (Self Sponsored & State Govt)
Let’s Check the Facts …. GOVT till date has ONLY paid Rs39,000 … Rest is all INSURANCE Image
Read 6 tweets
Apr 2
#BREAKING !! #Internal Opinion Polls of #BJPee

#ModiKiGuarantee is that @BJP4India is loosing #Election2024

Multiple intelligence agencies did surveys on behalf of the BJP govt.

The results are:
1. BJP is estimated to win 190-220 seats ✅

12 other key take always below Image
2. Modi's image is not the marketing USP anymore. ✅
3. Ram Mandir is not a selling point anymore. ✅
Read 14 tweets
Mar 25
People are asking WHY DID #INR to fall so sharply on FRIDAY to 83.64/USD?

A quick 🧵 explaining why …#RBI Image
Who BENEFITS most when INR Depreciates?

✅It’s Financial Year end and @RBI has PROFIT targets & DIVIDEND targets of 120,000 Crores to pay Govt of India

✅ when INR Depreciates (#USDINR Rises), @RBI makes profits since it’s ASSETS are USD BONDS/GOLD & it’s LIABILITIES is INR
✅ When #INR depreciates (#USDINR rises), EXPORTS become competitive and IMPORTS become cheaper

✅ When #INR Depreciates, The BIGGEST component of GST (IGST of GST) grows faster since IGST is levied on IMPORTS, Basic & Intermediate Raw Materials, Inventory
Read 12 tweets
Oct 1, 2023
#NRI #Remittances will not only #COLLAPSE but they could reverse

A quick thread with implications for the #INR Image
#NRI #Remittances will not only collapse but they could reverse as outflows unless the DEPOSIT Rates offered by Indian Banks to NRIs are at-least 6-7% $ Rates
Today the US Rates are
1) 4.7% on the US 10yr
2) Investment Grade US bonds offer $6.5%
3) MBS Securities offer $7% at-least
4) US High Yield Bonds are offering $8-9% pa

Compared to that FCNR deposits are at just 5.5-5.8%
Read 7 tweets
May 29, 2023
#Genius #MasterStroke 81,000 Cr LOSS/yr

CANNOT MAKE THIS SHIT UP!

Govt Introduces a #POLICY estm to SAVE Rs 36,000 Cr/Yr in #Forex

BUT To SAVE Rs 36000 Crore, the Govt & Indian Public are SPENDING 300% or 117000 Crores more 😳

= 81,000 Cr LOSS/yr

#Thread on A #MasterStroke
#Modinomics decided in 2020/21 to Introduce the 20% #Ethanol Blending (Petrol) Policy.

Intention of the Policy designed by the @NITIAyog was to save India Rs36,000 in FOREX & help the Environment

Link to the document niti.gov.in/sites/default/… Image
BUT AT WHAT COST ?

FIRST: Every litre of Ethanol, Govt India will lose Rs15-20 in Tax Collections since:
👉Cost of Procuring PETROL is Rs45/lt
👉Cost of Procurement of ETHANOL is Rs65/Lt

👉Difference is Rs20/lt is LOSS IN TAX REVENUE

1020cr Ethanol = 20400cr in Tax Losses/Yr ImageImage
Read 21 tweets
May 28, 2023
#SHOCKING #CRICKET

@BCCI is the #WORLDS #RICHEST CRICKET board (Valuation: Rs16500cr, Income: Rs3900cr)

Has NOT PUBLISHED its #ANNUAL #REPORT post FY17.

BUT that is NOT the Shocking Part, Read the #Thread

#CRICKET is a #RELIGION in India & #TRANSPARENCY should be Foremost Image
As per the FY17 Annual Report, @BCCI paid an INTEREST Cost of Rs115 Cr (400% YoY) while it’s INTEREST Income of Rs171 Cr (Fell 2% YoY).

BUT WHY were they paying 171Cr of Interest Costs when they had a CASH BALANCE of 3770 Cr (3560 Cr in FY16) ? ImageImage
Read 4 tweets

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