This report shuts mouth of misinformation spread by opposition n leftist media
If u r not economics person no worry, I will explain this report in simplest language
Read this thread
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This discriptive report says that India has completely changed in last 10 years n going to become economic superpower if current govt wins again in 2024
This report is imp coz it talks abt 10 policy level reforms by Modi govt that changed India
These r those 10 big changes 👇
1. Supply side policy reforms
It's abt creating business environment by govt
this grafh is abt infra building
Infra (roads, metro, ports, electricity, broadband) r imp for business
Gray bar = UPA govt years
Blue bar = Modi govt 10 years
4 bars : roads, broadband, power, rail
This chat compares corporate tax worldwide
It's imp factor for MNCs to make investment decisions
U can see India's corporate rate tax is lowest among other competitive countries
It was earlier very high but Modi govt reduced it to attract FDI
2. Formalisation of economy
It's about how simplified, inclusive n transparent is ur taxation structure n economy
This graph is about GST collection n u can see how it's continuously increasing since 2020
More GST means more turnover
This is about digital transection
That r continously increasing year on year
More digital transection means more formalize more transparent less informal economy
3. Real Estate regulation Act
Rera brought more transparency n resulted in increase of real estate sales
Real estate is one of very important segment of economy coz lot of other segments r directly associated with it
U can see growth in last 3 years 👇
4. Digitalized Social transfer
In India 85% money used to go in corruption in social schemes, Modi govt completely degitalised it
do u know by this Modi govt saved Rs 273 lac crore
These blue n yellow lines r abt social schemes by Modi govt
5. Insolvency n Bankruptcy code
UPA govt left mountain of NPA for Modi govt. Modi govt brought IBC act in 2015 n recovered Rs 8.5 lac crore from defaulters
Check corporate debt/GDP
How it was highest in 2014 n then started to fall
In this graph check grey bar
Grey bar is impaired loan ratio
A loan where less chances that it will be paid
It was highest in 2014 n then started to go down
6. Flexible Inflation Targetting
Inflation (mahangai) is also very important parameter in economy
Inflation data from 1997 to 2023
Check the 2009-2013 period when inflation was highest
Despite of war n covid modi govt controlled it in limits
7. Focus on FDI
Red line is FDI
Blue line is FPI
In FDI investor comes to India n build factory, office here so it gives jobs, increase GDP
In FPI investor just invest in share market n bonds n make profit, no jobs
Check FDI FPI data before 2014 n after 2014 👇
8. India's 401K moment
401K is US equivalent to 80C of Indian income tax
It means investment (saving) by common public
Red line : SIPs
Blue line : Debt mutual fund
Check the growth after 2014
(2020-21 exception due to covid but see recovery)
9. Govt support for Corporate Profit
Basic rule is If investors get good profit, they will invest more otherwise they will go to another country
Ease of doing business reforms, transparent policies, better logistics and infrastructure and rationalization of taxes caused it
10. MNC sentiments about India
This is interesting analysis
It highlights that the sentiment among the large corporates for India is much higher than that of China.
Positive value means positive sentiment for India
Negative value means positive sentiment for China 👇
This chart is about India's export share in total world export
Blue line : goods export
Grey line : service export
U can see after 2020 how it rose so high due to policy reforms of Modi govt
This report predicts that India's export market share will rise to 4.5% by 2031, nearly 2 times from 2021 levels
India's per capita income will increase from US$2,200 currently to about US$5,200 by 2032
India will emerge as a key driver of growth for Asia and the world
Though these things r complex but people must understand importance of these things n explain to other people also
Someone can give u hotel to stay for 1 day n take ur vote
But ur real well wisher is one who builds ur home n it takes time
Modi govt is building nation
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To understand significance of today's event
I start this thread with Modi's last night speech that was one of his best speech n 99% people cud not understand it
He said sengol (Raj danda) was bridge between ancient India before slavery period (12th century) and new India 1947
This Sengol cud connect ancient India before Mughals n British to new India of 15th August 1947
But Congress that was made by Britishers n Nehru who used to consider himself half Mughal n half British didn't allow to happen it
In this thread I will tell u inside story of how step by step Modi govt built 9 pillars that transformed India from fragile five country in 2014 to Bright spot country in 2023
Read this greatest story of miraculous change
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Achievement No 1 : Economy
If u want to do anything, U need mony.
No money, no growth
When Modi became PM in 2014, Indian economy was in bad shap.
Banks were sitting on time bomb of NPAs
UPA govt left Rs 1.25 cr of unpaid oil bonds
Growth rate was going down
Modi govt started to work on economy
- they brought IBC n recovered loans n brought down NPAs n saved bank
- abolished useless laws
- worked on ease of doing business, infrastructure, agriculture manufacturing,
- brought policy reforms
Sacred sengol will protect Indian democracy now (Thread)
- Every civilizations, cultures of world have some sacred ritual for power transfer
- When power transfer was happening in India from Britain to India in 1947 then Mountbatten asked to Nehru what is power transfer
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Ritual in India ?
- Nehru who was half Englishman n ignorant to Indian culture went to C Rajgopalachari n asked him
- He was a great scholar he told Nehru that there was a great Chola kingdom in India, they were descendants of Manu n great Shiva bhakts
- In chola dynasty there was a ritual. At time of power transfer old king used to handover a sacred sengol to New king. Sengol is a Tamil word. It's basically a decorated rod that kings used to carry
- Nehru liked the idea n asked to prepare one sengol
Modi's Japan, Papua New Guinea, Australia visit (News Thread)
Modi left for 3 countries visit on 19th May and He will be there till 24th
In this 5 days, He is having 40+ meetings
He has met state heads of 20+ countries
Read mind blowing facts of his visit in this thread
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Modi reached to Japan on Friday and he was there till Sunday.
In two days he had-
- first he met to members of Indian diaspora in Japan m talked abt their issues
- Bilateral meeting with Japan PM Kishida Fumio n talked on various issues related to trade n development
- Attended G7 meetings where he talked about China
- met South Korean President Yoon Suk Yeo in bilateral talks to enhance cooperation in futuristic sectors like IT, innovation, technology, semiconductors and more