Snehasis Mukhopadhyay Profile picture
Sep 3 4 tweets 2 min read Twitter logo Read on Twitter
This decade has been the WORST decade for the Indian Economy. You may ask why?

Here are the 10 reasons:

1) The Manufacturing sector was cruelly battered by this regime.

2) Rupee fell to an unprecedented historic low.

3) Inspite of a weakening ₹, exports was at all time low. Image
4) The economy got shackled by debt. Every citizen today owes a debt of ₹1.16 lakhs.

5) Far from achieving strategic autonomy,today India is flooded with imports from China.

6) During the decade, Bangladesh surpassed India in percapita terms.

7) Little to no investment Image
8) This decade unveiled India's Plutocratic Story where the top 1% literally enslaves the rest.

9) India's contribution to the global economy remained almost stagnant at 3%. It used to contribute 50% once upon a time.

10) India witnessed the Greatest Employment crisis in 40yrs Image
It's easy to get carried away with propaganda but it's hard to stay updated with facts. Keep your eyes and ears open!
Retweet this for max reach.

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More from @SnehasisMukhop4

Aug 11
Sit down @amitmalviya .
You neither have intellectual capability nor the eptitude to debate with him. Here is a reality check for you:

UPA inherited an economy which grew at mere 5.9% ( real GDP) while you inherited an economy that was growing at more than 7%
1/
In the 10 years UPA have been in power, the GDP almost quadrupled, a feat unheard and unachieved by any advanced economy then.

Japan was the first country which doubled its GDP in a decade while China broke it by tripling its GDP in a decade. India quadrupled in 2004-14.

2/
Under the premiership of NDA, the only achievement you can boast about is writing off large NPAs which are nothing but de facto waivers given to crony friends who in turn gives you hot money to win elections.

From 2014, you have written off 14.56 lakh crores alone.

3/
Read 5 tweets
Aug 4
The RIGHT WING CABAL made some huge noise about Rahul Gandhi's performance as an MP.
The tides have turned now.

Time for some hard FACTS:

1) Mr Modi has one of the worst attendance records of any PM in Indian history. He has missed over 40% of the sittings of Parliament. Image
2) Number of speeches: Narendra Modi has made few speeches in Parliament. He has made an average of 15 speeches per year, compared to an average of 30 speeches per year for previous Prime Ministers. The reason being obvious. In Parliament Teleprompters aren't readily available.
3) Number of questions: Narendra Modi has also made few questions in Parliament. He has asked an average of 20 questions per year, compared to an average of 50 questions per year for previous PMs.Of course it's a fallacy to expect him to comply with Parliamentary norms
Read 5 tweets
Jul 29
Rajasthan is a state to look out for. It's performance has been impressive.

Here are 5 charts that shows how Rajasthan is progressing on some key economic indicators:

1) Per capita
2) Index of Industrial Production (IIP)
3) Exports
4) Investment
5) Crop Production
The time scale has set from 2013-2023 which includes five years of both Vasundhara Raje and Ashok Gehlot. The per capita income of Rajasthan increased by 14.85% from 2018 to 2023 under Ashok Gehlot, compared to an increase of 10.75% from 2013 to 2018 under Vasundhara Raje.

2/ Image
In so far as IIP is concerned, Covid made an impact taking the graph down but it has been rising since then. It reached its peak during 2018 and 2019. Industrial Production was growing when Mrs Raje started her tenure but slowly the rate came down. Things have changed now. Image
Read 6 tweets
Jul 10
Just heard some 'pseudo historians' drooling over Yogi's economy in Beer Biceps podcasts, going to the extend of suggesting what a paradise UP is.

Ajay Bisht handling the economy is much like the cat dancing with the toaster.

So here is fact check to those outlandish claims:
Agriculture, manufacturing, industry.... You name it and you have it.He has failed in all parameters in comparison to his predecessor.The narrative spinned by those unsung heroes of intellectual tomfoolery is so absurd that they didn't even tried to back up their claims with data
The tale of UP's GDP is even more absurd.

Claim is, "1 trillion economy banayenge"

For that you require 32% growth rate.

Result : Under Bisht's tenure, average GSDP grew at 3.2 percent

Are the pseudo historians and podcast experts listening?
Read 5 tweets
Jun 28
PM Modi doesn't have the political capacity to implement UCC. For that he will have to ruffle too many feathers which in itself is a dangerous proposition for any megalomaniac power hungry ruler.

PM Modi is constrained by the vagaries of political weather in every state.

Thread
The biggest obstacle will be the North East. The same NE where PM Modi has spend much political capital. The Bordoloi recommendations continues to be lump in the throat. Meghalaya CM has already opposed UCC. The NE tribal areas will never welcome UCC with open arms.
Another critical area is bringing parity between the heteronormative society and the LGTBQ+ wrt marriage, divorce & inheritance.

This was the major concern for SC as well during the hearing of marriage equality petitions. You can't pick all the rose without touching the thorns
Read 5 tweets
Jun 5
Indian Railways are just crass. Accept it or not, it's just a colonial hangover which desperately needs to be modernised. Of course, after the tragedy many people have asked for accountability and rightly so, but what about the other legit concerns.

A Thread.
Modi govt downsized social security budgets and allocated whopping amout of capex for roads and railways. This year alone the capital outlay for railways was 2.40 lakh crores. During the Covid, when people were dying, GOI did massive capital expenditure.
2/
This inspite of much clamour from economists all around the country to give money directly into the hands of the people. At a time when humanity was on the precipice of collapse, GOI was digging roads and railways.

Be that as it may. Let's dig further.
3/
Read 9 tweets

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