,
8 tweets,
3 min read
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1) I read Yashwant Sinha's article on Indian Express. Anti Modi gang in full celebration mode. But let's do some fact check in few tweets...
2) Yashwant Sinha says "Private investment has shrunk as never before in two decades".
Fact: 2016 PE investment at 10 year PEAK!
{BusinessW}
Fact: 2016 PE investment at 10 year PEAK!
{BusinessW}
3) Yashwant Sinha: "industrial production has all but collapsed".
Fact: IIP is healthy b/w 2014 and 2016. Picking up again now.
{Source: TE}
Fact: IIP is healthy b/w 2014 and 2016. Picking up again now.
{Source: TE}
4) Yashwant Sinha:: "agriculture is in distress".
Fact: Kharif and Rabi production in India is at its highest level ever!!
{Source: IBEF}
Fact: Kharif and Rabi production in India is at its highest level ever!!
{Source: IBEF}
5) Yashwant Sinha: "construction industry, a big employer of WF, is in the doldrums".
Fact: Iron & Steel consumption at record high!
{IBEF}
Fact: Iron & Steel consumption at record high!
{IBEF}
6) Yashwant Sinha: "the rest of service sector is also in the slow lane".
Fact: 39% growth in IT services over 3 years!!
{TheDollarBusiness}
Fact: 39% growth in IT services over 3 years!!
{TheDollarBusiness}
7) Yashwant Sinha: "exports have dwindled, sector after sec of economy is in distress"
Fact: Exports growing even after demonetization!
{TE}
Fact: Exports growing even after demonetization!
{TE}
8) Final. I will stop here. Yashwant Sinha missed the facts badly in an effort to target @arunjaitley directly and @narendramodi indirectly.
