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James Wilson
@jamewils
, 15 tweets, 3 min read Read on Twitter
Believe in propaganda..
Economy is heading to moon with "escape velocity" 😜
Thanks RG for make it so familiar 😉
#thread 👇
This Graph does not need an explanation.. Because the change is so palpable to you on the ground..You are elated & feeling like a super rich
Then Yashwant Sinha given a befitting answer to this graph 📊 Chidambaram too.. And all reputed global financial magazines too! 🤣
First, they love to fudge data, so most convenient thing is to start from a low base 😜
thehindu.com/business/Econo…
Then wanted to make a cherry pick comparison from 2012 onwards when global oil prices hit all time high & global melt down crippled growth
Any quarterly data between 2003-2012 will result in egg on the face of the great economic reformist Emperor, so keep it out of sight 😜
Read the fine line under the graph 'DESPITE A RECENT SLOWDOWN ' ponder is it a global phenomenon or a self inflicted wound by the Emperor? 😉
It's an admission by the Emperor himself that his Vikas gone mad..

See what FT says!
But believe what IT centre propagates
To need a comparison, the minimum requirement is that everything should be on the same scale. Don't think we are nincompoops & gullibles
I am not an economist & it is my cake to convert the old data to new series for comparison. INC has manpower to do! @divyaspandana pls do it
I am not an economist & so it's not my cake to convert old data to new series. But @INCIndia has manpower. @divyaspandana please do it
I am using my common sense and logic..If your economy is doing well, it's so palpable to you, no need for a propaganda to make you believe 😜
What we are witnessing is a healthy economy on ventilator. Great surgeon wanted to learn surgical lessons on a healthy body w/o any ailments
He made us believed that that is the right way to treat it for the fantasy chronic diseases! So used the butcher's knife & rest is history 😜
PS: I am not saying that Govt can not change the base or methodology. But when do a comparison, make all in the same scale! That is it!
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More from @jamewils see all

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James Wilson
@jamewils
Imaginary savings!!!

They claim that record income tax collections, claim record GST collection, raised petrol tax to the high, Spectrum & Coal re-aunctioned & got lakhs of crores..

Still, they dont have money to pay the rent of leased aircrafts for PM's world tours.
Please listen to @databaazi, @iam_anandv and @digitaldutta. They all busted these lies regularly!!

Why GoI depends on world bank to sell their claims? Put the raw data on the public domain for scrutiny.
Also listen to @roadscholarz too. All these people are challenging these tall claims consistently here!!!
Read 8 tweets
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James Wilson
@jamewils
Most hilarious news of the day!!

That "chip" note, which claimed to end fake currency & kill black money is now going to have a premature death..

Even Tughluq cant stop laughing 🤣 theprint.in/economy/india-…
Now my prognosis:

Dont fall into the news that these notes are going to be withdrawn, they will stay there!!

RBI is in a dilemma with these ₹2000 notes, which used as a quick fix solution, yep, they are facing the proverbial situation of between devil with deep sea.
₹2000 notes was a quick fix solution during DeMon to replace ₹1000 notes, which are in circulation, numbering 6.858 billion, which constituted 38% of the total Currency in Circulation (CIC).

Why?

If you change the denomination, you should need only 3.429 billion ₹2000 notes
Read 25 tweets
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James Wilson
@jamewils
Let me rewind some of my columns on #DemonetisationDisaster

My last year's detailed take in @frontline_india on

"BLUSTER AS A POLICY"

frontline.in/cover-story/bl…
I concluded that article with the following observations

#DemonetisationDisaster
Of course, in that article I have given an estimate of how much currency is seized as black money due to #DemonetisationDisaster
Read 27 tweets

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