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Twitter1. Within minutes of the Finance Minister finishing his Budget speech the CSO released data on economic growth for the 3rd quarter and shockingly the GDP growth has dropped to 4.5% in the third quarter. Is this what the UPA and Mr Chidambaram want to call as the inclusive growth model? So,if Modi has achieved 10% growth in agriculture that is not inclusive according to the FM; on the other hand the UPA which has brought the economy from above 9% down to 4.5% is a role model according to him. Thanks to NDA ruled states like Gujarat, Bihar, MP etc that India managed 5%; otherwise Mr Chidambaram and Congress had made up their mind to ensure negative growth for India.
Saturday, August 31, 2013
1. Within minutes of the Finance Minister finishing his Budget speech the CSO released data on economic growth for the 3rd quarter and shockingly the GDP growth has dropped to 4.5% in the third quarter. Is this what the UPA and Mr Chidambaram want to call as the inclusive growth model? So,if Modi has achieved 10% growth in agriculture that is not inclusive according to the FM; on the other hand the UPA which has brought the economy from above 9% down to 4.5% is a role model according to him. Thanks to NDA ruled states like Gujarat, Bihar, MP etc that India managed 5%; otherwise Mr Chidambaram and Congress had made up their mind to ensure negative growth for India.
1. Revised. Devaluation that impacts entire nation is Across the board. And lacks wisdom. If videshi wants to leech certain nation cheap by making iidiot X nation compete Y nation and we are bent on selling. Then give rupee subsidy over videshi currency earning. DEVALUATION of entire currency is wrong. Indian can give subsidy to each industry that trades with videshi. But devaluation is like selling entire home for sake of selling an apple. And dont believe in videshi nation grunt on subsidy for export when we give export subsidy as we scuttled their evil devaluation game. Reject predatory Devaluation system. Eventually dont trade under devaluation system. China is now self invested at a stage and has volume economy that they dont subsidize (without telling or showing) as much they used to beat competition. They can even manufacture quality equipment for manufacturng their goods in their backyard which they used to import before.
2. What is the use of money in the bank, if not used to save oneself when sick? Let the forex reserves fall -control the slide of the rupee and bring it back to low 50 level! MMS government is like counting beans when death is fast approaching!
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