Indian National Congress Press Briefing Over Economic Situation in India
मंडियाँ पड़ी हैं सूनी बाज़ार पड़ा है सूना मोदीजी, ज़ुलेबाज़ी का कब बंद करेंगे धंधा ?
एक तरफ रूपया डूबा है अर्थ व्यवस्था लगा रही है गोता, मोदीजी क्या इसी प्रकार से विकास होता ?
The economy is in shambles and the govt is doing nothing but fiddling, looking left, right and centre, not even policy solutions, much less implementation, Let me list for you 10 failures of the economy:
1- Auto industry- there’s a decline of 31%. In cars alone there is a 23% drop, 12% for two wheelers, 14% for tractors.
2- Stock exchange- BSE fell by 5%, midcap and smallcap by 8%, Nifty fell by 10%
3- Rising fiscal deficit- Finance commission admitted that CAG recalculated that fiscal deficit for 2017-2018 and it stands at 5.8% while the govt reported it to be 3.46%
4- GDP figures- Govt claims to make our GDP double digit while actual figures for Jan-Mar 2019 was 5.8%, the lowest in Modi’s first tenure. World over nobody claims our GDP figures are more than 6.5% currently
5- Shrinking labour force
6- Construction/Real estate
7- Downgrading by credit agencies
8- Rupee- Termed as Asia’s worst currency this August.
9- FDI- 7% fall from last April to December
10- FPI - 9,147 crore left India in just 7 trading sessions in August
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