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Manmohan Singh’s Message To Modi on GDP Slump

“Reach out to sane voices.” With the Indian economy in the grips of a crippling slowdown, the normally reticent Manmohan Singh suggested a stern solution. But is the Modi government listening?

09/04/2019 9:19 AMupdated: 09/04/2019 1:38 PM
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637 comments

  • Siddharth A.
    09/04/2019 09:23

    Even he is not a saviour

  • Subhreet K.
    09/04/2019 09:24

    Sardar ji finally started to #speak 😂😂😂

  • Lokesh N.
    09/04/2019 09:25

    @Rohitjain Debate on Economy should be based on facts and not on perceptions of NDA/UPA. Here are some facts based on Economic Parameters & Figures in the thread: Comparative Analysis of UPA 10 Years v/s NDA 5 Years : 1. India's Annual GDP Growth Rate (Source : CSO) UPA (10 Years) : 6.7% (Avg) NDA (05 Years) : 7.3% (Avg) 2. India's Retail Price Inflation (Source : MOSPI) UPA (10 Years) : 9.9% (Avg) NDA (05 Years) : 4.5% (Avg) 3. Government Fiscal Deficit (Source : RBI) UPA (10 Years) : 4.60% (Mean) NDA (05 Years) : 3.68% (Mean) 4. Foreign Direct Investment (FDI) Inflows (Source : Union Budget) UPA (10 Years): 274.08 $bn (Total) NDA (05 Years): 287.26 $bn (Total) 5. India Unemployment Rate (Source: International Labour Organization estimates) UPA (10 Years): 2.655% (Mean) NDA (05 Years): 2.677% (Mean) 6. Repo Rates (Source : RBI) UPA (10 Years) : Increased by 4.50% to 8% NDA (05 Years) : Decreased by 8% to 5.40% 7. Forex Reserves (Source : RBI) UPA (10 Years) : ~244 $bn (Average) NDA (05 Years) : ~370 $bn (Average) 8. Prime Lending Rate (Source : RBI) UPA (10 Years) : ~11.20% (Mean) NDA (05 Years) : ~9.76% (Mean) 9. India's External Debt (Source : Ministry Of Finance) UPA (10 Years) : Increased by ~307.1% NDA (05 Years) : Increased by ~19.87% 10. Current Account Deficit to GDP Ratio (Source : RBI) UPA (10 Years) : 2.20% (Mean) NDA (04 Years) : 1.45% (Mean) 11. Debt to GDP Ratio (Source : Ministry Of Finance) UPA (10 Years) : ~72.4% (Mean) NDA (04 Years) : ~68.2% (Mean) 12. Direct Tax Collections to GDP Ratio (Source : Income Tax Dept) UPA (10 Years): 5.53% (Mean) NDA (05 Years): 5.72% (Mean) 13. Indirect Tax Collections to GDP Ratio (Source : Income Tax Dept) UPA (10 Years): 4.91% (Mean) NDA (05 Years): 5.38% (Mean) 14. Dollar ($) to INR Exchange Rate UPA (10 Years) : INR weakend by ~31.46% NDA (05 Years) : INR weakend by ~15.74% The debate can go on and on bt there has to be some rationale. One can say abt off budgetary borrowings but that used to exist in form of Oil bonds in UPA era also. Yes, the slowdown is there and no denying fact about it. But UPA v/s NDA should be on holistic views and not on views of armchair economists.

  • Shaktiman D.
    09/04/2019 09:25

    I guess this will help you to understand, even in Mr. Economist's period it was 4.8% https://www.ceicdata.com/en/indicator/india/real-gdp-growth

  • Akbar H.
    09/04/2019 09:25

    एक #अंधभक्त 20 km पैदल चलने के बाद बोला..... ये कांग्रेसी झूठ बोल रहे है, #रुपया कही नही गिरा है.....😂😂

  • Kaustubh A.
    09/04/2019 09:26

    At the same rate you learnt to Speak... Correct ??

  • Akshay K.
    09/04/2019 09:26

    Is he really talking? Wowww

  • Deepak G.
    09/04/2019 09:26

    Only thing that has slowdown is your processing speed

  • Anchla A.
    09/04/2019 09:26

    He can speak also🤔🤔🤔🙄🙄🙄🤐🤐😶🙄??????????????????

  • Sagar G.
    09/04/2019 09:27

    Full marks to the programmer ...

  • Sureshta G.
    09/04/2019 09:27

    When you were to speak on scams, you didn’t speak any word. Now you have no right to speak.

  • Sai T.
    09/04/2019 09:28

    Joker 🤔🤔🤔🤔🤔 🤣🤣🤣🤣🤣🤣🤣🤣 mannu

  • Sri R.
    09/04/2019 09:28

    I swear this is the first time I have ever heard him . #NotJoking #INeverSawAnyVideosTooEarlier

  • Sandip P.
    09/04/2019 09:29

    Oh bhai rehne do! With all due respect, aap apna mooh bandh hi rakkhe, it suits you.

  • Rinu J.
    09/04/2019 09:29

    He is one of the best economics expert in India but not was a leader...now we have a prime minister who have leader ship but no vision on economics

  • Devraj D.
    09/04/2019 09:29

    Bjp Hatao Desh bachao

  • Saswata C.
    09/04/2019 09:29

    Arey bhabi ji can speak..😂😂😂

  • Devraj D.
    09/04/2019 09:29

    Modi sucks

  • Walunje A.
    09/04/2019 09:29

    Why does he need to read it ??

  • Rome R.
    09/04/2019 09:30

    He is reading and being dictated by the Italian mistress!!!