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#Missing1Point7Trillion #India #Budget2019, #EconomicSurvey2019
Keen followers of India #Budget #Shenanigans would have followed, or tried to follow the complex arguments made by 3 non-Govt commentators in this @NDTV programme: 1/n
#Missing1Point7Trillion #India #Budget2019, #EconomicSurvey2019
Keen followers of India #Budget #Shenanigans would have followed, or tried to follow the complex arguments made by 3 non-Govt commentators in this @NDTV programme: 1/n
Jayati Ghosh, Pronab Sen and Nitin Sethi pointed out that figures that appeared in @SubramanianKri's Economic Survey did not read across into @nsitharaman's glossy #Budget2019 presentation. They based their arguments on reading the small print in both these weighty documents. 2/n
@kaul_vivek, that great explainer of complicated financial smoke-and-mirrors made the same point about a missing 1.7 lakh crores (LC for short, 1 LC = 1 trillion) from the 2018-19 budgeted revenue and expenditure. See his excellent write up here: livemint.com/news/india/how… 3/n
Thread.
On GDP Growth.
One of the 86 times #PMModi cheered @nsitharaman's budget speech was when she said that it "took 55 years to get India to a 1-trillion-dollar GDP, BJP added another trillion in just five" 1/n
On GDP Growth.
One of the 86 times #PMModi cheered @nsitharaman's budget speech was when she said that it "took 55 years to get India to a 1-trillion-dollar GDP, BJP added another trillion in just five" 1/n
Lets Look at the actual record. here are some data from the World Bank, a source much quoted in the #EconomicSurvey2019 written by new CEA @SubramanianKri . The record shows that India outpaced the world since 1985. 2/n
So where is the discrepancy? @nsitharaman's implied, much to her boss' loud and hearty approbation, that India did very badly until the BJP came along. Was she lying, was she deliberately disingenuous, or was she merely ignorant? I dont think she was lying, no... 3/n
