Comments by "Rutvik" (@rutvikrs) on "'In our 3rd term, India will be among the top 3 economies in the world', says PM Modi" video.

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  9.  @user_chestnut  the reply is as expected. Shoes the level of education and our media. Here is what happened and I am backing it up with sources. 1. MMS inherited the Vajpayee era which broke the taboos of privatisation and infrastructure spending. He turned to the demand side economics immediately. First major policy policy of the gate was the anti poverty but also anti industrial MNREGA. When you get 100 rupees to work in your Village why would you want to earn 200 in an unfamiliar city? You can check economist Surjeet Bhalla's and Panagaria's criticisms. India's industrial cities deurbanised in the period. 2. They printed money thrice, 08, 09 and 11. The 11 fiscal stimulus was so excessive that it caused a fight within UPA 2. Google Chidambaram vs Pranab Mukherjee. If anyone is allowed to print money, you can show inflation as growth which happened in India's case both under MMS and Modi's pandemic print of 20L Crs. But the PM was an economist which holds him to a higher standard and he did not face a pandemic in his tenure. 3. The end point was a failing bank system, free printed money which attracted scamsters and a failing INR-USD equation when every developing economy was rising against USD. Nirmala Seetharaman faced the music for a 85 rupee dollar when INR maintained parity with every other currency. Easily comparable on a Google search. 4. MMS worst action was to open up Indian economy to Chinese imports in a bid to kill inflation which destroyed many businesses both large and small. All the major bank scams from Nirav to Mallya, Sahara to Jaypee happened under their tenure. Banks were failing with NPA and this is what Modi had to solve. Check the date of each default. 5. There was literally no coverage of these issues under the UPA era. It's only IAC movement under Anna Hazare that turned the media tide. Even today, every neighbour barring China and Nepal have taken IMF assistance. Somehow we were not affected?
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