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Sankalp
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Comments by "Sankalp" (@sankalp6872) on "What GDP data tells us about Modi govt’s handling of pandemic economy" video.
Nirmala Sitharaman has been UNJUSTLY targeted ever since she became the FM. Even people on the right have been UNKIND to her (a typical flaw of the right. Crab mentality). Nevertheless, she has been persistent and has been executing a fine economic blueprint. Things take time to heal. BIG BANG often leads to BIG CRASH. You cannot have insane levels of growth rates like 15-20%. Such growths can only come through a resource curse (the Dutch disease) and are often accompanied by HAYWIRE INFLATION.
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Rote Raho.
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For manufacturing to pick up, Govt must take some big risks. Excess lending in UPA 2 led to the banking crisis but the lessons to draw are not stopping lending altogether. It's about adopting more prudent lending. We need mega projects financed at reasonable costs. India isn't even in the top 10 of global FDI receipts. China is 3rd. That's another problem to tackle. Also, realistically speaking India's manufacturing has a COMPETITIVENESS problem rather than just POLICY or CAPITAL.
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@bloodwargaming3662 Yes, I am Amit Malviya.
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