Comments by "" (@Rav01508) on "Bloomberg Technology"
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▪︎Look at the broken promises. At his Agra rally on November 22, 2013, PM candidate Narendra Modi had said that he would create 1 crore jobs every year. Former PM Manmohan Singh said Modi had offered to create 2 crore jobs.
Ten years later, in November, CMIE reported over 5 crore unemployed. During the last few years, the unemployment rate averaged 7.5%, surging to 25% during the first lockdown. Incensed at this revelation, the government put out its own ‘authentic’ data in April to claim that the labour market was recovering. Economists said the official figures were outdated.
▪︎On August 15, 2020, Narendra Modi vowed to connect all of India’s six lakh villages with optical fibre by 2023. Finance minister Nirmala Sitaraman later highlighted the PM’s flagship scheme in her Budget speech. The PM’s target is nowhere in sight. The rollout is slow and the goalposts have moved.
▪︎On September 21, 2018, Modi vowed to make India a $5 trillion economy by 2022. He also assured an 8% growth rate with “massive” employment generation in IT and retail. The PM’s deadline passed in deathly silence, amidst massive dismissals in IT and retail. But railways minister Ashwini Vaishnav released a report projecting India as a $26 trillion economy in 2047!
▪︎On August 15, 2018, Modi thundered from the Red Fort that India would send astronauts to space before Independence Day, 2022. The Department of Space’s allocation was was hiked 23% and ISRO came under tremendous pressure to fulfil the PM’s promise. The deadline passed, and the hiatus between the PM’s dreams and India’s capabilities was realised.
▪︎At Gondia on April 4, 2019, Modi promised to double farmers’ incomes by August 15, 2022. He said the government was already giving Rs 75,000 per year to 12 crore farmers under the Kisan Samman Yojana. As the deadline passed, agitating farmers ridiculed the claim. At Gondia, Modi also coined a new name for the opposition: “tukde-tukde gang”.
▪︎In Doha on February 12, 2018, the PM said the 508 km Sabarmati-Mumbai bullet train, his dream project, would be a reality before August 15, 2022. His rail minister Ashwini Vaishnav says a ‘curtailed run’ of the bullet train between Surat and Billimora was likely by 2026, four years after Modi’s deadline.
▪︎On July 28, 2018, Modi flamboyantly announced a house for every Indian by 2022 ― 54 lakh houses new units in urban areas and 1 crore in rural areas. The housing shortage remains.
▪︎“I promise to provide 24×7 electricity to every home in India when the country celebrates its 75th Independence Day in 2022,” Modi told school students on Teacher’s Day. The pledge is nowhere near realisation.
▪︎In July 2014, two months after taking over as PM, Modi declared: “We will build 100 smart cities outfitted with high-tech communication capabilities… cities in the past were built on riverbanks. New ones will be along highways and based on the availability of next generation infrastructure.”
A week earlier, he had announced an additional $1.2 billion investment for the sector, with fundings from private sources and abroad. Based on this, McKinsey had projected that India would add a Mumbai every year, in terms of commercial and residential space. Thrilled at the business prospects, Singapore and Japan offered anticipatory aid. The UK foreign minister offered GBP 1 billion in credit. Modi’s smart city dream was modelled on Dholera, a languishing project in Gujarat propped up by private investment and real estate support.
As early as 2014, the Guardian reported scathingly on "India’s Smart City Craze: Big, Green and Doomed from the Start?" Another study in India found Modi had promised to build 100 new smart cities in five years, but nine months to deadline, only 30% of funds were released.
▪︎On the ground, the backlash of the Brij Bhushan Sharan Singh scandal at the Wrestling Federation of India looks more damaging than was thought earlier. The bahubalis need the ruling party’s protection and the latter their vote banks. Singh, against whom there were 30 FIRs, has vote banks spread over three districts. Rape convict Ram Rahim has been in and out of Haryana jail with chief minister M.L. Khattar’s open support. Noida’s Srikant Tyagi and the main accused in the Kanjhawala atrocities also claimed they were BJP activists. Recently, in BJP-ruled Haryana, the CM was forced to sack a minister charged with rape — because the victim went public and demanded action.
▪︎Misdemeanours have surged across states, and the opposition has been whipping up a moral backlash against the BJP in, for instance, Betul, then in Chennai, Uttar Pradesh (Unnao) and Jharkhand. This random sample illustrates the severity of the BJP’s image problem. And now, the PM has told the bahubalis to go easy on the minorities. Coupled with his broken promises and drifting flagship projects, it’s a fairly difficult problem for the BJP.
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If India says that China is not doing well, I just can't imagine how horrific it must be in India
This is like an F-grade student telling an A+ student he is not doing well.
- China's economy is 6 times larger than India's.
- China's yearly growth is 5 times greater than India's.
- China has better living conditions and healthcare; on average, they live a whole decade more than their Indian counterpart.
- China is 60 times richer than India. (I know it's unfair that the British looted 45 trillion from India, but it is what it is).
- China launches 20–50 times more rockets than India into space every year.
- China is a lot more intelligent, with an IQ of 104 compared to India's 76.
- China is more athletic and stronger than India, winning 38 times more gold medals than India in the world olympic games.
- China's reserves is 7 times larger than India's reserves.
- India is forced to use the Chinese currency when purchasing oil from Russia, Iran, or Venezuela. Due to weak & undesirable Indian Rupees.
- China has 21 times more companies in the Fortune 500 than India.
Rovers on Mars China: Yes India: No
Brought back Lunar Samples China: Yes India: No
Humans in space China: Yes India: No
Space station orbiting above us right this moment China: Yes India: No
Reference:
FirstPost : China overtakes US to become world's richest nation
Wion - At $514 trillion, China overtakes US in terms of amassing the biggest net worth
Indiatoday - China overtakes US as world’s richest nation
Tribuneindia - China overtakes US as world’s richest country
Businessinsider india - China overtakes US as the richest country in the world
Thequint - China Overtakes US as the World's Richest Nation
Hindustantimes - China overtakes US to grab top spot in list of richest countries
Indiatimes - Global wealth surges as China overtakes US to grab top spot
NDTV - China Is Now World's Richest Nation, Ahead Of US
NewsX - China Overtakes US As World's Richest Nation
India - China Becomes Richest Country In The World, Overtakes US To Grab The Top Spot
Timesofindia - Global wealth surges as China overtakes US to grab top spot
Newindianexpress - China overtakes US as richest country in the world
Oneindia - China overtakes US as the richest country in the world
News18 - चीन बना दुनिया का सबसे अमीर देश, अमेरिका को किया पीछे
Aajtak - छिन गया America से ताज, अब China दुनिया का सबसे अमीर देश!
Zeenews - Worlds Richest Country: America पीछे... China बना दुनिया का सबसे अमीर देश
TV9 Hindi - अमेरिका को पछाड़कर चीन बना दुनिया का सबसे अमीर देश, 20 साल में बनाई इतनी संपत्ति
Newsleadindia - चीन ने अमेरिका को पछाड़ा दुनिया का सबसे अमीर देश
List of countries by GDP (nominal)
Medal Tally | Tokyo Olympics 2021
List of countries by FOREX reserves
Fortune Global 500 2021 | Full list of ranking
Spaceflights in 2021
Average IQ by Country 2022
USA News
BIoomberg - Global Wealth Surges as China Overtakes US to Grab Top Spot
Yahoo Finance - Global wealth surges as China overtakes US to grab top spot
Japanese News
Nikkei - China overtakes U.S. in national net worth to grab top spot
UK News
Dailymail - Global wealth trebles in last 20 years as China overtakes US with the highest net worth - accounting for a third of world's growth
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