红火树 RedFireTree
WION
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Comments by "红火树 RedFireTree" (@firetree2007) on "PM Modi arrives in Singapore for two-day visit | Ukraine Foreign Minister quits | WION Headlines" video.
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Under Modi, instead as he promised to make manufacture of India in GDP from 16 % to 22% by 2022, it is actually dropped from 16% to 13%, instead as Modi promised to create 100 million jobs in manufacture, from 2017 to 2021 India manufacture lost 24 million jobs, the US WSJ just published an article, "India Wanted a Manufacturing Boom. Its Workers Are Back on the Farm Instead."
now the total employed population in India dropped from 52% to 46% under Modi
with so called "fastest growth" as boasted by Modi government, the gap between India and China actually enlarged.
in 2014, India GDP was $2 trillion, China was $10 trillion, difference is $8 trillion, in 2023, India GDP is $3.57 trillion, China is $17. 7 trillion, the difference is $14.13 trillion
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@shrikantrajput2265 In economics, he essentially fooled the Indian people by manipulating GDP data to inflate it with absurd numbers, making it appear as the 'fastest growth in the world.' He simply borrowed money to invest in infrastructure projects, such as building roads and airports. As an IT graduate with a master's degree from a place 50 km from Delhi said, he can see a new road running in front of his home, but he still cannot find a job.
The lack of jobs is the most serious problem in India. Among 950 million working-age people, only 50% have jobs. As bleak as this statistic is, the reality is even worse. According to the Periodic Labor Force Survey, nearly half of these workers are self-employed, a category that includes 'unpaid helpers in family enterprises' (Harvard Business Review, Bhaskar Chakravorti, July 19, 2024).
No jobs mean no income, no income means no spending, no spending means no consumption, and no consumption means no growth. This is now becoming evident in India. The government cannot continue borrowing money indefinitely to build infrastructure that does not generate quick returns. Without sustained growth, the growth rate will inevitably drop—this is a simple reality that is happening right now. Ironically, India is the largest borrower from the Asian Infrastructure Investment Bank (AIIB), a bank established for China's Belt and Road Initiative (BRI), even while claiming that the BRI is a debt trap. India has essentially put itself into this trap and now must pay off interest just like the other borrowers it criticized for falling into China's so-called debt trap.
However, he doesn’t seem to care and just flies around.
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@shrikantrajput2265 Under Modi, instead as he promised to make manufacture of India in GDP from 16 % to 22% by 2022, it is actually dropped from 16% to 13%, instead as Modi promised to create 100 million jobs in manufacture, from 2017 to 2021 India manufacture lost 24 million jobs, the US WSJ just published an article, "India Wanted a Manufacturing Boom. Its Workers Are Back on the Farm Instead."
now the total employed population in India dropped from 52% to 46% under Modi
with so called "fastest growth" as boasted by Modi government, the gap between India and China actually enlarged.
in 2014, India GDP was $2 trillion, China was $10 trillion, difference is $8 trillion, in 2023, India GDP is $3.57 trillion, China is $17. 7 trillion, the difference is $14.13 trillion
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In economics, he essentially fooled the Indian people by manipulating GDP data to inflate it with absurd numbers, making it appear as the 'fastest growth in the world.' He simply borrowed money to invest in infrastructure projects, such as building roads and airports. As an IT graduate with a master's degree from a place 50 km from Delhi said, he can see a new road running in front of his home, but he still cannot find a job.
The lack of jobs is the most serious problem in India. Among 950 million working-age people, only 50% have jobs. As bleak as this statistic is, the reality is even worse. According to the Periodic Labor Force Survey, nearly half of these workers are self-employed, a category that includes 'unpaid helpers in family enterprises' (Harvard Business Review, Bhaskar Chakravorti, July 19, 2024).
No jobs mean no income, no income means no spending, no spending means no consumption, and no consumption means no growth. This is now becoming evident in India. The government cannot continue borrowing money indefinitely to build infrastructure that does not generate quick returns. Without sustained growth, the growth rate will inevitably drop—this is a simple reality that is happening right now. Ironically, India is the largest borrower from the Asian Infrastructure Investment Bank (AIIB), a bank established for China's Belt and Road Initiative (BRI), even while claiming that the BRI is a debt trap. India has essentially put itself into this trap and now must pay off interest just like the other borrowers it criticized for falling into China's so-called debt trap.
However, he doesn’t seem to care and just flies around.
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