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>India has outgrown Bangladesh overall since 1980, but its growth has been less even, and looks to be hitting a serious slump in recent years Demonetization se
by ganeshkrishnan 5y ago
>India has outgrown Bangladesh overall since 1980, but its growth has been less even, and looks to be hitting a serious slump in recent years
Demonetization seriously messed up everything that could in a economy that runs primarily on cash. Around 90%+ of the indian economy runs on cash basis. Removing the rs 500 caused a panic in the streets.
Followed by the most botched GST implementation ever.
Followed by absurd NRC/CAA implementation.
And followed by the high handed approach of farming laws that severely disadvantages small farmers.
And taxing fuel to death. The prices of petrol in India is higher than in US, Canada or Australia. Also electric cars are not subsidized like what China did.
Now with covid: An abrupt lockdown that accomplished nothing.
And the worst move ever: Running an election campaign and organizing a festival of 12 million people all cramped up next to each other. Even without covid, Kumbh mela is famous for disease outbreaks.
Top it off by bullying any social media that dares question the government.
Yeah no. Not a serious slump. This is a slam in the wall move.
- xtreme 5y agoIs there any evidence to support that NRC/CAA and farm laws caused slowdown of growth? Or is it a laundry list of things that Modi government did so they must be bad?
- sbmthakur 5y agoRules are still being framed for CAA. Not sure how it's causing a slowdown in economy. https://economictimes.com/news/politics-and-nation/mha-gets-3-mths-more-to-frame-caa-rules/articleshow/83184759.cms https://economictimes.com/news/politics-and-nation/mha-gets-...
- statguy 5y agoNot to take anything away from Bangladesh, but the parent is correct. The current government in India has managed to self inflict multiple wounds on its economy, allowing Bangladesh to pull ahead.
- rishav_sharan 5y agoThe inept/non-existent Covid strategy that the Narendra regime worked with, has effectively ruined India's future. Even now, after so many deaths they have no coherent plan around vaccinating the Billion plus citizens.