Opinion

Is India really changing under Prime Minister Narendra Modi?

On one side of the spectrum there are Bhakts who automatically think using Euclid’s “Common notions” (if a=b and b=c hence c=a)

And then on the other side of the spectrum are those who loathe Modi, whom the former extremists call Congress supporter, aaptard, Pappu ka chamcha, Kejri ka chamcha, anti-Hindu, sickular, terrorist, Pakistani, Italian, etc.

To both those highly disillusioned people of the two extremes, I would like to draw some sort of balance by showing them if Modi is doing well or not based on the following 8 key indicators

  • GDP Growth: One of the primary indicatorsused to gauge the health of a country’s economy. Bigger the number, better the economy.
    • Before Modi: 6.6%
    • After Modi: 7.6% (Win)
  • Consumer Inflation:Defined as an increase in the overall price level. A consumer facing inflation that occurs at the rate of 10% per year will able to buy 10% less goods at the end of the year if his or her income stays the same. Smaller the number, happier the consumers
    • Before Modi: 9.46%
    • After Modi (or I should say Raghuram Rajan): 4.91% (Win)
  • Rupee against dollar: Appreciation of Rupee against dollar brings down the cost of all imports like crude oil, gold etc and is a sign towards its economic prosperity and augmentation (even though it has some adverse impacts on the exports)
    • Before Modi: -9.4%
    • After Modi: -5.7% (Appreciated i.e. Win), one of the reasons why fuel prices are down.
  • Sensex Performance: Healthy Sensex can create a sense of confidence about the direction of the economy. As prices continue to rise, more investors come into the market, which builds on the momentum. Falling sensex have the opposite effect. People feel pessimistic about the economy. People hold back on their spending, especially on nonessential items. This slows down economic growth because consumer spending is a key component of the gross domestic product.
    • Before Modi: 18.7%
    • After Modi: -9.7% (Unhealthy i.e. Loss)
  • Industrial Production Growth: Growth is related to consumer demand for the new products or services offered by the industry. Higher growth means more consumer demand meaning more surplus money.
    • Before Modi: -0.10%
    • After Modi: 2.40% (Win)
  • Home Loan Rate:The lower the interest rate, the more willing people are to borrow money to purchases houses. When consumers pay less in interest, this gives them more money to spend, which can create a ripple effect of increased spending throughout the economy.
    • Before Modi: 10.25%
    • After Modi: 8.55% (Win)
  • Foreign Direct Investment (FDI): FDI offers a source of external capital and increased revenue. It can be a tremendous source of external capital for a developing country, which can lead to economic development, also resulting in new jobs leading better employment rate and conditions.
    • Before Modi: $24.3 billion
    • After Modi: $40 billion (Win)

Besides, the aforementioned economy related growth, Modi sarkar has started many new initiatives to name a few –

  • Jan Dhan Yojana: Anyone can now open an account in a bank
  • LPG subsidy reforms: Barring LPG subsidy to customers who earn more than Rs. 10 lakh per annum. The amount saved was used to give over five lakh new LPG connections to those who still use firewoods or kerosene stoves for cooking.
  • Swachh Bharat Mission: Cleaning India, building more toilets, waste management and waste segregation.
  • India-Bangladesh land boundary agreement: Bringing an end to one of the world’s most difficult border disputes that has kept thousands of people in stateless limbo for almost 70 years.
  • Real Estate regulation: Apart from making the process transparent and keeping checks and balances in the form of a Real Estate Regulatory Authority, the lawdrafted by Housing Ministry headed by M. Venkaiah Naidu gave confidence to home-buyers.

The rest include: Ganga Rejuvenation, One Rank One Pension Scheme, Make in India, Digital India etc.

“A man has been working in the South Block, New Delhi for the Central Government for the last 25 years. When asked whether things have changed after 2014 elections. This is what he replied:

He told that previously there was a culture among some Secretary level officers, not to come to office on time. Even after coming, they used to keep their work pending.

In case of urgency, there was a culture to sit late in the office. During late sitting, they used to order their dinner from “Hotel Le Meridian” @ Rs 1300/- per plate. Though there were hardly 15 people present in the office, yet food used to come for about 30 people. (including for the family members of those so called Secretaries).

In the next day morning, their bills of Rs 39,000/- for last night dinner used to get passed instantly. That was the kind of wastage of public money by these officers during the Congress led U.P.A government. Now, if someone has to sit late at office, their food comes from their home.

Previously there was a habit of spending public money on changing furniture, curtains and furnishing of office. Now, P.M. has instructed that no furniture and curtains would be replaced before 7 years and no furnishing allowed before 11 years.

Now, no file can be kept pending for more than 7 days. Otherwise direct P.M.O. starts enquiries. P.M. takes class to his Ministers at around 6:20 AM whenever necessary. P.M. Modi ji gets up daily before 5 AM and throughout the year he reaches office before 9:20 AM.

In planning commission’s canteen, delicious food is now available from Rs 60 to Rs 175. Daily at 10:10 AM all attendence sheets are dispatched to Prime Minister Office.

Kaaju- Kishmish Milk culture in Central Government Ministries has now been stopped by our New Prime Minister.

After 2014 elections, Central Government’s revenue has increased by approximately 17%, due to above mentioned measures. Expenses have been curtailed by our Prime Minister.”

Other savings:

1. India to stop thermal coal import, save 40000 cr

2. 3.4+% dip in urea import, India saves thousand of crores: ET Newspaper 14 April 2016

3. Successful and Transparent coal auction benefits India with 3.35 lakh cr

4. Parrikar finds $3 bn lying forgotten in US account : Business Standard.

5. Foreign exchange earnings (FEEs) from tourism have also shown a healthy increase of 13% from Rs 12,100 crore in January 2015 to Rs 13,669 crore this year 2016.

6. More than 8 crore LED Bulbs distributed under Ujala Scheme. Over 2.6 crore Indian Homes Switch to Energy Efficient LED. The country also stands to save Rs. 40,000 crore in electricity bills of consumers: PIB

7. India saved Rs 15,000 crore on cooking gas subsidy through DBTL : Business Standard

8. Modi Government May Save Rs 88,800 Crore This Year From Cheaper Crude Oil Prices : ibtimes

9. LPG subsidy in bank accounts has saved Rs 15,000 crore: ET

These are the kind of things that are never shown in the media. We need to make more and more people aware of these things.

I leave the rest to your kind judgement.

Disclaimer: I am not a Modi Bhakt, but I do feel Modi is creating a true sense of optimism in the minds of the countrymen.

 


Abhi Bhatia

Tags
 
FOR DAILY ALERTS
 
Close