Top Tweets for #ModiSlump
I encourage everyone to read this series of 5 tweets. BUT, keep in mind the Arvind Subramanian discount. FY20 growth could be lower than official 5% estimate by up to 2.5 percentage points. #ModiSlump
1. India's premier statistics body, CSO estimates our GDP will grow this year @ 5%. As expected but we need to realize how grim this slowdown is. At 5% India is growing at its slowest pace since Lehman year 2008-09.
~@kaul_vivek: Non government part of the economy grew by only 3.05%.
Had public sector expenditure not grown by 15.6%, overall GDP growth would be well below 4.5%. Then take the Arvind Subramanian growth discount. That’s how bad things are. #ModiSlump https://t.co/IcW72x2OZs
One more indicator of serious economic distress. Combined with consumption and unemployment data, high frequency indicators, & tax data, the economy is in a tailspin. #ModiSlump
All-India power demand declined by a huge -12% YoY in October 2019.
Power demand fell across the nation with industrial states like Maharashtra (-22%), Gujarat (-22%) and Karnataka (-20%) leading the way.
Modinomics: Tax poor & middle class. Hurt farmers. Subsidise the rich.
It is unimaginable naivete that govt is planning to hike GST rates when India is in midst of a #ModiSlump driven by a demand slowdown.
https://t.co/9PNc4cSY1q
Re: #ModiSlump.
I wrote this in April 2018.
“Demonetisation’s adverse impact is likely not over. It may have scarred the Indian economy permanently. It was self-inflicted and that is the greatest tragedies of all.”
https://t.co/XyXyb7JSgY
Modi Sarkar's ONLY solutions to #ModiSlump are ROLL-BACK & COVER-UP.
Operation Roll-back by FM Sitharaman said sorry for misguided missiles in Budget.
Operation Cover-up sees loot of ₹1.76 lakh crores from RBI reserves to fill the huge revenue hole from flawed GST
#RBILooted
@rajeevgowda @narendramodi @INCIndia @BJP4India Of course, everything Modi does was already suggested by nehru. So the so called #modislump was also caused by nehru, no? 😁
My detailed, fact-filled critique of PM @narendramodi ‘s Independence Day address.
Glad he read @INCIndia manifesto & adopted the Chief of Defence Staff idea.
On Economy, I contrast his promises with the reality of the #ModiSlump
And more ...
https://t.co/VFjHtm1nTb
#ModiSlump: consumers thinking twice before buying a Rs 5 pack: Britannia
The FMCG players are seeing turmoil in the market, particularly in the rural markets, which is impacting the value segment, the main driver in the rural markets.
https://t.co/e3XsPYIcMr
Worst Downturn Ever For Indian Auto Industry, 350,000 Lay-Offs: Report
#IndiaDownturn
#IndiaSlowdown
#ModiSlump
https://t.co/FjnjxUg5V2 via @ndtv
India's automobile industry is witnessing one of the most severe slowdowns in the last 20 years. The current phase of decline is even worse than period of global slowdown of 2008-09 or 2011-12’s after shocks.
#Budget2019
#ModiSlump
https://t.co/S9eAH3AtM3
Lackluster festival season awaits India Inc, projections gloomy.
From toothpaste makers to truck manufacturers, all are facing the pinch of the decline in private consumption. It is resulting in capacity reduction and job cuts.
#ModiSlump
#EconomyInICU
https://t.co/0l8qPQlRPQ
Decline in auto sales hits the factory floor. More than one lakh temporary workers have been laid off in Tamil Nadu in automobile and related segments. Around 15 dealerships closed down in Chennai in the past 18 months.
#ModiSlump
https://t.co/zC7ZnSezvT
#ModiSlump: Maruti reports 22% drop in May sales at 1,34,641 units.
Domestic sales declined by 23.1 percent to 1,25,552 units as against 1,63,200 units in the year-ago month.
#AccheDin2
#JumlaSarkar2
https://t.co/pGS1uegdur
India GDP growth: economy slumps again as Modi begins second term.
India has surrendered the title of world's fastest-growing major economy to China, which grew at 6.4% in the same period.
#ModiSlump
https://t.co/OjuBYOc6a0
#ModiSlump: India’s GDP Growth Falls; at 5.8% in March Quarter.
GDP falls.
Unemployment rises.
And Modi wins.
Kuch gadbad hai.
#ModiSwearingIn
#ModiSarkar2
https://t.co/XGaSGgliEX
According to @FinMinIndia, the economy slowed down in FY19.
Reasons? Slow growth in investment, consumption & exports. What is left🤔
#ModiSlump
https://t.co/YjhTbHLiFo
RBI governor Das flags growth slowdown Viral Acharya advocates caution.
#ModiSlump
https://t.co/ZKVUeQaoQ7
Economy grim as major indicators drop.
Household savings lowest since 1997-98
Direct Tax collections down 50000 cr
Vehicle sales tepid
Even FDI has cooled. Certainly as a share of GDP.
The #ModiSlump continues.
https://t.co/TM542xB43T
God forbid #JetFisher!
Railway in mess.
Airlines in mess.
#ModiSlump has affected every sector.
Can’t fly beyond 60 days, Jet Airways tells staff
https://t.co/Y3zoPg3gV2
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