"If economy is growing at 7.8% why is the PM asking us not to travel abroad, not to buy gold, not to have foreign weddings etc"
Let me explain: East Asian nations (Japan, Taiwan, South Korea and later China) all went through a phase of rapid GDP growth combined with the need to conserve foreign exchange. Here is why that happens.
1. Our economy is growing at a good rate but we still have an import dependence, in both energy and in technology. In fact, the faster the economy grows, the greater the need for both energy and technology inputs.
2. To balance that import dependence, we have to export more and our exports are surging. However, even our exports need advanced technological inputs (precision machines, materials, CPUs, GPUs, advanced software etc) that we need to import today.
3. Catching up in all of these areas takes time, often measured in decades. We have made a good start but we need time.
Look at how long it took East Asia to catch up with the West. Their economies were growing rapidly even as they worked hard to conserve foreign exchange.
That is exactly what our government is trying to do.
Once we gain competence in all the advanced technlogies, and achieve energy independence through renewable energy that we develop the technology for, we would no longer need to conserve foreign exchange.
The situation is similar to a fast growing company that needs capital to grow. So it has to conserve capital to invest in growth. Our nation needs to conserve foreign exchange likewise.
Oh, clowns! 🤡
If you think BJP IT Cell is hired like this, then we’re proud of it. Every game in RSS Shakhas builds fitness, discipline and teamwork.
And we all know how Congress IT Cell and its functionaries are “hired” through your party’s “traditional family business model” and those other special “qualifications” that everyone already knows about.
😉🍻💃
Shut up, you clown @INCKerala. 🤡
It’s GDP, not your traditional Bar & Beers business.
We’re here to serve the people, unlike your business of serving ALCOHOL and then...
#IYKYK
Number of times the PM visited the North-East :
Manmohan Singh
8 visits in 10 years
Narendra Modi
78 visits in 12 years
Interestingly, Manmohan Singh was also a Rajya Sabha Member from Assam.
𝐖𝐡𝐞𝐧 𝐚 𝐧𝐞𝐢𝐠𝐡𝐛𝐨𝐮𝐫 𝐢𝐬 𝐢𝐧 𝐧𝐞𝐞𝐝, 𝐈𝐧𝐝𝐢𝐚 𝐚𝐜𝐭𝐬. 🇮🇳🇳🇵
A second IAF flight has departed with 37.5 tonnes of critical HADR supplies, medicines and food packets for flood-hit Nepal. From the skies to the ground, India stands with Nepal through every step of the relief effort.
𝐓𝐡𝐢𝐬 𝐢𝐬 𝐍𝐞𝐢𝐠𝐡𝐛𝐨𝐮𝐫𝐡𝐨𝐨𝐝 𝐅𝐢𝐫𝐬𝐭 𝐢𝐧 𝐚𝐜𝐭𝐢𝐨𝐧. 𝐓𝐡𝐢𝐬 𝐢𝐬 ‘𝐕𝐚𝐬𝐮𝐝𝐡𝐚𝐢𝐯𝐚 𝐊𝐮𝐭𝐮𝐦𝐛𝐚𝐤𝐚𝐦’. 🇮🇳
I remember Bollywood queuing up to offer condolences and help to Pakistan after one of their tragedies....
I remember their nonstop tears for Gaza as well....
None of them spoke a word about the Nepal tragedy, which is bigger than those...
We all know the reason.
A second flight has just taken off, carrying 37.5 tonnes of HADR material, medicines & food packets for Nepal.
India remains in close and continuous touch with the Nepalese authorities. We will continue to strongly support the ongoing relief efforts.
🇮🇳🇳🇵
The amount Rahul spent on his Thailand visit, if Congress had invested even 2% of it in Goa Congress, these guys would have at least had an office here. 😂
They wouldn’t be this jealous of our new Bhavan.
Anyway, Goa was never a serious state for Congress. And obviously, you can’t compromise on Rahul’s Thailand plans just for the party’s Goa unit. 😂🙏🏻