RAKESH BHATIA

A RETIRED PROFESSIONAL AND IPHONE ADMIRER WITH STARTUP PHOTOGRAPHY

[RAKESH BHATIA @rmbhatia58]

Thank you @Niva_Bupa Health Insurance for quick claim process.

[RAKESH BHATIA @rmbhatia58]

@BOIndiaOfficial @PIBFactCheck @PIBHomeAffairs @PIB_India I have registered and recd QR code and asked advice on mail ID [email protected] on how to book the appointment for biometric ????

[RAKESH BHATIA @rmbhatia58]

ANUGRAH EDELWEISS NSE SCAM OF 1000 cr with no justice to the investors even winning the case at SAT in 2023 and now stuck at SC from 2026 NSE NSEL SEBI not concerned on delayed justice to investors and no penalty to Edelweiss @NSEIndia @SEBI_India @MLJ_GoI @FinMinIndia #scam

[RAKESH BHATIA @rmbhatia58]

@airindia Great experience of vistara flights ….hope the same will continue once vistara finally merges with air india from 2026 and continues the reward system and co branded credit cards with milestone benefits to the members

[RAKESH BHATIA @rmbhatia58]

@mahanagargas THANK YOU ….PL HELP WE ARE BACK FROM USA AND WITHOUT GAS CONNECTION….your team says 7-10 working days for reconnect….PL HELP
@ashu_shinghal
CA 210000822470 DOCKET NO 8783238
@mahanagargas

[RAKESH BHATIA @rmbhatia58]

@mahanagargas
CA 210000822470 DOCKET NO : 8783254…I have paid and requested for reconnect as we had been out of india…we are back and having hardship without the gas!!!…..pl help the reconnection immediately

[RAKESH BHATIA @rmbhatia58]

@ashu_shinghal Sir pl help I have requested for reconnect of MGL as we had been out of india i have paid and my request they say will take 7-10 days we are back and without gas !no other way to be in touch Pl help sir CA 210000822470 docket no 8783238
Rakesh Bhatia 9820032066

[RAKESH BHATIA @rmbhatia58]

GIFTDOORS IS A FRAUD ENTITY AND ABSCONDING | Review On G.. | Rating: (1/5)⭐ #MouthShut https://t.co/Mqal4SVbFI via @MouthShut

[Akshat Shrivastava @Akshat_World]

On the one hand we see 8.4% GDP
On the other hand we see record unemployment-- and highest ever wealth inequality in India.

So what's REALLY happening?

In simple words, the way we measure GDP is deeply flawed.

[And, I am quite surprised that no one actually educates people on such topics]

[1] India's unorganised sector is huge, compared to its organised sector.

The problem with measuring GDP is that: measuring the GDP from unorganised sector is tough, as there is no data.

For eg. while one could estimate how much a Rickshaw puller roughly makes; since the person might not file taxes (or might not even have a bank account), it is difficult to track the output of his/her business.

[2] So, organised sector growth rate is taken as a proxy for measuring the growth of unorganised sector.

[3] Interestingly, since the organised sector is growing from a "smaller" base, the growth rate is higher. Moreover, it is taking market share away from the unorganised sector.

While measuring GDP, if we assume that: Organised sector growth rate is let's say 8.5%

We also end up assuming that GDP from unorganised sector is 8.5% as well.

This is deeply flawed.

On top of this: post demonetisation the growth rate of the unorganised sector has dwindled quite fast.

In short: we are proxying the growth rate of unorganised sector (a slow growing segment) to the organised sector growth rate (which is a fast growth segment)

And, therefore there is stark difference between things "looking" good. And things actually being good.

[Akshat Shrivastava @Akshat_World]

India's GDP touches 8.4% mark. This is massive growth. But, again the devil lies in the details, so you need to know the following points:

[1] The consumption in India has been very weak.

For every 1Rs of investment, the consumption should typtically (overtime) be 3Rs.

Else, think about it: why would people/businesses invest?

The consumption growth rate currently has been around 3.5%.

According to Pronab Sen, Former Member, Planning Commission, the difference GDP growth rate & Consumption Growth rate, should NOT be more than 0.5%, for things to sustain.

[2] In simple words, without a healthy consumption, the growth rate in the economy can't sustain.

[3] There is a massive divergence between the GDP numbers and GVA numbers.

GVA= GDP + subsidies on products – taxes on products.

So as per this formula:
a. Our taxes have increased
b. Subsidies have been withdrawn

[4] Modiji's government has done a great job in terms of cutting subsidies. Now, depending on your economic/political school of thought you might consider this to be a good/bad move.

[5] But the way I see this: subsidies being withdrawn is NOT a bad thing. This in the future, leaves the scope for bringing down the tax.

[Not saying that the government will bring taxes down, ever. But, at least withdrawal of subsidies is in the right direction]

[6] Most of the growth has happened due to government spending.

Government spends money when they have the budget to do it.

Government already seems to have exhausted this budget. In 2024 interim budget, the government plans to bring down the fiscal deficit (which currently stands at roughly 6.5% deficit)

[7] This in simple term means: that government is going to spend LESS money now.

[8] For the GDP growth rate to continue the private consumption needs to pick up.

But, unfortunately the income gap between the rich & the poor has become so much that: the consumption "pattern" will struggle at least for a while.

Think about it again: if top 1% holds Nation's 40% wealth, how much of it will they SPEND? (i.e consume), they can't -- it will again be diverted in the form of investments.

This is the fundamental problem we are facing as an economy.

[9] Solution: get better high paying jobs. Large base of people earn more. They spend more.

Unfortunately, this is NOT happening.

[10] What creates more jobs? (or decent paying jobs in the economy?)

I would argue having some kind of competitive advantage.

We are a low income country right now, which is losing ground to even countries like Vietnam (when it comes to textile manufacturing). And, there seems to be no plan to counter even such things.

Our biggest advantage is our hard working population. But, this is only an advantage if people get decent jobs to begin with.

[RAKESH BHATIA @rmbhatia58]

Thank you @Niva_Bupa Health Insurance for quick claim process….the entire claim process with downloadable forms should be available on the app like STAR HEALTH….the time taken for final approval can be shortened to less than 30 minutes and not 2 hours #IRecommendNivaBupa

[RAKESH BHATIA @rmbhatia58]

Really appreciate smooth claim approval by @Niva_Bupa Health Insurance. ..cashless approval in less than 10 minutes!…AMAZING
https://t.co/Xl3qiwJCAG #IRecommendNivaBupa

[RAKESH BHATIA @rmbhatia58]

#iPhone #iPhone13ProMax #NatureBeauty #adiyogi #photograghy @Apple #ishafoundation

[RAKESH BHATIA @rmbhatia58]

#iPhone #iPhone13ProMax #NatureBeauty @Apple #photograghy #TajHotels #savoy #ooty

[RAKESH BHATIA @rmbhatia58]

#iPhone #iPhone13ProMax #NatureBeauty #photograghy @Apple #Ooty #TajHotels #savoy

[RAKESH BHATIA @rmbhatia58]

#iphone #iPhone13ProMax #NatureBeauty #coonoor #photograghy @Apple

[RAKESH BHATIA @rmbhatia58]

#iPhone13ProMax #iPhone #NatureBeauty #photography @Apple

[RAKESH BHATIA @rmbhatia58]

#iPhone #iPhone13ProMax #photograghy #NatureBeauty #Hyderabad #apple view of necklace road station at Hyderabad

[RAKESH BHATIA @rmbhatia58]

#iPhone13 @Apple #iPhone13Pro #NatureBeauty #photography

[RAKESH BHATIA @rmbhatia58]

@Apple #iphone #iPhone13ProMax #nature #sunrise #Mumbai #photograghy