Sumit Behl

Proud Indian 🇮🇳. Company Secretary, Private Banker, Cricket Enthusiast. Dhoni G.O.A.T ❤️ Nature Lover RT not endorsements🇮...... ARIJIT SINGH FAN

[Sumit Behl @sumitbehl]

As Indian athletes take the center stage to aim for glory, let us all #Cheer4India. We wish the Indian contingent an InCredible #Tokyo2020. @narendramodi @PMOIndia @KirenRijiju @radhikaz @IncredWealth #TokyoOlympics #Cheer4India

[Sumit Behl @sumitbehl]

On @narendramodi bday tomorrow, all #middleclass voters must greet & gift him by saying "Thank u, Please Leave Now, No More Vote to @BJP4India " for their #taxterrorism & due to extremely disappointed finance minister @nsitharaman #India is ruined badly by his policies. @RSSorg

[Sumit Behl @sumitbehl]

#BJP tujhse ber nahi, @narendramodi @nsitharaman ko 2029 mein vote nahi.....

[Income Tax Payers Forum (ITPF) @IncomeTaxPayers]

Dear @narendramodi ji, we demand resignation of Finance Minister @nsitharaman for imposing Transaction Fee on UPI. Income Tax Payers are getting squeezed in all aspects. This will impact Digitization initiatives of the Govt. Please protect Tax payers of the country.

[Sumit Behl @sumitbehl]

@AsYouNotWish @PMOIndia and @FinMinIndia

[Sumit Behl @sumitbehl]

@nanditathhakur Mr @narendramodi is a big failure for Indian satisfying Indian Middle class, controlling economy, managing corruption. Na khaoonga no khane doonga He said, must visit his own cities authorities to see ground situation. I have everytime voted 4 @BJP4India but now no more. Fed up

[Sumit Behl @sumitbehl]

Am I the only one who now changes channel as soon as @narendramodi starts speaking . Fatigue or saturation or fed up of utter nonsense with doomed economy....

[Sumit Behl @sumitbehl]

Ladli Behna in US 😄😄

[Bull Theory @BullTheoryio]

BREAKING: 🇺🇸 President Trump says every adult US citizen will receive a $5,000 "dividend" if Republicans win the midterms.

With around 245 million adult citizens, the plan could cost roughly $1.2 TRILLION.

For perspective, that’s more than America spends annually on interest on its national debt and roughly 16% of the entire federal budget.

[Sumit Behl @sumitbehl]

I am surprised by the silence of @FinMinIndia @nsitharaman @narendramodi on not only falling but badly underperforming Indian Stock Market with Chest Thumping GDP. I mean why don't they accept mistake they have messed up badly & they need to course correct fast. @_anujsinghal

[Sumit Behl @sumitbehl]

Stock market is showing real #GDP to @narendramodi @BJP4India @FinMinIndia @nsitharaman @SEBI_updates . Too much regulations, too much taxes, too many unprepared rules applied. Markets are supreme and they don't spare you. Public nahi hai jo bewakoof ban jaayegi....market hai

[Sumit Behl @sumitbehl]

@KiritSomaiya It's been 5 days still @SEBI_India is extremely silent on CAS....I mean what more consultation one require to roll back it....why have an ego to take back a step for the betterment of Indian markets

[Sumit Behl @sumitbehl]

Indian Stock Market is showing real GDP to @narendramodi @nsitharaman @PMOIndia @AmitShah @FinMinIndia . Markets are supreme judge. Nothing is hidden from them how much u manipulate the base.

[Sumit Behl @sumitbehl]

@narendramodi @nsitharaman @AmitShah if you are so thumping ur chest on 7.8% #Q1GDP then y is that so Sensex since 697 days has not seen new all-time high. Just to remind u this is 4th longest pause of 21st century and probably the 1st in History. Can't hide behind Crude always.

[Vikas Vij @TheClubJunto]

GDP: Dr. Arvind Subramanian Delivers a Body Blow to the Official Narrative

(a) Govt has created a fundamental trust deficit (b) GDP numbers are disconnected from reality (c) Why macro-indicators were poor in the past, yet GDP was high?

The GDP Challenger Is Here

For years, former CEA Dr. Arvind Subramanian has been a powerful voice questioning the credibility of India’s GDP numbers.

Having examined India’s growth data under the microscope for over a decade, Dr. Subramanian’s commentaries on the subject carry unusual weight.

Today he enters the ongoing GDP debate along with Abhishek Anand and Josh Felman.

EXCERPTS:

Govt is Correct on Face Value

The Ministry of Statistics (MoSPI)’s argument is correct on the technicalities. GDP numbers of Q1FY27 (new base, new methodology) cannot be compared to Q1FY26 (old base, old methodology).

But then why are people doubtful?

Govt Faces Trust Deficit

a. Govt’s handling of data has created a fundamental trust deficit. During the demonetisation shock (86% cash withdrawn) in 2016-17, the official data showed GDP has risen to a dizzy level of 8.2%. That was the beginning of distrust.

b. Examples: The census has been delayed. The 2017 consumption survey was withdrawn. Covid deaths were significantly understated. Open defecation related claims were exaggerated.

c. With this track record, the public has become doubtful about the govt’s claims. The burden of proof has passed on to the govt to demonstrate the integrity of its data.

d. Govt has still not explained why Q1FY26 GDP was revised down by 7% (an extraordinary revision compared to historical data.)

e. Govt has not released a long back series to explain this revision. Unusually, the govt has not even announced the standard committee to calculate this series.

Decoupled from Ground Reality

a. During the quarter of 7.8% GDP growth (Q1FY27), April and May 2026 were months of shortages.

Fuel was being rationed, travel was subdued, restaurants & other businesses were buying LPG in black, wage & employment had slowed, stock market was sagginng, and currency had crumbled.

b. It is hard to understand how the economy could have done so well in the face of the global energy shock.

Despite fiscal stimulus and increase in exports, the damage from 32% jump in import bill was far greater. That was the RBI’s view, which had estimated that the economy had slowed in Q1FY27.

c. In these circumstances, it would have been impressive if India had merely managed to sustain its previous growth rate. But when the numbers came in, the GDP had accelerated by almost full one percent to 7.8%.

d. More Unsolved Puzzles: If the economy was booming, why did nominal net GST revenue grow just 5% (even allowing for GST rate cuts)?

Why did import volumes fall? How could mfg deflator be negative when RBI data shows business margins actually improved?

e. Govt should release the complete “Sources and Methods” document, which details how GDP is calculated and revised.

This document exists, and it has always been released in the past. Let independent economists examine the document and reassure the public about the govt’s data.

The Final Question

The govt and its supporters argue in favour of Q1 GDP growth of 7.8% citing strong macro-indicators.

If these macro-indicators have led to 7.8% GDP growth, how was 7 to 8% GDP growth achieved in the past years with several much weaker macro-indicators (notably, sales, trade, electricity, investment)?

You cannot use one measuring tape for today, and another measuring tape for the past to suit your convenience.

Data and charts are available in Dr. Subramanian’s published paper @arvindsubraman

@arabicatrader

[Sumit Behl @sumitbehl]

@TawdeVinod before meeting anyone else, have meeting with your MLA, MPs especially of #GautamBudhNagar and @OfficialGNIDA @CeoNoida who has ruined the cities with horrible road construction qualities, cleanliness issues etc. they have made sure that @BJP4UP doesn't win this time

[Sumit Behl @sumitbehl]

@SEBI_updates @FinMinIndia has a job in their in month of Sept.... removing #CAS ill effects, bring back volumes, traders respect, F&O, Cash Segment sanctity back and now @NSEIndia IPO. Hope the wise minds do the job nicely else old track record of this Govt is not so encouraging

[Sumit Behl @sumitbehl]

In quest of doing better or something new the Indian beaurocracy and Indian Govt forgets to analyse the implications. When regulations fall flat or starts biting then suddenly they fall like pack of cards @PMOIndia @narendramodi @AmitShah is this how an intelligent govt works?

[Sumit Behl @sumitbehl]

Issue with Indian Stock Markets underperformance is not corporate earnings, not GDP, not that suddenly DIIs have stopped buying BUT regular changes in policies,rules,regulations that doesn't allow system to work.Y would 1 invest in country that is too vulnerable on their policies

[Sumit Behl @sumitbehl]

Issue with Indian Stock Markets underperformance is not corporate earnings, not GDP, not that suddenly DIIs have stopped buying BUT regular changes in policies,rules,regulations that doesn't allow system to work.Y would 1 invest in country that is too vulnerable on their policies

[Sumit Behl @sumitbehl]

I appeal to traders n investors not to be so happy with @SEBI_updates bringing consultation paper on #CAS . Till you see the final paper with firm regulations which don't hamper retail and others, dont believe. This is @narendramodi govt and it's beaurocrats. They show lollypops

[Sumit Behl @sumitbehl]

@gurjota Don't be so happy bhai.....Yeh IAS lobby hai + Modi Govt....Gimmick karke small change kar denge aur kuch nahi

[Sumit Behl @sumitbehl]

@IRITA_india @SEBI_India Institutions like @Sebi, @PMOIndia , @FinMinIndia must be ashamed of such repeated humiliations they bring to their office. First they cut copy paste and then they take a back step. Horrible situation with Modi Govt. Hope 2029 @narendramodi is not reelected.