Yes sir, real growth is zero and net direct tax collections are up around 23% for the fiscal year to date :)
That is incredible tax buoyancy with a flat stock market. I am waiting to see what happens when there is real growth and a rising stock market.
Maybe our net direct tax collections will double every year!
More evidence that Subhash Garg is a fool, not evil
First he said GDP growth is 2.6% (btw, that was nominal growth 2.6%, so real GDP growth would be 0 or negative)
Now he says at least 5%
5, 2.6, 0: all numbers are same to him
A poor fool who really doesn't know better
I keep making this very important distinction:
Garg is some low IQ babu
Raghuram Rajan is an engineer from IIT!
Garg is dumb.
Rajan is acting dumb.
The UPA Finance Minister and his Chief Economic Advisor @kaushikcbasu pressurised me to present rosier estimates of growth and inflation, telling me that the RBI must project a higher growth rate and a lower inflation rate to shore up sentiment. - Former RBI Governor D Subbarao
कर्नाटक के बागलकोट में सरकारी स्कूल की छत गिरने से 6 बच्चे घायल हुए, माता-पिता पहले से जर्जर बिल्डिंग की शिकायत कर रहे थे। ये हाल कांग्रेस शासित राज्य का है।
इससे जुड़ा एक तेज़ पोस्ट ये बना सकते हो:
@Cockroachisback@abhijeet_dipke@AshutoshRanka@SauravDassss
रोज़ स्कूलों पर ज्ञान बाँटने वाले कॉकरोच जनता पार्टी के अभिजीत दीपके, आशुतोष रांका और सौरव दास अब कहाँ गायब हो गए?
बागलकोट (कर्नाटक) में सरकारी स्कूल की छत बच्चों के सिर पर गिर गई, 6 छात्र घायल।
कांग्रेस राज में स्कूल जर्जर हैं तो मुँह सिल लिया क्या?
प्रोपेगेंडा सिर्फ भाजपा राज्यों के लिए रिजर्व है क्या?
#SchoolThikKaro सिर्फ तभी चलता है जब सत्ता में अपने विरोधी हों?
कांग्रेस की नाकामी पर चुप्पी क्यों?
बोलो @abhijeet_dipke , @AshutoshRanka , @SauravDassss — बच्चों की सुरक्षा का मुद्दा पार्टी लाइन से ऊपर है या नहीं?
इसे थोड़ा और छोटा या तीखा बनाना हो तो बता देना।
#SchoolThikkaro
#CONGRESS
#BJP
#ZENZ
#STUDENTS
@maximusindicus You want to know why it was 2011-12 for so long? Listen to this. I am ignoring your mental slave comment and engaging in good faith. One more name calling and good bye!
Indeed shocking. I am not even getting into the direction of his views or intent post his exit from the Govt. I am no one to comment on that. Limiting to why I disagree with his 2.6% calculation.
His whole argument is based on "if you had not revised the last year's GDP... the growth would have been 2.6%". Probably, the only point everything else is built on.
The ₹86.05 lakh crore figure for Q1 FY26 that Mr Garg quotes (correctly) was published under the old series in August 2025. The base-year revision subsequently changed. That ₹86.05 lakh crore figure got revised to ₹80 lakh crore under new series.
Mr Garg compares nominal GDP of ₹88.27 lakh crore in Q1 FY27, calculated under the new 2022-23 base-year series, with ₹86.05 lakh crore for Q1 FY26, calculated under the old 2011-12 series!!! He gets 2.6%. That is comparing apples and oranges.
If you want to calculate a growth rate, the numerator and denominator have to be comparable. Basic arithmetic. This is not even a complex economics or statistics issue.
There is also a suggestion that this was somehow done clandestinely to make Q1 FY27 look better. But the new 2022-23 GDP series was released in February 2026, not yesterday morning. The methodology and revised historical series have been available for months.
An economy growing at 2.6% will NOT have auto sales growing at 25%plus, manufacturing growing at 9%, services growing even higher! The HFIs do not prove 7.8% by themselves, but they certainly support a 7.8% growth narrative far more plausibly than a 2.6% one.
One can disagree with the GDP methodology, question the estimates, or argue that the new series overstates growth. All fair arguments. But comparing GDP numbers from two different series and deriving a growth rate from them is simply not a valid calculation.
This is shocking 🤯
Former Finance Secretary Subhash Garg has said that the real GDP is around 2.6% and nowhere close to 7.8% as reports suggest
Journalist tried a lot to downplay him but he didn't take a step back
Admirable patience shown by experts like Ajay to dismantle the utter nonsense being propagated by this clown streaker-bureaucrat who was discarded from office…
A new word for these clowns: streakercrats.
After making entire Congress lying machine say growth is 2% with childishly wrong calculation, now Garg says growth is atleast 5%.
This man who can't keep to one argument for even one day was finance secretary. Kudos to Modi govt for kicking him out.
India has run a current account deficit in 22 of 23 years. Since 2020 it has absorbed five external shocks - a pandemic, a supply-chain crunch, a European war, a tariff wave and a Gulf war - and the deficit has not once passed 2.2%. https://t.co/WazhFmkHz5
This is actually one of the most important reasons to vote for BJP.
India was behind Somalia in 2000 in sanitation access ... but nobody had any clue ... Cong was getting praise for 50 years...
BJP performance is dissected in 100 ways daily.
WE ARE JUST 21K FOLLOWERS AWAY FROM 100K
Jhooth ki Goonj is on track to become the fastest growing fact checking platform to reach 100k followers.
Forever GRATEFUL for all the love and support 🥹❤️
This reminds me
This is how chamchas like Amartya Sen would fall at feet of UPA.
Back in 2013, Sen would say almost any growth in India is good
Because Europe is growing at 1% or so
Imagine the mockery if Modi sarkar tried this argument today...
Raghuram Rajan’s primary blind spot was the inability to understand how countries move up the value chain. He used to mock a lot of assembly and packaging work as “screwdrivergiri”.
What he failed to understand was that it’s a critical first step to moving up the value chain in a niche. You can’t have high margin industries pop up out of nowhere.
So Raghuram Rajan thinks India does not need to make semiconductor chips because these can be smuggled in from abroad
Total mental disintegration of another critic of PM Modi
Rajan is now fully qualified for a nobel prize in economics
I am not joking...
First in my bloodline to hear an economist and former RBI Governor say this 😭
His simple logic: “Why build a large semiconductor factory when chips are so small? Just smuggle them”