Manish Tewari, Mudi shud rejine.
Debt/GDP in 14 = 52% odd Debt/GDP in 23 = 57% odd
Plus new highways, airports, education institutes, freight corridor, food guarantee for 800 million, etc.
What exactly is the problem in using leverage to optimally leverage your balance sheet?
The only intergenerational equity thats being eroded over time is with the owners of the Congress party.
Politics apart, are you happy with Bharath's progress in the last 10 years. Including per capita GDP, rate of income inequality, public transport including trains, corruption, sale of elected representatives etc?
Absolutely happy.
Nations take decades to build. And we have an especially complex one. There are a ways to go still - till we reach and then break out of the middle income trap.
We haven't regressed on any significant parameters - financially we're better off - the country's balance sheet is strong, infrastructure investments are bearing fruit, we are finally a single market, regulations are easing off, legal simplification is ongoing, defense modernisation is significant, better placed geopolitically, etc.
Debt number is meaningless. Check Debt by GDP. Compared to other nations, we have managed it really well. One thing which BJP has done really well is manage fiscal deficit really well. Even in the states they have governed.
Congress state government bringing back OPS for govt. employees is the worst fiscal decision for this country for non-govt. employees.
Check Debt/GDP numbers for Congress, WB, Kerala, TN. BJP govt. has been responsible in this aspect.
The Debt/GDP ratio matters as it provides a relative measure of a country's ability to pay back its debt. However, the overall debt level is crucial because high debt, even with a favorable ratio, can still pose risks.
Economic theory suggests that a balanced approach, considering both ratio and absolute debt, offers a more nuanced understanding of a nation's fiscal health. Policies affecting specific groups also need scrutiny for their wider socio-economic impact, ensuring a more comprehensive assessment.
Criticizing the return of OPS requires considering broader consequences and potential trade-offs beyond debt metrics.
Sir, in sb cheezo ke liye padhna padta hai economics achhce se, Youtube, newspaper,whatsapp or instagram ki knowledge hi nhi kaam deti, then only you can understand what economic ratios imply.
Yeah 80% plus for years now. Not a good sign
In the comments,' nationalist' & 'DeVeLopMenT" party enthusiasts showcase a charming blend of naivety and an impressive lack of economic savvy. These kids skipped the economics class, opting instead for confirmation bias and tossing around random correlations. Hehe, I don't have crayons to explain it to them!
Iam intrested in it can u explain, if indian growth story is real. Can you explain in laymen terms.
@Ajmonk96 this might help for a layman explanation, sorry for the long read though; https://www.theindiaforum.in/economy/state-indian-economy-today-what-numbers-actually-say
I don't support any political party at all (consider them all as idiots). Speaking from a self proclaimed neutral stand point, debt is not necessarily a bad thing. That the middle class mindset. Please check developed countries debt once. Also, most of it is internal debt, which can be repaid by just printing more money (harming economy, which can be affordable once we read 15-20 trillion GDP).
Yes, Do you believe that debt is well spent? Do you get direct or indirect benefits out of it?
Also if all political parties are idiots, why are they getting elected again? Does that mean people are idiots too ?
debt is not bad, if it helps us improve. have driven on alwar - delhi section of the Mumbai Delhi expressway, can see the trucks moving faster, improved logistics. apart of physical stuff, from health of psu banks to electricity discoms alot has been fixed by policies of current govt. If these guys remain in power for long enough they'll make even railways profitable.
Just for example, sometime around in 2010s
the genius who made law for infinite restructuring of corporate loans without any major impact to borrower, basically gave free money glitch to bad actors which eventually had 2nd , 3rd order effects messing up low margin manufacturing industries.
But finally this has been fixed to a certain extent.
Was that Pranab Mukherjee you were referring to?
You can't put a name on it, must be an collective decision coming in sync with top, no?
What matters is whatever blackmagic was hacked up as temporary measure to subvert the 2008-09 breakdown, only delayed and ballooned the rot 4-5 years later.
This is just an single major thing that was fucked up by prev govt policies,
I'm ok with them taking debt to build infrastructure. Just stop wasting it on useless statues and yojnas
The way u take home loan and car loan, government also does.
Replace home by infrastructure and car by social welfare schemes.
I agree with the debt/GDP ratio but why give free food? Making the lower class paralyzed by this and other freebies of free money, free food, free electricity, free transport etc and by all parties not just BJP
Jo karna hai Kar lo, ayega to fir se Modi hi
Debt is not a problem if it's used judiciously and used to create assets that help either with revenue generation or bring efficiency. But if it's used to give freebies then it's not a judicious use.
Going through the comments people discussed various topics out of which I would like to mention my views about couple of these.
Free grains distribution. - ground report from my own Village as per my extended family. People receive ultra cheap or free grains but next day there are middle men in the village buying the same from them for 16-20 RS per kg. Then selling them in market at 40-50 RS per kg. Who is responsible for this? Is it govt. Only or people as well? Govt. Should Target right people for benefits rather than this sort of blanket schemes.
NPS vs OPS - it was brought in for people getting hired after a date I don't recall it exactly but it was around 2003-2004. So clearly as per benefits and terms of the job people were aware before applying for the jobs.
If they were having so many issues they should have looked at some other jobs rather than doing dharna after agreeing to the job conditions at the time of hiring/joining. OPS should be only for people who were in job at the time of transition only. New hires should be clearly told that this was part of job conditions at the time of hiring and if they have problems they were free to look for other jobs and they are free to resign from job now as well but this bring back OPS shouldn't be tolerated.
Any political party bringing this back is only going to harm the country in long run.
Seeing a lot of posts on profitability of startups and I'd like to burst some bubbles.
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