Friday 28 March 2014

Is That So?...........Hame To Pata Hi Nahi Tha


Our Lier No. 2 is Mr. Narendra Modi. his followers always say that all you got to talk against him is 2002 riots. So this time I will not utter a word about riots. After all we are a progressing nation we should look FUTURE not the past. RIGHT?

One aspect which even his critics agree is the development. The splendid economic growth of Gujarat compared to other states. 

The Gujarat Model of governance, The Gujarat Model of growth. Development oriented mind set of Modi and the way he works towards improving the economy.

That is wonderful. But being a cynical INDIAN from childhood. I doubt. so I investigate.

Lie No. 1

7936 MoUs, worth Rs.20.83 Lakh crore (450 billion US Dollars) signed at Vibrant Gujarat 2011

http://www.narendramodi.in/7936-mous-worth-rs-20-83-lakh-crore-450-billion-us-dollars-signed-at-vibrant-gujarat-2011-%E2%80%93-hon%E2%80%99ble-cm/

OMG.... I am a small person mostly deal with 100s and 1000s $450 billion doesn't make much sense to me 
so I tried to compare it with other figures.

Total FDI of INDIA in 2010-11 is 30.38 billion
Gujarat share in FDI -- 2.38% ( gateway to India as claimed by MODI)
Maharasthra FDI share ---40% ( if gujarat is gateway of India than maharasthra is  ( 30 gateways to INDIA)

From 2000-2011 ( so called glorious period golden age for Gujarat MODI's age) total FDI investment in Gujarat is ------------- $7.2 billion.

now I realize that this $450 billion is actually 1/3 of total India's GDP which is $1.87 trillion. ohh--lala not bad Mr. MODI but I think gujarat vibrate only in your speeches and your advertisements.

Lie No. 2

" Gujarat has lost zero man days due to labour unrest (strikes, lockouts etc.) "

Check the annual report of Union finance ministry - The Economic Survey for the year 2010/11

http://indiabudget.nic.in/budget2011-2012/es2010-11/echap-09.pdf

(page no. 235 - 236), It clearly shows the "maximum incidences" of strikes and lockouts were recorded in Gujarat. Wage and allowance, bonus, personnel, indiscipline and violence were the major reasons. 

In contrast Labour unrest in the country declined by 81%.

Lie No. 3

Education sector of gujarat is one of the best in the country.

State has school drop out rate of 62. We can't even compare this with Kerala, Chandigarh or Delhi. Overall India has lower dropout rate than Gujarat.

Gujarat is the worst state in the country , when we look at the reading, writing and math skills of the rural students.

http://planningcommission.nic.in/data/datatable/2504/databook_198.pdf

4. Untold Truth: an untold truth is also a Lie

Gujarat Model of Debt Management : If you are in debt, don't worry, borrow more to show that you are rich.
Outstanding liabilities of Gujarat government (public debt) as a percentage of GSDP is higher than the all India average.
Internal Debt of Gujarat is one of the highest in the country, Budgeted estimates for the year 2011-12 stood at Rs. 209 billion increased nearly 20% from the previous year. This is an alarming increase.
Out of Rs.209 billion, Rs.146 billion is market loan.

http://rbi.org.in/Scripts/PublicationsView.aspx?Id=14159

http://planningcommission.nic.in/data/datatable/2504/databook_145.pdf

The debt has more than tripled since Modi came to power. Somebody is seriously spending lot of borrowed money, which will eventually hurt not only Gujaratis but also Indians in the long run.

No comments:

Post a Comment