India’s Economic Crisis 2019 & why this will spoil the $5 Trillion party | Ep. 105 – TheDeshBhakt


An Economic Times article written by Manya Tandon read, ‘Indian Economy now resembles a stalling aircraft.’ Well-written! The engine is failing, there is heavy turbulence and passengers are equally scared. But the pilot and co-pilot assure them everything is in control. Every individual has some basic needs such as food, air, water, and a few bucks to survive. However, these requisites nullify if you manage to control the media. We have talked about air and water crisis in previous videos. In this video, I would like to focus on the economy. Money is lavishly spent on elections but gets scarce when it comes to development. A few years ago, a man promised us a better economy and ‘achhe din’ But ‘achhe din’ is like a girlfriend. Neither it existed in UPA, nor does it exists today. A World Bank report stated that India is now the seventh biggest economy in the world. Before this, it was the fifth biggest. Before you accuse the World Bank of peddling ISI agenda, you must know that even the International Monetary Fund has released a similar report. IMF has projected that India’s GDP growth rate will be 7% in the current financial year. Some other agencies predict our GDP to be as low as 6.2% You don’t know this because you watch the news. No one is talking about the Economic crisis amidst Kashmir issue. You could either choose to remain quiet and call yourself a nationalist. Or you could recognise the problem and start asking questions. Just like anti-nationals. Data shows us that Indian Economy is stumbling in every economic parameter. A Business Standard report stated that July was the worst month for stock market in past 17 years Indian Economy performed BottleCap challenge quite well. Amidst low investments and a decline in exports, the rupee is getting weaker against the dollar. FM Nirmala Sitharaman has said she doesn’t let stock market affect her. PM has said the economy will reach $5 trillion by 2024. But the reality is that a consumer is thinking twice before buying a packet of biscuits worth Rs 5. The automobile market is facing a severe crisis Automobile sector employs about 35 million people and accounts to 7% of the country’s GDP. Government drives Economy like Salman Khan drives a vehicle. Tax terrorism is suffocating businesses and entrepreneurs. 11 big automobile companies noted double-digit declines in June 2019 Five lakh passenger vehicles and 30 lakh two-wheelers have remained unsold this financial year. So the automobile sector is in serious trouble. Normally, we start reducing our grocery expenditure when we are running low on budget. Companies are applying the same tactic. Automobile companies are shutting down their manufacturing units and cutting down on manpower expenditure About 3.5 lakh people have already lost their jobs as a result of this crisis. Similar to the water crisis, the economic crisis was simmering from the past few years. A part of this can be attributed to global economic slowdown. Experts argue that demonetization, ill-implemented GST and lack of trust in the Government played a major role in harming the economy. PM Modi was re-elected with a huge mandate in the elections. The result wasn’t welcomed by the markets and investors lost 12 lakh crore in the first fifty days of Modi Govt 2.0 People absorbed the loss in exchange for a majority Government Investors were expecting something big from the budget. They worshipped FM as Goddess Laxmi and entered NSE as we enter in a temple. Budget 2019 turned out to be a huge disappointment with no policy decisions and an increase in tax surcharge. Millionaires are leaving the country because of ‘tax terrorism’ by the Government. Government has claimed that India will become $5 trillion economy before the next Lok Sabha Elections *Finance Minister reciting a poem* We need a growth rate of over 12% per annum to achieve the target in a short span of time Our current GDP is hovering around 6% from the past couple of years. Our GDP growth rate is quite suspicious. Former CEA Arvind Subramanian claims the figure is fudged. He says the real GDP is about 4.5% Not only Arvind Subramanian, but SBI chairman Rajnish Kumar has also accepted there is a slowdown in demand. Even CAG has said that GST failed to live up to its potential. Investors like Rahul Bajaj have expressed their concerns about the economic crisis. Investors are being muzzled from speaking about the economic crisis. India’s economy is not as strong as it appears to be. However, there is a solution. We need to accept the problem in the first place. Our politicians should now shift their focus from Kashmir to Economy India is a young country. But our youth is either unemployed or unemployable. Statues and cow tax will not help the economy. We should focus on Education, Employment and Economy. All these are interconnected. Demand, investments, and jobs are directly proportional to each other. With better job opportunities, we can milk our resources and contribute in the economy. Recently, our Prime Minister has said that the Government has created an atmosphere for inclusive growth. Government plans to encourage businesses and entrepreneurship. We hope that Government walks the talk because the nation desperately needs to revive its economy. Late Atal Bihari Vajpayee-“Politics will carry on. Governments will be formed and dissolved. This is a continuous cycle but this country should not stop on its path to progress and prosperity”

100 comments

aRe BhAI iS tARaj IndIA KA iJjAT MAT UcHhAL aaJ kE 8YEARS bAD sEARCH kArna wHO iS ThE rIChiesT cOuNtRY iN tHE woRlD.

kyOki us sAmAY tAj KA Raj ChaLEga…..

Ghnta, GST और Demonetization की वजह से Entrepreneur की तो लगी पड़ी है, मोदी क्या ghnta कुछ करने देगा

Ye achi news hai economy slowdown hai sabko milkr kaam krna cahiye lekin godi media joker giri krke desh ka majak uda rha, gadhe kuch suggestion de deta acha sa economy reform ka to kya bigad jata

जुमलेबाज सरकार के खिलाफ बोलना होगा नही तो ये देश का बेडा गरक कर के मानेंगे।
क्या आप बोलोगे क्यो की चापलुस मिडीया तो बोलेगी नही।
तो तोड दो लाईक बटन।।।।।

Bhaiya
Corporate sector taxes cut to 22%
And 25.17 including all other cuts and taxes
For new companies it has been to 17%
To take advantage of trade war
Now stock market has gained approx 2000 or 20000 points, I am not sure about this figure, sorry for that.

India might have huge size, huge population, fastest growing economic til 2018 +
Just saw a video which say America Texas state has total 3 trillions dollars economic alone a state
Vs huge size, huge population, stil has 3 trillions dollars economic
Texas vs india 3 trillons shame on us
We new modern infrastructure+ exports+ investment

For all the haters who call him librandu, Akash just endorsed free market capitalism which somehow the right wing conservatives can't figure out.

in 100 din ke work me 14 lakh crore ka lose hua hai share bazaar ko gdp 5% par hai ₹ gir gaya Bangladesh taka se niche ..petrol 80+₹ ..onion 60₹kg 60000 people lose job in maruti zuzuki …

Mtech fees of iit is increased by 900% and over this they also stop giving stipend I left my job for doing mtech in iits now again I have to ask for monthly expenses from my parents. A gaye ache din

12% very much possible in BJP tenure. Farji statistics dene me, false figure will make India 5 trillion economy on paper.

Entrepreneurs with political links will be given to survive, genuine entrepreneurs will have to give heavy cuts to political parties to survive so that so called Desh and Hindus are in KHATRA.

Entrepreneurs, Ask Founders of Flipkart what help he got from govt.for growing in 1,00,000 crore company.
All entrepreneurs survived in India by their gutt Political classes just muzzles thousands in buds.
Modiji is not a political party.
MODI is a grand political party.

Getting economy back on track now is like trying to hit the gym after a long gap. Both are painful and takes time to be back on track.

Yaar ap PM/FM ban jao, dekhte h yaar aapke analysis ko bhi …….
Only blaming isn't everything. And why being just a YouTuber, come publicly and stand like a robust leader. ….

Last night I watch documentary Putin rise I wish whole India can watch that so they can figure it out how modi ji learn from Putin and doing same things in India but he did in Russia even from cheaf minister time deto copy please watch people's to save India from him

Great Economy comes from people behaviour and efficiency. Are we there yet?
Keep on borrowing and living on imports is not what makes us a great nation. Oil import is a disaster. Saving clean water and flood control must be the highest priority over the Moon and Mars! Stop wasting efforts on statues and religious monuments.

Everything starts from self, Me and not the government only.
Who is government?
You and you only. Government’s job is to govern and make/change policies for the betterment of public and the nation. They are running this mega ship 🚢 called India which is largest in the world and 4 1/2 times larger than USA. This is old ship and overcrowded and needs upgrades! You have to do everything to survive on this massive ship 🛳 to continue on these choppy waters and storms. You can do it. I believe in us all.
Thanks 🙏

Bhosdike juth kyu boll rha hai. Duniya me mandi hai abhi Pakistan ki halat dekh chaina ki halat dekha aur lode aab aa india par to india ki position bhut achi hai apne padosi se. Aur han yeh sarkaar ko log hajaro sal tak yad rakhengey gaurnty hai meri. Yeh desh ki sarkar ke hamari apni sarkar hai i love india

भाई मजाके मजाक में आप सभी सच्चाई बता देते हो आप bjp वाले नहीं हैं

In bhosadiwalo ka dhandha hi band ho gya h 2019 k election results ke baad.

Bc Ek wo chutiya ab travel Blogger ban gya..ek ye h jo gaand marwa rha h

Bharosa aap bhi jumla bolne lage modiji ki tarah.
Sahi mano to economic khatre mein nahi hai hindu hi khatre mein hai aur modiji bhi khatre mein hai.

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