Tuesday, March 2, 2021
Home Opinions India jumps 30 places in ease of business ranking : How Opposition jumped the...

India jumps 30 places in ease of business ranking : How Opposition jumped the gun on the economy

The World Bank’s Ease of Doing Business ranking showed a massive jump for India from being ranked #130 in the world to #100 in the world.  Now, liberal friends sometimes have difficulty reading the writing on the wall and so I made this simple chart to help them:

Untitled.png

Ranked #142 in the year 2014. It’s almost like Dr. Singh’s shiny degrees were of no worth to the nation because all he did was work his way up through the ranks of the corrupt system under the thumb of the Dynasty.  From Adviser to Foreign Trade Ministry (1971-72) to Adviser to Finance Ministry (1972-76) to Director of Reserve Bank (1976-80) to RBI Governor (1982-85) to Deputy Chairman of Planning Commission (1985-87).

It was not until 1991, when the Government of India had money left for less than three weeks, that Dr. Manmohan Singh  finally decided to take a stand against Nehruvian socialism of the previous four decades. At that time, Dr. Singh was a couple of months away from reaching the age of 60 years. Always a good time for a young man to finally start speaking his mind.

The news of the massive improvement in Ease of Business rankings came accompanied with the data of core sector growth reaching a six month high of 5.2% in September. This, after a really strong August number of 4.4% that led to an IIP number well above expectations.

Untitled.png

Meanwhile, SBI research also put out a report saying that the GDP growth for the year may well be above 7%.

Untitled.png

And let’s not forget that GDP growth for the Fiscal 2015-16 was at a five year high of 7.6%.

Untitled.png

So, let’s back up here and take a look. First Modi government put India on a path of quick recovery that led us to a five year high in GDP growth in Fiscal 2015-16.

Then, massive reforms were unleashed in Fiscal 2016-17 to convert India into a rule based, formalized economy. This led to a slight dip in growth in FY 2016-17, but still at 7.1% … a dream for most countries around the globe (as the President of the European Commission pointed out).

And now, after the massive structural reforms, India is scheduled to beat 7% again  this year. This is roughly the same as the reasoning of the IMF, as NDTV reporter Namrata Brar, who was clearly fishing for an anti-Modi headline, found out to her bitter disappointment.

[youtube https://www.youtube.com/watch?v=pv8SuQaha5U?version=3&rel=1&fs=1&autohide=2&showsearch=0&showinfo=1&iv_load_policy=1&wmode=transparent]

So, what’s the explanation for this, short of accusing the IMF, the World Bank and the President of the European Commission being Gau-rakshaks?

It’s almost like massive structural reforms carry with them short term risks and then lead to long term benefits. If structural reforms were easy to implement in the short term, everybody would do them.

Dear liberals, this is your country too. Instead of reaching for Burnol and Eno, you are most welcome to celebrate with us. If you can open your eyes and see the light …

The Opposition would do well to go back to basics and restart its campaign of church attacks, intolerance and Award Wapsi. Everyone loves a good joke. Rahul Gandhi must do what he is best suited for.

Of course, we cannot forget here the pathetic fact that India is celebrating a ranking of #100 among the nations of the world. We want our country to be a superpower, to be No.1, not #100.

Ten years from now, I hope we look back with a mixture of pity and amusement at this moment when we had to celebrate coming in at 100th position in the world. But this can only happen if we remember who benefited the most from keeping India poor for 70 years.

  Support Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

Abhishek Banerjeehttps://dynastycrooks.wordpress.com/
Abhishek Banerjee is a math lover who may or may not be an Associate Professor at IISc Bangalore. He is the author of Operation Johar - A Love Story, a novel on the pain of left wing terror in Jharkhand, available on Amazon here.  

Related Articles

Trending now

A woman molested, a father murdered, a Samajwadi Party leader accused: Here is all you need to know about the Hathras case

"Aatankwadi hain woh", Hathras victim Pooja exclaimed, expressing her angst against the SP leader for killing her father

Ajay Maken becomes one of the first party leaders to take COVID-19 jab even as Congress maintains silence over vaccination drive

Congress leader Ajay Maken, along with his wife, mother and mother-in-law took the first dose of COVID-19 vaccine this morning at Guru Gobind Singh Hospital in Delhi

FIR against Aam Aadmi Party MLA Abdul Rehman for molestation, assault, was earlier booked for anti-CAA violence

Abdul Rehman, who is a legislator from the Seelampur constituency, claimed that the allegations against him are 'false' and 'baseless'.

Dissenting Congress leaders plan to hold another event in Haryana, question party’s election strategy in West Bengal

Hitting out at the Congress, G-23 leader Anand Sharma questioned the decision of the party to forge an alliance with radical cleric Abbas Siddiqui's Indian Secular Front (ISF).

‘Go drink urine’: Pro-Khalistani elements attack ‘Tiranga and Maple rally’ organised by Canadian Indians, insult the Tricolour

Pro-Khalistani elements attack a 'Tiranga and Maple' rally organised by Indian Canadians to celebrate the co-ordination between the two countries.

After Khalistanis, Akali Dal and Sikh religious body extend support to Deep Sidhu who desecrated Red Fort during Republic Day riots

Shiromani Akali Dal leader Manjinder Singh Sirsa revealed that Delhi Sikh Gurudwara body has extended legal support to Deep Sidhu.

Recently Popular

‘Inserted her hand claiming she was planting a tree’: LGBT activist Divya Dureja accused of sexual assault under pretext of shamanic ritual

A popular LGBT activist Divya Dureja has been accused of sexual assault by Elodie Gendron under pretext of a Shamanic ritual.

The Hindu ‘journalist’ Suhasini Haidar puts out misinformation about ISRO satellite launch: Read details

Suhasini Haidar, National Editor of 'The Hindu', put out false information on social media in attempt to mislead the public.

Gujarat: Ahmedabad woman Ayesha commits suicide by jumping into Sabarmati River, last video message goes viral

A video has gone viral on social media where Ayesha, a young woman, can be heard announcing her decision to commit suicide.

US President Joe Biden casually drops the N-word during Munich Security Conference, accused of racism on social media

The N-word is considered as one of the hateful words that were first uttered in the 17th century. Its origin can be traced back to the Spanish word 'negro', which is often used by white supremacists to deliberately offend the African-American community.

Rashmi Samant, president-elect of Oxford Student Union resigns after online attacks over her Hindu roots and old social media posts

An Oxford University staff member dragged Rashmi's parents in the controversy, using their display picture which had Lord Ram's photo.

Australian media slam Justin Trudeau for abstaining vote against China, calls his government the most pathetic in the history of the Five Eyes

Sky News Australia host called Justin Trudeau government the most pathetic in the history of Five Eyes nations
- Advertisement -

 

Connect with us

253,147FansLike
521,262FollowersFollow
23,800SubscribersSubscribe