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).

- Advertisement - - Article resumes -

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.

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.


Share This Post and Support:
We need your support to survive in the media industry. Please consider paying us for the content we produce:

To know more about these payments, please click here.


Most read articles recently

‘Krantikari’ journalist Punya Prasun Bajpai sacked, again, this time from Surya Samachar

Punya Prasun Bajpai and his team of 25 had joined Surya Samachar last month

Twitter users attack Arvind Kejriwal after he shares an ‘anti-Hindu’ image

This is not the first time Arvind Kejriwal has hurt the religious sentiments of people

Watch: Embarrassment for Hardik Patel, crowd chants ‘Modi, Modi’ as he addresses a Holi event

Red-faced, Hardik Patel had to stop speaking and left the place soon after

AAP propagandist tweets false claim about Adani Group, deletes due to fear of defamation

Earlier Delhi's Education Minister Manish Sisodia had also tweeted false claim about Adani Group

The Wire journalist wishes Holi with ‘Bismillah’, devout Muslims say it’s against Islam

Celebrating Hindu religious festivals is not the only that triggers abuses and threats from Muslim radicals

Jammu and Kashmir Police officer Imtiyaz Hussain claims his life being under threat after he exposed Pro-Pak Islamists and ‘journalists’

Jammu and Kashmir policeman reveals how certain 'journalists' work hand in glove with the enemies across the border in Pakistan

BJP’s aggressive candidate list for 2019 election like a blizzard on Congress led by Rahul Gandhi

The boldness of BJP is apparent in that it has 21 present Union and ministers of state in the list, alongside the candidature of its party president, Amit Shah from Gandhinagar in Gujarat.

Rahul Gandhi’s lucrative and seemingly clandestine means of income and his links to scam accused FTIL, Unitech

How does Rahul Gandhi earn to buy land and other properties? A mystery we try to unravel

AgustaWestland Case: Accused middleman Rajiv Saxena, who had turned approver submits diary and pen-drive containing details of the deal

Rajiv Saxena had submitted his statements before the court after he turned approver. He had earlier claimed before ED that his “exposure in the case was minimal” and that he merely acted as a front for other beneficiaries.  

Fact Check: Did 350 people convert to Islam in New Zealand after the Christchurch Mosque attack?

Many people spreading a fake news on social media that 350 people converted to Islam in New Zealand after the Christchurch Mosque attack

Latest articles

Connect with us

148,194FansLike
119,911FollowersFollow
30,864SubscribersSubscribe

Don't miss these


Share This Post and Support: