The flawed ‘analysis’ by Anil Swarup was amplified by veteran business journalist Sucheta Dalal who in an X post published on 4th December said, “Some perspective for those wearing saffron tinted glasses. Try thinking when you cheer a govt that kills faith in institutions/regulators (SEBI), makes it hard to reclaim your own money (@authorityiepf @socialepfo @RBI), extracts 18% GST on essentials!”
SBI’s Chief Economic Advisor, Ghosh added that the first quarter of 2023-24 saw a huge increase in capital expenditure both by the centre (63%) and the states (41%).