The article titled "Who will pay for the sops" by Prof Arun Kumar of Institute of Social Sciences Delhi, (IE, 13th
Feb 2019) shines light on the state of economy that helps connect many dots on the events of last few years.
Almost nil data on the Unorganised Sectors of our economy
explains the current buoyant-economy narrative of NaMo lead GoI.
Prof computes from many private surveys that this part of the economy possible grew at 1%. There was no alarm as most of taxes are paid by organised sector.
The NaMo game plan in DeMo adventure was then intuitively
sensed; it is now clarified. He played the Janta by posing as Corruption
Fighter, creating the spin of a very decisive and strong leader.
Stuffing Banks
with Cash for onward lending to Organised Sector and hoping that its growth
(duly measurable) will raise his/BJP's electoral fortunes. And on top of that
it immobilized the Opposition parties just before the crucial UP and Punjab
Assembly Elections.
The minor blip in growth figures was a small price to pay. Hats
-Off to NaMo, again.
But the severity of political backlash from down under was not
computed. NaMo got scared /greedy and started playing with GoI institutions to
massage the data.
We are in for some interesting times
(Please see my blog postings of Nov-Dec 2016)
