Is the growth story of Indian economy is true?

Just now Mr. Rajeev Kumar, Vice President, Niti Aayog has said that Indian Economy has been passing through a bad era. In comparison of last 70 years of its growth. In the same way of expressing his unsatisfaction with the Modi government views on economy, Mr. Arvind Subramanian, Cheif Economic Advisor, Niti Aayog had resign from his post last year. The story of resignation of Urjit Patel, Former Governor of Reserve Bank of India (RBI) is the same. Earlier Mr. Arvind Pangariya, Former Vice President of Niti Aayog has also resigned expressing his differences on economic growth with the government. Raghuram Rajan, the former Governor of RBI had resigned from his post because of his differences with the government on its Goods and Services Taxes (GST) policy and Demonatisation. These resignations of holders of top ppst of the government show that the growth story of our economy has told by the government is not true. The growth of economy requires of growing of employment but during the Modi government employments in different sectors rate of employments has not been increased. Instead of it, the rate of employments has decreased. The example is that when Railway department notified for 63000 vacant post, 1 crore 90 lacs applicant have applied. Besides it is feared that 10 lacs employees in Automobile sector will lost the employment because of the bad economic situation of this sector. The Prime Minister Modi had also promised for creating 1 crore jobs every year, but his promise did not take real shape. In fact, the reason of falling rate in growth of economic is that no good Economist is present in the Modi government. A good economist plays a very important role in pushing up the growth of economic of a country. Prime Minister Modi had appointed Late Mr. Arun Jaitley as a Finance Minister who did not know about economy and he was an Advocate by profession. Now Prime Minister Modi has appointed Smt. Nirmala Sitharaman as a Finance Minister who also does not know about Economics. In this situation every person imagines how can our economy will growth. For growth in our country an expert Economist is required. It is to be mention here that Prime Minister Modi wants to give push our economic growth to the level of 5 Trillion Dollars in 2024 and the country become the third economic power of World leaving behind Japan (4.97 Trillion Dollar). While no one in BJP has such qualities.


- Rohit Sharma Vishwakarma