Complete Mismanagement of Economy

E C O N O M Y D I S R U P T E D . . .

Peddling Lies, Celebrating Failure

BJP has become

the biggest NPA

for this country

Forget the Hype & Hoopla,

Indian economy Stutters & Splutters !

Here’s Why…

India's economic growth has slowed down sharply

India's economic growth has slowed down sharply, driven primarily by

DEMONETISATION.

GDP deaccelerated at 6.1 % year-on–year between January 2017-March.

Gross Value Added (GVA), a true sub-measure of economic activity, has experienced a steep fall. The GVA growth of industry has fallen from 10.7% in March 2016 to a low of 3.8% in March 2017, a decline of nearly 7 percentage points.

In the past 3 Years, the BJP Govt. does not have the faintest idea of how to stop slide of the Economy.

Index of Industrial Production (IIP) was growing at 5.3% in Feb 2016,.which has came down to 1.9% in March 2017.

IIP also declined by 2.2% during April – Feb 2016-17 vis-à-vis 2015-16 .

Industrial sector slowed to 5.2% in FY 2017 from 7.4% of last year.

Only 14% FDI received in Core Manufacturing Sectors.

Make In India Lion has failed to roar.

In fact, it meekly meows…

Credit Growth Lowest in 63 yrs

Bank Credit growth at 5.3 % in 2016-17, lowest in 63 years.

IIP data shows a flat growth of just 0.6% till January 2017.

Bottom line: Beyond the slogans, advertising and

hyper-rhetoric, sentiment is gloomy &

nothing works on the ground!

‘Ease of Doing Business’ becomes

‘Cease of Business’

Despite false bravado, event

management and foreign jaunts, India’s

ranking in ‘Ease of Doing Business’

remained virtually unchanged at 130.

On 7 of the 10 key parameters, it

remained worsened.

‘Stalled Projects’ dot the Investment Landscape

The rise in number of Stalled Projects is disconcerting

Year Stalled Projects

2014 766

2015 816

2016 893

Value of Stalled Projects is estimated at a whopping

high of ` 77,700 Crore as on December 2016.

Falling Exports prove Economy’s is Sluggishness

In 2016-17,

‘Negative Growth’ of 4.5%

i.e. reduction of `2,60,422 Cr reflects a slow down of economy despite tall claims.

2013-14 Growth % age 2016-17 Growth % age

19,05,011 Cr 16.5% 16,44,589 Cr - 4.5%

Oil Prices - BJP Profiteering at cost of Common Man

Present Price (per litre)

Ideal Price (as per decrease in

Intl. prices)

Petrol 68.09 32.14

Diesel 57.35 25.52

Oil Prices - BJP Profiteering at cost of Common Man

Post May 26, 2014, International Crude Oil Prices have come down by more than 55%. Price of crude was $108.05 on May 26, 2014, while the price of international crude is down to $48.82 on May 4, 2017.

As International crude prices reduced by 55% (May 2014-May2017) Prices of Diesel and Petrol see no reduction.

The “Big Oil Heist”

BJP Govt. earned a windfall of US$ 40 Billion or `233,000 Crore by a reduction in Crude Oil Prices from $108.05 to $48.82 (May 2014 to May 2017)

Why was the benefit of reduced Oil Prices not given to the Consumer?

Instead of passing the benefit to ordinary Indians, they got brutally taxed by BJP:

Excise Duty on Petrol ( 34%) and Diesel ( 140%). Excise duty on Diesel has seen a 380% increase under BJP Government robbed Peter ( the Common Indian) to pay Paul

(Itself)

Where has the money gone?

Tax Terrorism assumes frightening proportions

The Finance Bill surreptitiously sneaked in provisions that gave unlimited powers to tax inspectors to search individuals/ business entities, assigning no reasons thereof.

Tax terrorism: Tax officials can now conduct a raid and harass honest taxpayers without giving any reason (even to the court) – the amendment in tax laws is retrospective going back to the year 1962.

Unlimited Powers to Tax Inspectors

Tax Terrorism assumes frightening proportions

The PM constantly attacked UPA on

‘Retrospective Taxation’, by quoting ‘Vodafone’. 3

years after assuming power, ‘Retrospective

Taxation’ continues. Govt has now added ‘Cairn’

to the list, along with Vodafone.

Retrospective Taxation

So, ‘Tax Terrorism’ flourishes!

THE ECONOMY

Death Knell for the Poor & Common Man

‘Himalayan Blunder’ of ‘Demonetization’ on

Nov 8, 2016 wiped away livelihood of millions.

150 people died in the untold hardship.

189 days after Demonetization, BJP Govt. can’t tell -

i. How much ‘black money’ was found ?

ii. How much ‘fake currency’ was found ?

iii. How much ‘money’ has been re-deposited ?

What has been done can erode our

peoples confidence in the

currency and banking system.

Infact it’s a case of organised loot

and legalised plunder.

“

” - Dr. MANMOHAN SINGH, Former Prime Minister of India

Diabolical blow on Jobs & Growth

45 Crore people including 25 Crore labor & 15 Crore daily earners affected.

Farmers forced to dump their produce or sell it for a pittance

Even BJP’s labor wing, BMS claimed 20 lakh job losses.

Terror activity grew manifold; 7 major militant attack,

2 major naxal attack, 42 soldiers dead