Progressively, as India inching towards getting the places of Italy, Spain and UK, the countries once were in spotlight due to the high rate of escalations of COVID-19 cases, PM modi has found something to share with the People of India.
On 30th May, a letter with a BJP’s party symbol over the top, PM Modi shared his beliefs on ongoing events and the projection of future of India.
The most interesting things in the letter is not only the style which you may find in many other such letters and even in the speeches but the approval to his own proposals and actions which he along with his government undertook in all these days.
Here, it is not required to analyse the letter’s content part by part as it does not disclose any evidence to discuss upon its legitimacy however the situation in India as contemplated is seems to be completely opposite and this is based on evidences.
The battle here is kept confined among ‘The Content’ and ‘The Facts’ relevant to the topic which can easily be tested on universally available evidences and to mention a few, those are listed below.
Letter says, “Many feared that India will become a problem for the world when Corona hits India. But today, through sheer confidence and resilience, you have transformed the way the world looks at us. You have proven that the collective strength and potential of Indians is unparalleled compared even to the powerful and prosperous countries of the world. Be it clapping and lighting a lamp to the honouring of Corona Warriors by India’s armed forces, Janta curfew or by faithful adherence to rules during the nationwide lockdown, on every occasion you have shown that Ek Bharat is the guarantee for ShresthaBharat.”
The initiatives those highlighted to a common mind appears to be to discourage the person to person contact with an added belief that it will help the Indians to keep themselves motivated in hard times yet the recent decisions on opening up of the Country in a staged manner without being any remedy to COVID-19 in hand and also the existing paucity of resources establishes the fact that COVID-19 is here to stay and the lockdown which was envisaged as a tool to isolate people meanwhile the vaccine or treatment is getting ready went futile.
The fact is India has to this day has taken over Germany on COVID-19 cases and possibly be surpass Italy, Spain and UK in days to come. At 1st position in Asia, India vis a vis our immediate competitor (as what many media houses debate on) Pakistan with 80,000 cases with 1600 deaths has 2.5 times higher number of cases and the same multiplier applies to the deaths too.
The government itself accepted the fact that the cases are yet to escalate to its peak figures.
Even PM Modi while sharing the letter writes, “Penned a letter to my fellow Indians. It takes you through the year gone by and the way ahead.”
This can also be seen as an attempt of BJP (going through the BJP symbol on letter !) to count upon the accomplishments in all these years and to give people a reason to believe that a lot many good things are yet to come. However this is not a strange practice for a Political party to bet upon assurances and attempt to wipe out all the bad that have had happened due to wrong decisions and miscarriages.
Moody’s has downgrades India rating for 1st time in 22 yrs. The downgrade comes against the deterioration in the country’s growth prospects as the national lockdown unveiled to stem the spread of the Covid-19 pandemic has stalled economic activity
The deterioration in the country’s growth prospects as the national lockdown unveiled to stem the spread of the Covid-19 pandemic has stalled economic activity.
Moody’s is the only rating agency, of the three major credit agencies, to have maintained its “stable” outlook on India’s ratings. Standard & Poor’s and Fitch have the country with a “negative” outlook which once praised the Modi government for the 2013 Budget and had also upgraded the ratings to Baa2 in 2017.
While replying upon the legitimacy of the Mody’s ratings we now must read the PM Modi’s letter which adds, “We have to move forward based on our own abilities, in our own way, and there is only one way to do it – Aatmanirbhar Bharat or Self-reliant India. The recent Rs 20 lakh crore package given for Aatmanirbhar Bharat Abhiyan is a major step in this direction. This initiative will usher in a new era of opportunities for every Indian, be it our farmers, workers, small entrepreneurs or youth associated with start ups.
The potential of Aatmanirbhar Bharat initiative which UNwire covered with a comparative approach under the article U.S. at $8100 per capita and India at $197 ! The economics of relief package UNwired
A large part of it as much as 40% is already been injected into the system by RBI through various measures and as much as 1.07 lakh Crores which was announced by Nirmala Sitharaman on 27th March if added to this make around 10 Lakh Crores of the total fiscal package, Indian Express reports.
As a percentage of GDP, India’s announced spending on COVID-19 until now has been low, at less than one cent, a fact raised by Nobel Prize winning economist Abhijit Banerjee, The Week reports.
Based on the Statistics under COVID-19 Economic Stimulus Index; which introduces a large database where we quantified the economic policies adopted by national governments throughout the global COVID-19 pandemic is reflected, Modi’s relief package is 5th largest among G20 countries.
In absolute terms, India proposed a package of $256 Billion whereas US on it’s 33 Crore Population pronounced a massive $ 2.7 trillion in three phases, Japan $1.1 trillion for 12.65 Crore, Germany $815 billion for 8.3 Crore, UK around $100 with 6.6 Crores of it’s People.