Modi VS Manmohan Singh ! who grew GDP Better

so what we have here is the economic intelligence dashboard which has been

put together by the India today research team and this has captured data on

various aspects of the economy over the past 10 years in most cases here we are

going to take the issue of GDP first and compare this between the Manmohan era

and the Narendra Modi era essentially this is the GDP rate that has been

recalculated and recalibrated according to the new new GDP series and here if

you can see the average GDP growth under

the Modi government. 

 Modi 1 has been slightly higher than the Manmohan government but what is of worry is the last year GDP has actually dropped to 6.8% in 1819 fiscal and that's largely

because of the last quarter of the fiscal and GDP tank to 5.8 percent that

is a big worry because it has impacted sectors across the country it has

impacted automobiles consumer durables FMCG and many other sectors in the

economy that GDP is still decelerating and that's another huge concern as far

as the economy is concerned and now on to the tax to GDP ratio and this has

some very interesting findings you'll notice here that under the Modi

government the tax to GDP ratio has risen the highest in a long long time in

the Modi government the tax to GDP ratio has gone up by almost 3 percent in just

the first four years of the government under Manmohan government it rose by

about 2 percent so Modi government has raised taxes at a rate far higher than

the Manmohan government which could be not just to do with higher taxes but

also because of higher compliances as a result you need to brace up for not just

better compliance but also perhaps more taxes to be paid under the Modi - regime

but the big worry as far as the GDP is concerned is still that our GDP is still

decelerate think many sectors of the economy are still seeing greater dip in sales

including automobile sales if you've seen the June numbers are worse than the

April numbers so our GDP at 5.8 percent is perhaps not the worse

that we are seeing it's going to get worse before it gets any better