Discover and read the best of Twitter Threads about #5Trillion
Most recents (3)
A short tweet thread about #5Trillion Dollar GDP
It was back in 2019, not long after the General Election win, that the Prime Minister set India a target for India to grow to become a USD 5 TRillion GDP by 2024. i.e in 5 years time.reuters.com/article/us-bri…
It was back in 2019, not long after the General Election win, that the Prime Minister set India a target for India to grow to become a USD 5 TRillion GDP by 2024. i.e in 5 years time.reuters.com/article/us-bri…
Under the headline, "Modi says wants to make India a $5 trillion economy by 2024", @Reuters reported that
"India’s Prime Minister Narendra Modi said that his country aims to be a $5 trillion economy by 2024, in remarks to leaders at a BRICS summit on Wednesday [Nov 13].
"India’s Prime Minister Narendra Modi said that his country aims to be a $5 trillion economy by 2024, in remarks to leaders at a BRICS summit on Wednesday [Nov 13].
Here is the official press release that contained the Prime Minister's remarks:
"By 2024, we want to make India a five trillion dollar economy. The infrastructure alone requires $ 1.5 trillion investment."
pib.gov.in/PressReleseDet…
"By 2024, we want to make India a five trillion dollar economy. The infrastructure alone requires $ 1.5 trillion investment."
pib.gov.in/PressReleseDet…
Stand by for some interesting findings re the Uttar Pradesh Global Investor Summit and and at least one of the Companies that is said to have signed up to an investment of 1 lakh crores (1 trillion rupees= 12.5 billion USD) to manufacture Electric vehicles. All very dodgy. 
Okay here goes. The UP Global Investor Summit was organised bu the UP Govt in India between Feb 10 and 12, 2003. The President of the Union of India, no less, graced the occasion. #Rakshamantri Rajnath Singh talked about it.
Social media influencers and the officials inc the Chief of Defence Staff talked it up. UP was heading for a 1 trillion dollar economy - (India itself was aiming for a #5Trillion economy)
A tweet thread on #India's #Government #Finances
1. They are in a deep mess. The #Punjab #FinanceMinister came out of a #GSTCouncil meeting to suggest that the #UnionGovt may be close to a #SovereignDefault, because it is unable to p[ay out to the States's their share of GST.
1. They are in a deep mess. The #Punjab #FinanceMinister came out of a #GSTCouncil meeting to suggest that the #UnionGovt may be close to a #SovereignDefault, because it is unable to p[ay out to the States's their share of GST.
See this clip here:
That may be hyperbole. A sovereign default is when the Govt is so cash strapped that it is unable to service its debt. I'm not sure India is anywhere near that dire situation as yet.
But that does not mean that the Public finances are rosy. In fact they are dire in the extreme!
But that does not mean that the Public finances are rosy. In fact they are dire in the extreme!
