"India is set to become the world's fourth-largest economy by the end of FY 2025-26, according to the International Monetary Fund's (IMF) World Economic Outlook (WEO) report released in April." "A few years ago, India overtook the United Kingdom to become the fifth largest." ET. But, there is a slight overestimate. According to the IMF, "India's GDP is projected at $3.91 trillion for FY25 (1 April 2024-31 March 2025), while Japan's is estimated at $4.03 trillion in CY24 (calendar year). In FY 26 (31 March 2026) India's GDP is projected to be $4.187 trillion while Japan's GDP will be $4.186 trillion at the end of CY 2025, wrote Payal Bhattacharya. This leaves a doubt about where Japan will be on 31 March 2026. "nearly 70% of India's GDP is fueled by domestic consumption, underlining the critical role of India's burgeoning middle class." "In 2022, India ranked 19th in imports and 8th in exports." However, the indices for quality of life paint a different picture. In the Human Development Index we are 134th out of 193 countries, 105th in Global Hunger Index, 79th in Rule of Law and a dismal 162nd out of 180 in World Press Freedom. TOI. Are press freedom and rule of law going to improve. No chance. Because they are the means to absolute power over citizens. A bench, comprising Chief Justice of India (CJI) BR Gavai and Justice Augustine George Masih, expressed disapproval of the coercive search and seizure operations at Tasmac's headquarters in Chennai," by the Enforcement Directorate (ED) and said "the ED was "crossing all limits". "It has 'become a pattern' for the central agency to level allegations without proof, the court observed." The court "accused the ED of using the Prevention of Money Laundering Act to harass and keep the accused person in jail and criticised it for 'high-handedness' and 'inhuman conduct'." DH. Not just the ED, every investigative agency is being used to harass opposition politicians and subdue citizens. The Wire. The BJP is known as the 'Washing Machine Party' for disappearing criminal cases of opposition politicians who join it. Mint. A Sikh activist Jagtar Singh Johal has been held in prison since 4 November 2017. "Jagtar has not been convicted of any crime," but "The Indian government says that he's a dangerous terrorist who helped plan the killings of seven people." BBC. Following the terrorist attack in Pahalgam in Kashmir, in which 26 men, including 24 Hindus, one Christian and one Muslim, were shot dead on 22 April 2025 (wikipedia), "there were 184 anti-Muslim attacks of various sorts all over India." "Houses of alleged terrorists were demolished simply on the basis of suspicion without any due process and in blatant defiance of Supreme Court judgements on bulldozer justice," wrote Karan Thapar. Ordinary people have no defence against a vengeful malicious government, so they seek sanctuary abroad. "The Ministry of External Affairs (MEA) data suggests that 32.29 million Indians lived abroad in 2023," and "a significant proportion of those relinquishing Indian citizenship are multimillionaires and and billionaires" who have left India with "bag, baggage and business". DH. GDP is for politicians. India is its people. And they are miserable. Including the very rich.
No comments:
Post a Comment