Why
did Modi chose the distant Indian diaspora to unload the most absurd
claims regarding the achievements of the NDA Government of the 1999-2004
period? Is it because his countrymen wouldn’t buy such falsehood and
Modi wanted a faraway audience to gulp down his pill of falsity?
But how does he expect the NRIs
who have been living in America since ages to believe that in the years
between 2000 to 2004, when the Americans were themselves sunk in the
worst crisis of their own after 9/11/2001, the Indian economy would be
booming without their FDI? A quick look at the actual data in respect of
the Indian economy for the period 1999 to 2013 may make further
discussion on the issue quite redundant:
Average Growth Rate - NDA and UPA
| Year (NDA Rule) | 1999-2000 | 2000-2001 | 2001-2002 | 2002-2003 | 2003-2004 | Average |
| India's Real GDP Growth Rates | 7.59 | 4.3 | 5.52 | 3.99 | 8.06 | 5.892 |
| Agriculture growth (%) | 2.67 | -0.01 | 6.01 | -6.6 | 9.05 | 2.224 |
| Industry growth (%) | 5.96 | 6.03 | 2.61 | 7.21 | 7.32 | 5.826 |
| Services growth (%) | 11.19 | 5.37 | 6.88 | 6.97 | 8.06 | 7.694 |
| Year (UPA Rule) | 2004-2005 | 2005-2006 | 2006-2007 | 2007-2008 | 2008-2009 | Average |
| India's Real GDP Growth Rates | 6.97 | 9.48 | 9.57 | 9.32 | 6.72 | 8.412 |
| Agriculture growth (%) | 0.18 | 5.14 | 4.16 | 5.8 | 0.09 | 3.074 |
| Industry growth (%) | 9.81 | 9.72 | 12.17 | 9.67 | 4.44 | 9.162 |
| Services growth (%) | 8.13 | 10.91 | 10.06 | 10.27 | 9.98 | 9.87 |
| Year (UPA Rule) | 2009-2010 | 2010-2011 | 2011-2012 | 2012-2013 | Average | |
| India's Real GDP Growth Rates | 8.59 | 9.32 | 6.21 | 4.96 | 7.27 | |
| Agriculture growth (%) | 0.81 | 7.94 | 3.65 | 1.79 | 3.5475 | |
| Industry growth (%) | 9.16 | 9.16 | 3.49 | 3.12 | 6.2325 | |
| Services growth (%) | 10.5 | 9.75 | 8.2 | 6.59 | 8.76 |
It
can be seen that the Vajpayee led NDA had inherited an economy which
had a GDP growth rate of 7.9% which nose-dived to 4.3% to 5.52% to 3.99%
in three years. It did recover to 8.09% and the average for the entire
five year was 5.89%. The next UPA Government hit the highest GDP Growth
rate 9.57% in 2006-07 and ended with an average of 8.14%, much higher
than the NDA average. Even in their second term, UPA hit the high of
9.32%in 2010-11 and till 2013 has got an average GDP growth rate of
7.27%. In all the three sectors, namely, Agriculture, Industry and
Service, the growth rates under the UPA rule are consistently higher.
Our purpose is not to applaud the
high rates of growth from 2007 to 2011 under the UPA rule but to point
out the utter falsity of Modi’s claims. However the figures would
indicate that the economic growth achievements during UPA rule were far
superior than what was achieved by NDA, contrary to Modi’s claims. We
also know that the reason for the aforesaid growth rate has little to do
with the indigenous development of Agriculture or Industry but had a
lot to do with the FDI and FIIs entering the Indian market plus the
expansion of the service sector. The Indian economy is so intimately
locked with the Global economy that if any person claims that if BJP is
brought to power the Indian economy will turn around by itself, people
will laugh at him. Modi is making such a fool out of himself.
He stoops further while
addressing the NRIs and claims that Atal Behari tested the first nuclear
bomb when it was Indira Gandhi who had actually tested the first
nuclear bomb; but neither Indira Gandhi nor Atal Behari Vajpayee brought
any glory to our country by doing so. Moreover, what is the message
that Modi wants to send to the Americans – that if brought to power,
BJP’s Government will test a nuclear bomb for the third time that would
send China scurrying?
