Yashwant Sinha – Hate Blinds Him

When Former Finance Minister Yashwant Sinha wrote a piece in The Indian Express, he forgot a golden rule – to verify facts. When you are in extreme level of hatred towards someone, you miss basic verifiable data as friend Kiran KS points out in his Facebook Post which is reproduced below verbatim except for some formatting edits

I read Yashwant Sinha’s article on Indian Express. Anti Modi gang in full celebration mode. But let’s do some fact check..

Pic 1) Yashwant Sinha says “Private investment has shrunk as never before in two decades”.
Fact: 2016 PE investment at 10 year PEAK!
{Source: Business World}

Pic 2) Yashwant Sinha: “industrial production has all but collapsed”.
Fact: IIP is healthy b/w 2014 and 2016. Picking up again this quarter.
{Source: Trading Economics}

Pic 3) Yashwant Sinha:: “agriculture is in distress”.
Fact: Kharif and Rabi production in India is at its highest level ever!!
{Source: IBEF}

Pic 4) Yashwant Sinha: “construction industry, a big employer of WF, is in the doldrums”.
Fact: Iron & Steel consumption at record high!
{Source: IBEF}

Pic 5) Yashwant Sinha: “the rest of service sector is also in the slow lane”.
Fact: 39% growth in IT services over 3 years!!
{Source: TheDollarBusiness}

Pic 6) Yashwant Sinha: “exports have dwindled, sector after sector of the economy is in distress”
Fact: Exports growing even after demonetization!
{Source: Trading Economics}

I will stop here. Yashwant Sinha missed the facts badly in an effort to target Arun Jaitley directly and Narendra Modi indirectly.

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15 thoughts on “Yashwant Sinha – Hate Blinds Him

  1. zen4it September 27, 2017 / 4:14 pm

    When you are putting forth these data, atleast double check if what he is saying is correct or not. FDI is not the same as private investment !! IIP at 1-2% and he says it is healthy !! Agriculture is stagnant and he says it is growing !!

  2. S M NAHAR September 27, 2017 / 4:15 pm

    grapes r sour fr whom ,who think am only fit to head economy,if he ws so master y ws ATL JI lost ,it ws fault of these leaders only ,see in ur GIRAHBAAN be 4 making stupid comment

    • T Lakshmana Kumar September 28, 2017 / 7:13 pm

      When you lift a whole train from a slow track and place it in a faster, newly laid track, the train will take some time to pick up speed again… Let us have some patience and tolerance…..

  3. Surendranath kamath September 27, 2017 / 5:29 pm

    Sinha was called roleback FM he did not have stomach take on opposition for the reforms he taken..

  4. Naresh oza September 27, 2017 / 7:01 pm

    GET WELL SOON SIR

  5. Naresh oza September 27, 2017 / 7:01 pm

    GET WELL SOON SIR

  6. Ashim KumarDas. September 27, 2017 / 8:15 pm

    What was the state ‘s economy when he
    was FM under Chandra sekhar? RBI was forced to pledge sovereign gold to Bank of England for raising fund to pay the instalment to World Bank/ IMF.He was also FM under AB Vajpayee,when he gave the slogan ” India Shining” then why BJP lost?Compare the work done during the 40 months of Modi Govt.& work done by him as FM in 2 stints.Govt. is spending huge sums for all kind of Infrastructure( Rlys.Highways,water ways,Power,Petroleum etc),Mudra,,MNREGA,,Rural Eletrification,,upliftment of poors from BPL and so on.U cant expect miracles in 40 months when UPA -I & II looted the country ‘s Rs.18 Lakh Crores in 120 months.

  7. Sure September 27, 2017 / 9:23 pm

    Economy is not isolated and should be reviewed with development , black money reforms, defence, foreign policy, MiI ,reducing imports, electrification etc all which have a long term contribution to the economy

  8. Rabi Shankar Mishra September 27, 2017 / 9:58 pm

    Yaswant Sinha is an arrogant man who thinks he knows everything like Shourie, Swamy, Rahul and Lalu.

  9. Meenakshisundaram September 27, 2017 / 10:08 pm

    I thought opposition is only hating Modi but now there are haters within and Modiji should be very careful with these inside haters

  10. Vasan September 27, 2017 / 10:32 pm

    Yeshwanthpur Sinha wants to be in lime light nowadays like pappu and cutting jokes like him w/o verifying the facts and has become a laughing stock.

  11. Arul September 27, 2017 / 10:44 pm

    It would be great if the graph & data are properly linked to actual source than just saying its from Business world or Trading economics, at least should point to date of the article and author of the article.

    Baring that

    pic 1 just says till 2016, but what is after Nov 8 is not shown.
    pic 2 shows its close to 0 few weeks?? before and just 2 now, but didn’t say what is y component is. I’m not sure how much to trust it.
    pic 3: Rabi season is not yet over for Y17, How did we get to know the production now. but I believe this would be good as this year rain fall was great.
    pic 4. even by the projection on the similar consumption it will be 61.5/3 * 4 = 82. which is least growth after Y08-09.
    pic 5: Number of job cuts in the IT industry shows its not a great.
    pic 6 : I’m not expert- however would like it to be compared for longer duration than just starting from Y16.

  12. Sayan September 28, 2017 / 1:48 am

    This guy doesn’t even understand the difference between PE investment in companies and private investments and he is trying to claim that he is an expert. Get a basic lesson of economics. *Facepalm*

  13. Ashish Agrawal September 28, 2017 / 8:27 am

    FM Jaitley should take this criticism in a positive manner but he must give a reply to this..point by point..he should clear the suspicion arousing out of the present scenario..

  14. Sundeep Joshi September 28, 2017 / 3:10 pm

    There are three kind of lies: lies, damn lies and statistics.

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