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.

Advertisements