42 lakh crore GDP BLACK HOLE OF CONGRESS

This is how UPA under Congress regime of 2004-14 propped up the economy. ??

1) GDP is a measure of revenue (sales, jobs). It can be tweaked to show false results.

2) Congress gave away massive loans to corporate during UPA1. It continued through UPA2. Total quantum was 12 lakh crore over 10 year period. Much of it became caustic NPA (non performing asset). THESE LOANS WERE SHOWN AS INVESTMENTS AND increased GDP.

3) P Chidambaram tweaked India’s Exim policy. Using this, massive amounts of Golds were imported. The same strategy was adopted for export of Iron Ore and Coal.

4) Counterfeit Currency: 40 containers of fake Indian currency was imported. The details are in this book Who Painted My Money White.

5) Over Invoicing: Every export including gems and diamond was faked and inflated. This helped in converting huge amounts of black money (that was imported into white money)

6) Massive hawala and drug racket was encouraged in bollywood. Films that were worth 100 crore were shown to have expense of 200 crore.

7) De-Funding Defense: Upto 6 lakh funds for defence procurements was channelized for freebies schemes like MNREGA. 12 lakh Fictitious accounts were used to siphon money out of MNREGA.

8) Loss making PSU were inflated and forcibly given loans from GOIU Banks.

9) Around 22000 (fake) NGOs were allowed to import foreign currency in order to convert. These NGOs used the money to buy land in villages at rock bottom prices. Upto 45,000 sq km of land is under these fake NGO ownership now.

10) Local industries were shut and CHINESE cheap good imports were allowed. This racket is even bigger that the Handloom Racket during British.

THERE ARE MANY MORE EXAMPLES BUT…. every factor listed above counted as revenue generation and job creation. THATS HOW GDP WENT UP.

It was a FAKE ?ECONOMY.

India lost USD 6 trillion (Rs 42 LAKH CRORE) over 10 years to the above.

This is the reality of Congress GDP.

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