The official data released by the Planning Commission declares that the percentage of Indians living below the poverty line has fallen to 22 % in 2011-12 from 37% in 2004-05. 7 years and 15% !! Ain’t that an achievement !! Everything flowery on paper. 😀
As the Indian economy suffers under crisis, the government says it is fighting the slowdown with number of measures.Finance Minister, P Chidambaram is of the view that there are many countries with 0% growth rate while India is still maintaining 5-6 % growth and that was great. The Planning Commission Deputy Chairperson, Montek Singh Ahluwalia, said that a GDP growth of 5.7 per cent in FY14 would indicate that the economy is on a rebound.
Numbers are numbers. Aren’t they ? If numbers could give all the Indians two meals a day, we would have been the happiest economy.The ground reality is altogether different. You feel the pinch with the rising prices of the day-to-day things you buy while the earnings remain stuck at what it were an year back .
Thanks to the genius economists in the government , at least on papers, we will continue to grow. 🙂
Deputy Chairman of Planning Commission, Montek Singh Ahluwalia,justifies spending of Rs 35 lakhs on renovation of toilets . Well, the justification may not be satisfactory to all !
Detailed News Article on the matter – Planning Commissions Toilet Spendings Controversy!
The Press Release from Planning Commission – Response from Planning Commission on the matter.
Unanswered Questions – Why the explanation from Commission not completely satisfactory ?