Let us teach Dipankar about a real world example of 'Economic De-growth' or so called 'Economic Depression' .. using a communist ruled country like Venezuela as example..... Shall we ?.
Dipanker wrote:Formal economy too took a hit of 0.5% in the first year of demon if one goes by govt. numbers, and 0.9% if by IMF estimate.
Obviously they do not teach Math at the Commie schools -- this supposed hit is to growth, not to the economy itself. And even that projected hit of 0.5% was to the projected growth for THAT quarter, not to the year.
So how about sharing the actual numbers, Dipankar?
Remember that Venezuela has one of the largest proven reserves of oil in the world. Now go ahead and read the tyranny being caused by a mega-ego infested Communist ruler of Venezuela on his own people.
Does Dipankar know that the communist ruled 'pure socialistic policy induced victim of misery' Venezuela is in its 3rd continuous year of economic depression currently ?. In 2016 - Venezuela's economy shrunk by 18.6 % and the inflation in Venezuela is currently bordering 800%. Nearly 37 people are dead in the latest bout of ongoing protests against the Socialist Communist tyrant ruler of Venezuela - Nicolas Maduro !.
Hunger, poverty, protests, daily riots are sky-rocketing since last 3 years while economy has completely collapsed due to continuing economic depression i.e de-growth since 2014. Maduro had announced a state of emergency amid chronic food shortages across Venezuela last year. The depraved foot soldiers of Maduro in the 'Supreme Court of Venezuela' dissolved the National Assembly (with lots of opposition members elected to this assembly) in March 2017 and took over its legislative powers. Maduro is yet another classic Communist tyrant ... greedily holding on to power against the protests of his own country's people suffering starvation, overriding the constitution with illegal laws, leading to large numbers of deaths among the continuously protesting common man
and unable to provide any solutions for the problems of his country. Last week - Students in Venezuela destroyed the statue of supreme comrade Hugo Chavez (the ruler before Nicolas Maduro), tore it down and dragged it on the streets because in the words of those same students .. "Chavez played an important role in destroying their future ....".
Folks need to remember that Chavez came to Kolkata in 2005 and he was celebrated like a god by the atheist communists in India & by the 'tallest' leaders of Indian communist movement like Jyoti Basu (poverty-generator & industry_de-nuder_par_excellence prince of West Bengal), Prakash Karat, the then WB CM Buddhadeb Bhattacharjee - the silent over-seer of Nandigram Massacre of the protesting common man of West Bengal !, film director Mrinal Sen and many more people of communist ilk. Maybe our Dipanker would have also been waving some communist red rag flag in that 20 KM cavalcade procession of Hugo Chavez in Kolkata !.
Surely soon enough Nicolas Maduro will either be hosted on a lamppost or will flee out of his country to some other nearby communist hell-hole like Cuba or so -- for how long can he keep killing his own fellow protesting citizens who are fighting to save their dignity and not for some other trivial reason ! . The army will turn back on Maduro and vanquish him ... one way or the other.Even Indian companies are affected by this economic collapse in Venezuela. The Venezuelan government is unable to pay and yet to pay Dr.Reddy's pharmaceuticals a huge sum of INR 430 Crores for the generic medicines that they purchased on credit from the company. Dr.Reddy's eventually wrote-off that 430 Crores amount in last May 2016 (but still pleading to Maduro to get back this money for the supply of generic medicines to Venezuela) and its net profit for Q4 of 2016 plunged on yearly comparison basis by 80% !!!.
What a shame ... communists are a scourge wherever they are ... either spreading out poverty uniformly among the people they rule, refusing to quit even after heaping misery upon misery on the suffering common man, raping, killing protesters and using violence on them if they protest for regaining their human dignity, when they protest for food, protest to overcome even toilet paper shortages (as it happened in Venezuela).
Does the CPI(M)'s magazine - 'People's Democracy' (joke of a name !) write about how communist rulers are killing the common man of Venezuela and shredding the basic human dignity of venezuelans ?.
Folks like Dipanker & other people of that ilk - who support communist ideology need to hang their own heads in shame ... because this violent killing and put-down of common man's protests for his own dignity has repeatedly happened in many communist ruled countries over the last 50 years !.