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INDIA’S ECONOMIC DATA’S ARE BASED ON ERRONEOUS ASSUMPTIONS & FAULTY METHODOLOGY SINCE MR. NARENDRA MODI GOVERNMENT


To:     Respected Ma’am Ms. Christine Lagarde  

From: Athinarayanan Sanjeevraja

Date: August 27, 2019

RE: INDIA’S ECONOMIC DATA’S ARE BASED ON ERRONEOUS ASSUMPTIONS & FAULTY METHODOLOGY SINCE MR. NARENDRA MODI GOVERNMENT

Suggestion:
Respected Ma’am, let me start by paying my respects to you and through you to. I wrote you before regarding the imbalance of payments through the process and deficits became a crisis it is threat to the world economy. I request you to rethink the balance of payments to escape the further deterioration of the global economy. I am wishing you from the bottom of my heart you are doing a great job as a Managing Director of the IMF.

Today, I am writing again about India because India is a member of International Monetary Fund. India’s economy is stuttering but India’s growth numbers are overestimated since Mr. Narendra Modi government. GDP is an estimate of formal and informal activities. In India’s informal activities need a proxy but in case of India there is no getting around that. GDP calculations relied on using N indicators which should be used for GDP computation. We can’t use regression to compute GDP numbers. If we can use regression to compute the GDP numbers the entire world would simply use a simple mathematical formula. Unfortunately, the real world is much more complex than the academic world. The real world we cannot make wide assumptions but in academic world we can make wide assumptions to demonstrate a theory. Mr. Narendra Modi government make a wide assumptions and faulty methodology and have been conclusively debunked. Your economists are familiar with different data sources in the country including private and public and their availability and quality. Today, one of my childhoods Newspaper “THE HINDU” published an article “IMF report flags several delays in India’s data reporting”. “In 2018, India failed to comply with multiple requirement prescribed in the SDDS mandatory for all IMF members.” All IMF members are maintained an impeccable record why not India? Is India doing data dissemination to manipulate? Indeed, Mr. Narendra Modi suppressed the GDP data and employment data to get re-elected. Statistical methods and econometrics was my forte as a Research Analyst. Today, I am not an Analyst but whenever I have spare time I’m writing to more than 40 countries advanced economic leaders on various issues since 2009. I say with confidence that there may have been some methodological issues which overstated the India’s GDP data and employment data. Mr. Narendra Modi is manipulative authoritarian. China has the super modern roads, high speed trains, skyscrapers that prove their economy is really growing. The antiquated road, lamp posts, signpost buildings pretty much show that Narendra Modi government is simply cooking up their numbers and bragging loudly.   

Respected Ma’am, Mr. Narendra Modi is trying to suppress the International companies investing in India to favour Corporate India especially Ambani group. Mr. Narendra Modi government is going strongly against international companies investing in India. For instance, he forced AMAZON to pay full taxes but didn’t allow AMAZON fair competition to Indian retailers. He ordered AMAZON and WALMART should not decrease the price for public on items sold online. He is restricting the AMAZON and WALMART sales in India. After billions of dollars investment in India this rule was not formulated before they invested. Mr. Narendra Modi government is destroying western business in India. Mr. Narendra Modi is a horrible hypocrite. Mr. Narendra Modi promotes crony capitalism were the richest man in Asia Ambani worth 50 billion owns. Mr. Ambani want to restart e-commerce business so Mr. Narendra Modi implemented new rule. One of my friend son Mr. Abhimanyu Karthik Viswanathan use Kindle book. Kindle cannot be sold in India according to new Modi rule. Kindle book is no aper or publication cost so it is cheap for students. Amazon Kindle books are cheap. Affordable Kindle books cannot be sold to help students reach their goals by Amazon. How traumatic it is for international companies like Amazon or Walmart to do business in India after investment of billions of dollars? Mr. Narendra Modi is most corrupted politician than Dr. Manmohan Singh. There is no liberalism or conservatism in India. In India all politics is corrupt and corruption is the only way of survival. I’m writing to you because this hypothetical situation can be fixed without too many foreign investors being harmed. I fervently hope that you will fix this issue asap.  
   
Thank you very much for your kind attention Ma’am. 
        
Respectfully yours,
Athinarayanan Sanjeevraja
Tamil Nadu

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