One debate about Modi government is that what has it done for the #MiddleClass? While people do realize that faster highway construction or better/cheaper air connectivity also indirectly benefits the middle class,yet the question is more about direct, quantifiable benefits. 1/10
Here is one example of a direct, quantifiable benefit for the middle class.Savings in the form of reduced income tax liability for a person earning Rs. 5 lakhs and for a person earning Rs. 10 lakhs (it would proportionally apply to those earning higher as well). Significant. 2/10
But is a savings of approx. Rs. 3,000/month in IT savings is sufficient? What else has been done? Well, you might have bought a home and are paying EMIs on that. Will a significant lower EMI burden count as saving? It should. And it really is significant. A sample of savings.3/10
You may have taken a loan to educate your kids in college? The EMIs on that education loan are down as well and there is saving in that too. That saving is also not insignificant. Here is a sample calculation for such saving. 4/10
GST has brought down the taxes on almost every item of daily consume. Here are some examples. Most middle class families consume data on their mobile sets. The drastic fall in data rates per GB contribute to more savings as well? Or an ability to get more in same expense? 5/10
While the brilliant work done on containing inflation is known, what is rarely appreciated is the adverse impact that inflation would continued to have on household budgets, had it not been contained. but continued at UPA era rate. Just some examples. 6/10
But can this taming of inflation be quantified in terms of benefit? Put it another way. What would have happened had the inflation rate under the UPA continued? Or, is not the reduced inflation rate actually contributing to savings? Here is one calculation of monthly saving.7/10
Then there is savings on lower cost of medicines, lower air fare, lower cost of insurance premiums, etc. in addition to lower income tax, lower EMIs and so on. So how much does this amount to? Here is a calculation for a family of 5 earning Rs. 100,000/month. Significant? 8/10
Then of course there is the entirely new paradigm of ease of living which also contributes to the middle class being able to to utilize time, money and resources more effectively. Digital payments, e-filing of IT, services on the mobile, affordable health care and so on. 9/10
In addition to the tangible benefits there is an intangible,maybe not quantifiable in immediate term but of immense long term implication, effect of Modi government as well. And that is a sense of pride and purpose we each feel as we are contributing in building a New India.10/10

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More from @amishra77

Sep 26, 2018
The #AadhaarVerdict is actually symptomatic of the principal battle being waged between the new BJP led by Modi and the old, corrupt establishment of Congress and its cronies. Congress and its ecosystem of compromised 'activists' tried all tricks to derail Aadhaar but failed. 1/5
If we wean away the various cloaks worn by activists, propped up by Congress, the reason for their vicious anti-Aadhar stand becomes clear. Aadhaar stops the gravy train of loot that greased the ecosystem from top to bottom, benefiting cronies at each level. 2/5 #AadhaarVerdict
Here is an example of the loot that would have gone on unchecked in absence of Aadhaar. And who benefited from the loot of this staggering amount? Middlemen who nurtured for decades by Congress at each level - from 10 Janpath durbar to a village panchayat. #AadhaarVerdict 3/5
Read 5 tweets
Feb 1, 2018
One way to analyse #Budget2018 is to not look at in isolation but as a stunningly well planned sequencing of moves, beginning from 2014 budget and culminating in this, the 5th and last full budget of Modi Government. #NewIndiaBudget 1/10
This sequencing, in respect of moves through budget, can be broadly classified into what has been done on the following fronts A) Aspirational Class ; B) Farmers; C) Women; D) Youth; E) Jobs and F) Overall macro economy. #NewIndiaBudget 2/10
A) Aspirational Class: Ensure every family has bank account---->Direct Transfer of Benefits & Subsidies--->Basic life & accidental insurance--->Enable Formal credit without collateral---->Raise standard of living---->Ensure Medical Insurance for whole family. #NewIndiaBudget 3/10
Read 10 tweets
Nov 11, 2017
RBI has come with an excellent paper on the benefits of #Demonetisation - with undeniable facts and data and not rhetoric that has been offered by newly minted economists or stale shayari from the Congress stable. Consider some facts in next few tweets.1/10
Currency in circulation (CIC): CIC was down by 8% Y-o-Y as against 17.2% rise in previous year. So as of 27th Oct 2017, CIC was around 91% of pre-demonetization levels and actually 81% if same growth rate had continued in absence of demonetization. 2/10
Currency in circulation as proportion of broad money (M3) fell to 12.3% on 13th Oct 2017 as compared to 14.4% on 11th Nov 2016. The conclusions in RBI paper are thus significant. 3/10
Read 11 tweets
Nov 1, 2017
Lost of professional misinformers at work trying to discredit #EaseOfDoingBuisness rankings since India's historic rise is under Modi. 1/10
Misinfo 01: #EaseOfDoingBuisness rankings not reflective of reality. || Consider Top 20 countries & whether this is reality or not? 2/10
Misinfo 02: #EaseOfDoingBuisness rankings only measure 2 cities of India. || Out of 190 countries, 179 have only one city measured ! 3/10
Read 10 tweets

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