If BJP loses the 2024 general election the impact will be different on different people and parties. It will be bad for BJP, it will be good for Congress, and good for India. Indian democracy and the constitution will be saved. India will get relief from the havoc of crony capitalism. Indian economy will get a chance to breathe freely. I have been repeatedly highlighting the plight of the economy, job cuts, salary cuts, and unemployment.
Around 38 per cent of students across 23 IITs remain unplaced so far this year, according to information obtained through RTI applications filed by IIT Kanpur alumnus Dheeraj Singh, The Times of India reported. “Over 7,000 IIT students are yet to be placed via campus this year across all the 23 IITs.
In another answer yesterday I wrote This is as per studies made by Deloittes. Deloitte’s latest Campus Workforce Trends 2024 study found that MBA salary expectations are dropping, internship intake by organisations reduced by 10% on an average
“Internship intake by organisations reduced by 10% on an average, indicating declining uptake. Similarly, pre-placement offers (PPOs) have experienced an annual drop of 26%. Complementing it, campus hiring budgets saw a 33% drop in the past year.”
Since 2019, I have been shouting that the Indian economy needs course correction, things are going from bad to worse. Unfortunately, the Modi government is adamant not to listen. The entire finance ministry is being run by utterly incompetent people. You see this 360-degree approach. You see every parameter is concurrent - NPA, Write-offs, Fiscal Deficit, Debt to GDP, a three-fold increase in debt, Massive increase in bankruptcy, Fall of the Rupee, Highest ever unemployment, and Increase in Taxation.
As per a bank report published in 2018, 23,000 Indian millionaires had left the country since 2014. India was estimated to lose a staggering 6,500 millionaires in 2023 – The actual net outflow of high-net-worth individuals out of India in 2022 was 7,500 millionaires. These are people with net worth of more than $1 million and above. As per data shared by the Ministry of Home Affairs, alone in 2021 over 1.63 lakh Indians gave up their citizenship. More than 3.9 lakh Indians have given up their citizenship in the previous three years. This is according to the ministry's reply in the Lok Sabha. MoS for Home Affairs Nityanand Rai told the Parliament that in 2021, that 1,33,83,718 Indians were living in foreign countries.
Modi Ji has been claiming that the value of Indian passports has gone up. But we have a different story. Lakhs of people denouncing Indian passports. Just imagine to kind of financial drain India must have suffered for losing so many high-net-worth individuals and what kind of job loss India has suffered under the Modi government.
If today the IITians and MBAs are not getting jobs, there is nothing to be surprised about. Just imagine if the IITians and MBS are not getting jobs then what is the condition of the general graduates and undergraduates? Who will generate employmnet for them? the Modi government has washed off its responsibility to create employment. The gold prices have gone up so much that the gems & jewelry are hugely affected. the same is the story for most other businesses. If we want our economy, our constitution, and our democracy to survive. India has to throw out this Modi government.
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