Report: The @WorldBank said, india has halved its poverty rate since the 1990's and achieved a seven plus growth rate over the last 15 years.
Riding on the initiatives from Modi Govt, India remains the world's fastest-growing economy, according to a report from the International Monetary Fund. The Indian economy is growing at 6.1% in 2019 compared to 3% global growth rate, and is expected to rise at 7% in 2020.
For the record, a strong economy is one where annual GDP growth is 3.25%; the unemployment rate is 4%, inflation is 2.5%, wages growth is 4% and underemployment is 5%. At the moment, Australia is no where near any of these basic benchmarks
#India has halved its poverty rate since the 1990s and achieved a seven plus growth rate over the last 15 years, the #WorldBank said
When Reagan slashed taxes for the rich in 1981, economic growth went down by 1.9% the following year and the unemployment rate increased. The 1981 tax cut was so "successful" that Reagan had to increase taxes 11 times after that.
On Taxes: “This is the biggest corporate rate cut ever, going back to the corporate income tax rate of roughly 80 years ago.This is a huge pro-growth stimulus for the economy. Every year the Obama WH overstated how the economy would grow. Now real economics and jobs.” Report
Economists on the TAX CUTS and JOBS ACT: “The enactment of a comprehensive overhaul - complete with a lower corporate tax rate - will IGNITE our ECONOMY with levels of GROWTH not SEEN IN GENERATIONS...”
The stock market has gained an incredible 7.8 Trillion dollars in market value since was elected! Looks like 4% economic growth in 4th quarter, lowest level of claims for unemployment benefits in 44 years, and black unemployment rate is the lowest (6.8%) on record! #MAGA