Indian Economy: Real Growth vs. Dollar Shrinkage and a New 'Degree'
I never thought I would praise Modiji this much, but they have actually taken a new step for India's education system. They have introduced a new degree called DKAT, which stands for Data Ki Aisi Taisi. They said, look at our GDP, it grew by 7.7% in FY24. We shrunk by 2.7% in dollar terms. You will say, why are you talking about dollars? We are earning in rupees. For years, these people have been saying, look at the dollar terms, we have become the fourth largest economy. If we fall to sixth, they say, why are you talking about dollar terms? This has happened only five times since 1981. And the last four times it happened, when we shrunk in dollar terms, there was a crisis, like the global financial crisis of 2008. We are not even close to that. Otherwise, our economy would not have grown by 7.7% in real terms. This happened during COVID, or before that, during the 1991 crisis when we had no money. This is a very strange situation, only and only because our currency is getting weaker and weaker. They will say, oh, it comes back to currency. What's the difference? The Governor of Bengal, R.N. Ravi, his daughter Shamika Ravi, who is an economist and an advisor to the Prime Minister, is also on the advisory council. She openly says, what's the difference? It's just a number. What's in a number? So I will say, a new degree has come out, DKAT, Data Ki Aisi Taisi.
What's right
What's wrong
What's debatable
Breakdown
Economic Growth Figures The reel correctly states that India's real GDP grew by 7.7% in FY24 [2]. However, the claim that the economy shrunk by 2.7% in dollar terms in FY24 is not directly supported by the provided sources.
While some sources mention GDP in dollar terms and the impact of currency fluctuations [2][4][5], a specific shrinkage figure of 2.7% for FY24 in dollar terms is not found. The 'DKAT' Degree There is no evidence in the provided web context to support the existence of a new degree called 'DKAT' (Data Ki Aisi Taisi) introduced by the Modi government for Indian education.
This appears to be a fabricated or metaphorical element within the reel. Shamika Ravi's Role The reel accurately identifies Shamika Ravi as an economist and an advisor to the Prime Minister, and notes her association with the Prime Minister's Economic Advisory Council [1][2].
The reel also captures her sentiment that currency value is merely a number, which is presented as a viewpoint within the discussion. [1][2][3]