1. Raging virus thru the hinterland + industrial centres.

2. GDP shrinkage of about 10% minimum for this fiscal & no growth next year.

3. Fiscal deficit at 15% of GDP + about $250 billion in maturing corporate debt.

4. No early solution to the stand-off in Ladakh.

We have been going on & on about politics, the lies over China, the mismanagement before & after lockdowns, fake data & so on.

But what we don’t see is the barest outline of a plane to overcome the multiple crisis we face.

May be @rahulgandi should ask more questions.

1. How does the Govt propose to fund the fiscal combined deficit of 15% of GDP this year?

2. How does the Govt propose to capitalise the banks so that the maturing foreign debt of corporates can be repaid without defaults next year?

3. When is the pandemic expected to peak and then plateau or subside?

4. How does the Govt. plan to kickstart the economy. What sectors will it invest in to boost aggregate demand? - Infrastructure? Housing? What?

5. Where will the money for such investment come from?

6. If a substantial portion of the fiscal deficit + additional investment to boost aggregate demand is to come from sale of existing assets of the Govt. what are the exact privatisation plans unit by unit and the time table for their sale?

7. Why has FDI tanked?

8. Putting together the contraction in GDP, revenue loss & consequent increase in fiscal deficit, additional spending to boost demand, sale/recycling of Govt assets, FDI etc, what happens to

1. real interest rates,
2. exchange rates,
3. monetary aggregates.

Where is the plan?

I seriously suggest @RahulGandhi put together a robust shadow cabinet and fire away questions ta this Govt on a regular basis timed with Modi’s “Man ki Baat.”

This Govt’s main weakness is competence. Best way to show it up is through sustained questions. Tie Cabinet in knots.