indian economy fact-checks

Gujarat Government's financial power is revealed when you compare that to UP Government's. UP Government's 25% of the revenue comes from excise duty, which is levied on liquor, i.e., alcohol. And in Gujarat, this tax doesn't even exist. The alcohol that is sold there is basically sold in the black market. Right? Meaning, one state has a lot of money coming in from it, and the other doesn't. Yet, UP's government spends 63% of all the massive amount of money it earns, on salaries, pensions, and old debt repayment and subsidies, not on new hospitals, new roads, new schools, or new anything. It doesn't go towards any research effort or improving people's lives. Compare that to Gujarat, where the number is 42%. 42%. Meaning, one state, where it's not earning any revenue from liquor, still spends only 42% of its income on salaries, pensions, and subsidies, and more things, versus a state like UP, which cannot. Did you know this?

The video discusses demonetization, suggesting it was a masterstroke or a great sin, and claims that the Jan Dhan Yojana was a precursor to demonetization, which was allegedly orchestrated to benefit Adani by providing him with loans. It also touches upon the impact of the Russia-Ukraine and Iran-Israel conflicts on global markets and criticizes the concentration of wealth.