Noteban has hurt large number of workers of small and medium enterprises

GDP growth rate comes down with demonetisation

The GDP Growth rate has fallen after demonetisation

Modi-led government has continued to justify demonetisation and refute even bourgeois economists’ assertion that it has hurt the economic growth. It has refused to accept that crores of workers lost their livelihood for months and lakhs of small and medium sized enterprises were forced to shut-down in the absence of cash post-demonetisation.

GDP growth data released by the CSO recently confirms that there has been significant drop in the growth rate during the fourth quarter of Jan-Mar 2017 when the full impact of the cash shortage caused by demonetisation was felt. Quarterwise GDP data also shows that GDP growth rate has been steadily falling from quarter to quarter during the year. While the Modi government is celebrating its three years of success, the data shows that even by its own data and measure of the GDP, the growth rate has been the lowest during 2016-17 during its three years of rule.

People anyway never believed the lofty claims of growth rate as they saw no growth in jobs nor any improvement in their life. Many bourgeois economists too have been expressing doubt about the correctness of GDP numbers after the method of calculation was changed. GDP growth, however high, does not mean anything for people unless they see better opportunities of livelihood, improvement in wages and fall in prices of essential commodities.


Share Everywhere

noteban    GDP    Jun 16-30 2017    Struggle for Rights    Economy     Rights     2017   




Parties of the capitalist class claim that there is no
alternative to the program of globalisation,liberalisation
and privatisation. The truth is thatthere IS an alternative.

The alternative is to reorient the economy to fulfil people’s
needs instead of fulfilling capitalist greed. This is the
program for the Navnirman of India.

Click on the thumbnail of the election manifesto of a CGPI
supported candidate for Lok Sabha to download the PDF.



This document, What Kind of Party?, was presented by
Comrade Lal Singh on behalf of the Central Committee
of the Communist Ghadar Party of India to the Second
National Consultative Conference held December 29-30, 1993.

Click on the cover image to download the PDF


Click to Download PDFThe first part of this pamphlet is an analysis of facts and phenomena to identify and expose the real aims behind the Note Ban. The second part is devoted to a critical appraisal of the government’s claims that it will reduce inequality, corruption and terrorism. The third part is what Communist Ghadar Party believes is the real solution to these problems and the immediate program of action towards that solution.

(Click thumbnail to download PDF)

These Elections are a FarceInterview with Comrade Lal Singh, General Secretary of Communist Ghadar Party of India by Comrade Chandra Bhan, Editor of Mazdoor Ekta Lehar

(Click thumbnail to download PDF)

Manifesto 2014Unite around the program to reconstitute the Indian Republic and reorient the economy to ensure prosperity and protection for all!

(Click thumbnail to download PDF)

Click to Download PDFInterview with Comrade Lal Singh, General Secretary of Communist Ghadar Party of India

by Comrade Chandra Bhan, Editor of Mazdoor Ekta Lehar

(Click thumbnail to download PDF)