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.

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

PARTY DOCUMENTS

Election manifesto of a CGPI supported candidate for Lok Sabha

 

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

 

5th Congress DocumentThe Report to the Fifth Congress of the Communist Ghadar Party of India, presented by Comrade Lal Singh, General Secretary of the CGPI, on behalf of its Central Committee, was discussed and adopted by the Fifth Congress of the CGPI, held in November 2016. By decision of the Fifth Congress, this report has been edited for publication.

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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.

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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

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Manifesto 2014There is growing realisation among workers, peasants and other self-employed people that the program of liberalisation and privatisation only serves to enrich an exploiting minority at their expense. Mass resistance is growing to this anti-worker, anti-peasant and anti-national program. However, the working class is being prevented from realizing its potential as the leader of all the exploited, and as the grave-digger of capitalism, by those in the communist movement who are spreading harmful illusions and compromising the class struggle.

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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

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