It is not in a very great mood that I write this..Actually quite unhappy..This feeling has not crept in this morning..It actually has its roots for the past 30 years during my growing up..This
feeling is about our country..It’s about INDIA.
India got out of it, I was really feeling to get proud for the way we handled this crisis and how our conventional & old fashioned school of thought helped us stay out of it in a major way. Also, because people like me who would have struggled otherwise, got absorbed by the corporate sector, got paid well and are doing pretty ok for ourselves, due to the “INDIA GROWTH STORY”.
strongly..I also added that it is the people and the attitude of this people that will help them come out strong and prove the world that they are not the world’s most powerful economy for no cause...Though the current situation there is not the most attractive one, but they are on their way back and have fought well..
bothering me beyond any control for the past few months..I will just spell out the top few things and you will gauge my mood and why..
1) Corruption
2) Inflation
4) Jan lok pal bill
5) Re appreciating against the dollar
6) IIP(index of industrial production) nos going down
7) Fiscal deficit increasing ( due to balance of payments)
8) Corporate India not happy due to major policy decision not moving
9) FDI in retail decision scrapped due to allies not being happy
10) UID not getting funds and getting scrapped.
( India’s win against West Indies was a positive but I am mentioning it here separately because I am sure we will have a tough time in Australia)
slowly for the past 50-60 years, we are now embarking in a very dangerous
direction..A direction which is quite capable of taking us backward to pre 90’s though not in the same way.. For me the funda of growth is very simple..
a) Government to give infrastructure and favourable environment to Corporates
b) Corporates will create industries and more jobs, also will earn more and pay more taxes.
c) People with jobs will spend on good & services; also will pay more taxes to the govt.
d) Govt again to make infrastructure and favourable environment and the cycle to
continue..
a singly corporate against the other...this type of behaviour sets them back..They try and start looking for opportunities outside the country..The capex that would give us a better infrastructure and a better industry will not be set up outside India only due to the favourable environment and policies..
JAY HIND!!