India is classified as an attractive emerging economy with over 7% growth rate
We have undertaken structural reforms from 1991 to dismantle controls and integrate with global economy.
After periods of lull we are carrying out more reforms.with both UPA and NDA showing enthusiasm for it.
Yet ,though integration for easier flow of capital in and out of india is ensured, we continue to be plagued by economic issues.
We have no answer to monsoon dependant agriculure failure, oil prices melt down , events like chinese economic slowdown or financial mortgage crisis effects.climate change effects
Our RBI uses money instruments only to fight inflation copying western countries , trying to manipulate foreign currency exchange rates by off loading dollars or
suck rupees thru govt bonds. Govt again tries to invest in infra or makes a pretense of social sector spending .
Are things better for common man, specially in rural areas . We have deserted them by removing/reducing state intervention when they suffer drought or high
prices. we though offer support prices and fertiliser and water, power subsidies, the rural poor are in bad shape with increasing suicides, malnutrition.
Our boasts of growth are not supported by increased jobs for lakhs of unemployed educated , skilled and unskilled.Growth is just a statistic and nothing more.
WE have taken care of our big industrialists by easy access to bank finance [ which they do not bother to return], we let others [read unorganised labour] hang.
The gap between rich and poor has increased manifold
Unless the concerns of the have not are addressed , our economic plans are doomed to failure.
We need to make easy money available to the urban and rural poor, small and medium scale manufacturers, traders , women self help groups.
The well off including organised work force in state and centrals govt , in sectors like IT or MNCs are well provided for. What about others.
Economic management is not only fighting inflation . Govt must rethink its priorities.
We have undertaken structural reforms from 1991 to dismantle controls and integrate with global economy.
After periods of lull we are carrying out more reforms.with both UPA and NDA showing enthusiasm for it.
Yet ,though integration for easier flow of capital in and out of india is ensured, we continue to be plagued by economic issues.
We have no answer to monsoon dependant agriculure failure, oil prices melt down , events like chinese economic slowdown or financial mortgage crisis effects.climate change effects
Our RBI uses money instruments only to fight inflation copying western countries , trying to manipulate foreign currency exchange rates by off loading dollars or
suck rupees thru govt bonds. Govt again tries to invest in infra or makes a pretense of social sector spending .
Are things better for common man, specially in rural areas . We have deserted them by removing/reducing state intervention when they suffer drought or high
prices. we though offer support prices and fertiliser and water, power subsidies, the rural poor are in bad shape with increasing suicides, malnutrition.
Our boasts of growth are not supported by increased jobs for lakhs of unemployed educated , skilled and unskilled.Growth is just a statistic and nothing more.
WE have taken care of our big industrialists by easy access to bank finance [ which they do not bother to return], we let others [read unorganised labour] hang.
The gap between rich and poor has increased manifold
Unless the concerns of the have not are addressed , our economic plans are doomed to failure.
We need to make easy money available to the urban and rural poor, small and medium scale manufacturers, traders , women self help groups.
The well off including organised work force in state and centrals govt , in sectors like IT or MNCs are well provided for. What about others.
Economic management is not only fighting inflation . Govt must rethink its priorities.
