Tuesday 20 August 2013

Indian Economy in doldrums- Common man's plight, not an issue to our political leaders.

Indian Economy in doldrums- Common man's plight! However not an issue to our political leaders
               No idea of how a common man/public will survive the scary times!  “Scary” refers to the present turmoil Indian economy is witnessing through. Right from the menace of weakening stats shown by our currency rupee against USD and even other currencies to inflation, money laundering, increase in all commodities, this time being a history sheater as it has not spared even electronic goods or FMCG products, it’s relentlessly easy to point that only the common man suffers in such turmoil!.

       According to a recent shocker of a stat revealed in a local daily and debated alongside a popular news channel, states that Indian Rupee pitted against USD for a paltry figure of Rs.62.95 only!

       Isn’t that just staggering to hear this figure? Definitely it is. Whom should we blame? Callous political leaders or ourselves?  To be frank according to me it’s both parties to be blamed.

        Why? Well isn’t it we who exercise our votes to choose government and also our elected representatives to rule our country for as long as 5 years. But do we elect them wisely? Answer which comes from within heart would definitely be a perfect “NO”.

                  Amidst this ongoing turmoil or outrage against political leaders who are best known to have art to stem the opposition or garner enough sympathy thereby taking the very steam out of tide, what remains unchanged is the flattering, unbelievable and yet predictable comments and views of our politicians right from:

·   Average human being in India taking care of food needs for as less than or equal to Rs 12
·   GDP growth in India being whooping 10-12% compared to shocking stat of just hovering round paltry figure of 5 to 5.7% nearly half of what it was three years ago”.
·  Then comments like Rise in Per Capita Income per population touching magic figure of 8 % as pitted against current value of 5 %.

·   Adequate employability measures taken wherein reality bites predict the opposite viz three fold increase in unemployment.

·    Highest participation of FDI and foreign investors at 75-80% wherein stats as usual shows just 40-50% FDI or investors opening firm in India. 
 ·    Passing out a Food bill which can cover BPL (Below poverty line) people and eradicate poverty, malnutrition in a jiffy completely, doesn’t surprise one and all as we’re used to them.

         Although there are still number of topics that can generally be discussed relating the downpour of political comments, but it would just not solve the issues.

              Most embarrassing point is that India lies in 132nd position compared to 185 countries in case of WPI (wholesale price index) – an indicator for measuring inflation as lower as our neighboring countries Pakistan, Sri Lanka, Nepal or even China.

            Whatsoever happens in our country, these corrupt politicians are just dooming our prestige in front of others. Either there’s two tracks for us - simply follow the suit silently viz buck under the trend or government policies or fight to the core and at least redeem in some prestige viz protest against these rising issues, otherwise it would be very late. 

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