"Economic
Reform" is the recent mask wore by UPA as a part of their political game
to deviate the attention of people from making sense of the economic deterioration. If you look behind the mask, the face of UPA is still dirty. I
perceive that these political chameleons coin the irrelevant initiatives
which are not at all synonymous to what they actually mean and in fact, they
are trying to mobilize the contemporary Indian economy from worse to worst
phase ever. After numerous agitations and controversies, this sarcastic
mask of useless reforms comprises some senseless naive policies like intrusion
of FDI in multi-brand retail, LPG cap limit and diesel price hike. Though these
policies seem like elegant measures of the Government if you see from a
bird eye view, intensely, they all need exhaustive implementation which is
ultimately the impossible expectation from their side. Then what is the need in
introducing these so called reforms? I am completely clueless why the
person who is solely responsible for the economic freedom of the country is
today keen on these baseless reforms!
"FDI"
which could apparently be tagged as "Firewall Destructive Infusion"
of the huge Indian Retail fortress. Yes, hopefully it would demolish the Indian
retail firewall if the policy is introduced with no strict legal regulations.
But, we could ponder about this contentious issue in two complementary
angles.
Positive
contemplation is that we could get huge capital investments entering into our
economic cloud which could enhance the fund flow in the national financial
hierarchy and would result in the slight increase in GDP and thereby slight
fall in inflation rate. Boom in retail sector would create many naive jobs
throughout the business line and also the consumers would enjoy quality
products with compressed pricing.
Negative
contemplation leads to the drastic decline of middle level retail sectors like
Kirana stores which in turn would result in joblessness. Ambiguity would be
consistent in the survival of the farmers in the offing due to foreign
intervention in the supply chain.
From the complete
study of the functionality of FDI driven retail sector in various Asian
countries like China, Japan, Malaysia, Philippines etc, we could
conclude that the probability of holistic lucre is far better in latter
case (discarding FDI) than the former one. In case of approving the latter one,
many legal restrictions should be strictly incorporated which is quite
impossible with our current spineless bureaucracy. Statistically, for
every 1500 jobs created by foreign giants like Wallmart, there would be a loss
of 4000 jobs in the middle level which sounds completely superfluous. Coming to
quality of products, we could place our hope on the current competitive Indian
retail behemoths like future group, Reliance, Aditya Birla Group who would
bring down the pricing scale of products nominally with better quality.
Besides, mark my words that the huge capital via this gateway of FDI
would take a new corruptive avatar in the near future which would probably
triumph all those renowned Forbes, 2G, commonwealth and Coalgate scams of the
century. So, no matter who opposes the policy, UPA would welcome it with red
carpet bothering no diatribe.
Apropos the
consistent fluctuation on crude oil prices on the global floor, Indian
Government has made it a habitual practice of dumping all the subsidies to
their bigger figures so as to make the hikes on fuel prices as periodical
customs. Aam Aadhmi get used with this "persistent overloading & dumping"
and he has learnt to least bother the hikes and cornered to adapt to
conservative life. This new cap limit in LPG is again a hard hit on his
rear head to alarm him that UPA is still ruling his country.
The stringent
objective behind the Government policies is to magnify the gap between the
upper and the lower middle class which would engender
serious discriminatory consequences in the offing. So, no point in
incorporating this diesel hike and LPG cap policies which would again kindle
agitation among the people which would diminish in due course. On the other
hand, only modicum monetary generation would be possible out of these
pointless initiatives.
If you contemplate
from productive angle, these policies stand nowhere in the profitable accomplishment.
But still, UPA is cornered to wear this mask to safeguard their baseless
Rajneethi with resultant partitions which would end up in nothing. Even the
shuffling of their allies make the party bit more complex. Seemingly, they are
moving out of their tactic track of political game in garnering their vote
banks. That doesn't make the NDA as the better replacement for UPA folks at any
cost. End of the day, people are the bees to be eaten!
Eventually, I
wanna state that these reforms are undoubtedly welfare measures for the
country's economic paralysis, provided implemented by considering the future
consequences which is hardly possible! Anyways, it is already late. Pan is on heat! Let us lit the candle of hope as usual!
Again, I would like to rephrase what I
used to feel, "It is high time for Revolution!".
No comments:
Post a Comment