Sunday 28 April 2013

The pulse of the nation?

As if to stop the present government to stop from making economic reforms and get a good name, much commotion is caused by opposition in Parliament. This has been the trend in the past sessions also. Stalling reforms is bad for the economy. We need confidence of Indian and foreign investors to carry on investing in India. And this trend dilutes their faith. Already reforms have set in motion several infrastructural projects (about 27 billion dollars worth)Indian economy is driven by hardworking nature of its people in all spheres,  So they will carry on; no matter how long the government takes to make policies or abstains from implementing them.Things keep moving.
In aviation sector, investors have started coming in. Especially from the mid-east. The fuel is not subsidised any more, so it has reduced the strain on the government; it was deregulated. This has greatly reducing fiscal deficit.Foreign investment for insurance sector from 26% to 49% will bring in more wealth; only if the insurance bill is passed.There is stand off between the power sector and the coal sector. Power sector wants more coal for producing more and more electricity; and the coal sector needs reforms to send more and more coal.We have plenty of coal, mining this would require many firms. The rights to mine must be given by government judiciously, it is here we have bottlenecks. We will resolve these soon.People are benefiting from welfare schemes and are able to withstand the pressures of inflation.And this is a big achievement.

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