Fast Forward on Economic Reforms

Even if there were protests, and even if some political parties resign, there will not be a rollback on proposed economic reforms. Government has to cope with current account deficits and fiscal deficits. It has to take measures which should generate wealth and it has to cut down expenditures. The sluggish economy has to speed up. And these reforms justify the measures taken, will they help?
The cost that the consumer has to pay is only Rs. 5, more than usual.The price of diesel has to raised by Rs. 17 per litre, to keep up with the international market. Government has been subsidising diesel; this was done so that poor farmers can buy diesel for their tractors and motors(for pumping water)But rich people started buying luxury cars which used diesel. Everyone wanted to use the resource that government had provided. The consumption of diesel rose, so so high that government could no longer subsidise it, now. The citizenry was irresponsible in its usage of a valuable resource which was meant for the poor. Now every one has to pay for it dearly.
FDI(Foreign Direct Investment) must be understood better. Already we have chain stores, but now we will have muti-brand retails. With competition, may be the cost will reduce. On the whole, coming of foreign stores means loss for the business people here. If have benefit of the country in mind, then, we can make a deal with the chain stores to develop the Indian market for a specific period(let us say for 10 years). After this period, the retails will have to pull out of India. This deal will make sure that Foreign Investment is used only for development and they cannot "own" anything in India. If these specifications are not made, India would suffer in future and there will be "no way out" of exploitation that will ensue.
It is foolish to say that coming of FDI will generate jobs.The idea of chain stores is reduce manpower increase "machine power" as part of modernization. To gain popularity political elite say that the coming of chain stores will generate more employment, as more jobs is what we want.
We just want to survive in the sea of changes that economic condition of the world market. So all sorts of measures have been proposed. There are more changes like CRR rate cuts by 25bps. New proposal is that government is going to sell stakes in four PSU(Public Sector Undertaking) NALCO,MMTC,Hindustan Copper and Oil India Limited. But the political climate will affect these reforms greatly. For these to succeed, government has to follow-up in the dis-investment plan for a long long time. But if the political party in power changes, this will affect the policy adversely.Before the dis-investment process can become successful, the government would have changed. So successful reforms in our economy is depended on how we wisely we select our political representatives; and how consistently we select.