Wednesday, 1 January 2014

New Year--Expectations

There is renewed hope that we would do well this year and the coming years. A new party is born (in New Delhi)and we have make new ways to use democracy for promoting benefits for the average citizen. The economy will do better. Thanks to economic reforms, prices of fruits and vegetables are under control now. The Land Acquisition Policy will come into force from today; the best part of the new law is that it has a provision that private companies can lease the land needed for development instead of purchasing it from the farmer. We are an emerging market and at shining bright as the most promising economy in the world market. Political stability has come as people have started voting for the most able candidate. Income levels of the average Indian has risen, as he buys better food stuffs. To keep up with his demands, we need a second green revolution so that we can provide for the average Indian.  The excess liquidity has been pumped into the Indian economy caused  high price rise in the costs of essential food items(vegetables and fruits). Speculative food prices are high; they will soon come down. It will go on fluctuating as the food items are available in sufficient supply. Prices of real estate has dramatically increased. People are in rush to buy gold or real estate. And there is a credit boom because of the great demand for real estate. Although there is growth, it is jobless growth; farmers are jobless, educated Indians are jobless, and the average Indian youth is disillusioned. Too many people and too few jobs. Because the Indian Rupee is devalued, anyone can start an industry for manufacturing goods, because now the Rupee can buy a lot. Then sell the products at high prices outside India, The value of the Rupee has expanded. Manufacturing sector and other sectors like pharmaceuticals will grow very well.  Foreign investments will reap profits. Government has cleared 1912 Crore road project in the states of Bihar and Maharashtra. When roads are developed fast, economic growth will come faster and faster. Fast tracking of project clearances is going on as 17.68 Lakh worth projects have started last month itself. The new party which has just taken birth will grow and make India stronger economically and make the average Indian prosper.

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