India's politics and economy (2020)
1. India's economy is likely to face more problems than health
consequences of corona virus.
2 India's GDP is estimated to go down into negative territory,
(about -5%) for the financial year 2020-2021. The year 2021- 2022 is not likely to bring significant imrovement.
3. The central government has not heeded to the advice of the
economists to provide a much greater fiscal stimulus, even at
the risk of higher deficit, in order to stimulate demand and
thereby recover economy.
4. Poverty and urban educated youth unemployment have
increased.
5. Income of small farmers is woefully inadequate.
6. Instead of primarily focussing on improvement of
India's economy, the central government has paid attention
to (at this time) unnecessary issues of CAA and NRA. This is
hurting the poor and is divisive for the country. We have spoiled
our relations with Bangladesh.
7. Ideological fervor for Hindutva and radical revision of history is
inadvisable. Secular core of the Indian constitution must be
preserved.
8. Foreign direct investment is not likely to improve unless
bureaucratic hurdles are removed, infrastructure is vastly
improved and business laws are made simple and stable.
9. "Achchhe Din Kahaan Gaye?"
Excellent observations.
ReplyDeleteI do support Narendra Gandhi.
But all those who blindly indulge in one-sided praise of BJP rule must pay attention to your above observations on the Economy.
After all, Economics will make or mar India's advancement.
Religion should play second fiddle to Economics.
Please keep writing. --- Subodh Shah.