It is very important to discuss about our Economy.It can
either degrade all our life or make our life so good.Now our economy’s growth
is only 6.4% and the other major concern “Rupee hits all time low at 56 against
American Dollar.First there will be a question in many reader’s mind that what
will be the impact of slowdown in our economy and why we need to talk about
this issue.So I like to reveal the impacts of this serious issue.The economic
growth has fallen from 8.4% in 2010-2011
to 6.4% in 2011-2012.Eventhough the Government promises a growth of
7-7.5% if the present situation continues it cannot attain that much
growth.Market forecasts the growth in the next fiscal year as 6%.If the growth
slowsdown like this the job opportunities decreases and the middle class family
will suffer a lot as the standard of living will decreases for the first time
in the last 20 years.
If the reason is asked to our Honorable Finance Minister
Mr.Pranab Mukherjee,he says that this slowdown in our economic growth is because
of the political instability of Greece.But the fact is Indian economy
reached 8% when Greece was not stable.So I wish to reveal the true reason
behind the slowdown in our economy to all the people of India.The main reason
for the slowdown in economy is the halting of the growth engine-the private sector.The private
sector is not allowed to grow by this UPA Government.And the main point to be
noted in this is that the five sectors which are don’t have close interface with the Government is flourishing unlike the
companies whose sectors are close to the Government.For example the five
sectors which makes up 52% of the Bombay Stock Exchange are Banking, Pharma, Cement, IT
and fast moving consumer goods.Atleast now the UPA should wake up and save our
Economy from coma
Now its our PM on finance.There is no doubt on the fact that Dr.Manmohan Singh is one of the best economists India has. But it is only under his regime that rupee has gone to an all-time low against dollar. Indian economy is going through a very lean period. India becoming a fast growing economy is unachievable in the present Political scenario. The definition of politics in a dictionary is ‘the art of directing & administering states’. But in years, India has defined it in a rather unpleasant way. Corruption has become ubiquitous. India will become the fastest growing economy only if there is positive intent among people & politicians about our country rather than hatred & self-development.
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