What is wrong with indian economy?

[krish44]

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If TBs are to be given a piece of suggestion i.e.to the younger generation, then I would suggest our TB fraternity to only focus on two key areas of future growth potential. One is Maths and the other is Science i.e. Biology and its relative fields like genetics, bio engineering, bio genetics, bio medical, bio informatics etc etc and in Computer science the new and upcoming area of Artificial Intelligence. Either enter into these fields and excell in your life or rot like a peon, liftman, courier boy or even lesser meanial jobs.

If objective in life is to have a job with decent income, these will not help.

If all one wants is a respectable job then may be , I can agree.

Money is not in maths and science.

Money is in social skills and multi language ability.

This is better than domain knowledge in any frontier area of technology.

If one has spirations to get out of india for good ,then one can follow Asaduji

 

[vgane]

If objective in life is to have a job with decent income, these will not help.

If all one wants is a respectable job then may be , I can agree.

Money is not in maths and science.

Money is in social skills and multi language ability.

This is better than domain knowledge in any frontier area of technology.

If one has spirations to get out of india for good ,then one can follow Asaduji

I agree..Improve the social skills including public speaking in regional language and Hindi...These are a must for getting the work done in Government sector or private sector...Also I can think of 2 more areas that will help - Analytics and Cloud management..They will help us for the next 2 decades

 

[krish44]

Returning To economic prescriptions,R.Rajans approach to fighting inflation with squeezing out excess liquidity and screwing up the banks to declare their NPAs truthfully

besides opening more banks including payment banks is going to make them all sick.The sources of black money getting plugged with extra vigilance is killing vital

sectors mostly depend on lt.

We need an economist with a contrary view like Paul krugman who believes in financial stimulus to boost growth and free spending from the stranglehold of a short sighted

economist who thinks only of economics and not welfare.Conventional keynesian model of spending and investment will do the nation good.What needs to be realised

that productive economy does not wholly depend on govt. The parallel economy based on cash is larger .. If that is crippled by witch hunts, there would be misery all

around.Govt does not deserve more money by way of taxes to fritter away.It would be sensible if it gets a reduced role with minimal manpower and it is bloating

already with expenditure commitments of seventh pay commission.

The stock markets are showing the pain in the economy oscillating like a yo-yo with every possibility of nifty breaching 7000 suddenly with misery all around.

FII are withdrawing. How long can domestic institutional investors prop it up.

Most are trying to look for defensive stocks which do not erode their wealth.

Banking,metals, commodities are in doldrums.

Consumer stocks are facing the pain due to crash of rural markets.

Even mahindra on 2 wheelor sales says there is only pain .

Govt spending on infrastructure , has not shown any results so far.

God only knows what is happening in defence spending. Only OROP is hurting with 7500 cr bill.

Private sector are sitting with excess capacity twiddling their thumbs.

Govt has revived MNREGA to assuage thefeelings of rural poor. What aboui farmers waiting for debt relief?

One cannot divert by talking of intolerance and religion .

It is failure of rajanomics and non performance of sarkari economists in economic ministries.


The next budget is going to only recommend more sell off of PSU units andrevealing fiscal bunglings of last year with no hope for the future

 

[krish44]

Most think indian stock market is governed by growth in industrial sector.

It is more consumption led . It is the consumer spending that fuels growth.

If money is pumped into rural areas by MNREGA leading to increase in labour wages and huge farm loan write off including those of micro finance companies and rural

money loans of money lenders is capped with regulation to lower interest rates, rural economies will boom and shift of labour to cities will reduce.

If OROP and seventh pay commission increse money in hands ogf govt and public sector employees, it will increase purchase of consumer goods besides increased

spending on holidays and travel. These definitely send fiscal deficit into tailspin but economy will revive. These are the achche din for people are waiting for.

Increased tax limits upto 5l/yr , removal of tax relief for savings will increase consumption. US of A spent relentless on fiscal stimulus . India should learn not to

squeeze and make life worse for all except a few.There is no alternative.BJP will learn from congress and do some of these measures in this budget

 

[vgane]

Increasing Housing loan Interest rebate in IT to Rs 5 lacs will also give a fillip to Real Estate sector

 

[krish44]

Increasing Housing loan Interest rebate in IT to Rs 5 lacs will also give a fillip to Real Estate sector

It is not rebate alone.

Govt should pro actively enter housing construction to build affordable flats at low prices for LIGs and MIGs.

This will bring down prices of flats by builders.

This was what was done by DDA delhi in late sixties and seventies.

Those who got these flats are crore pathis of today

 

[krish44]

My prescription for investment in stock markets.

Invest more than 50 % in consumer durable shares and balance in beaten down areas like private banks , IT and pharma which are at low levels and some public sector

banks for budget surprises. you might do well