Sunday, September 1, 2013

Unraveling a Decade of Misgovernance and Mismanagement.

Growth of any sovereign nation is driven by a proactive government which takes pertinent measures to improve the overall growth of the country. The last ten years of UPA rule will be called a decade of no governance and complete chaos where there is no centralized accountability and responsibility. There is ambiguity everywhere and a dummy prime minister who is only there to become a scapegoat one day.  I still remember the India Shining Movement when the world was looking at us with hope and It started in early nineties when India decided to open its market to the world and harness the fruits of globalization. That was the time when India became the destination of foreign investors as they saw a stable and proactive government lead by A B Vajpayee. NDA didn't inherited a sound economy as there were instability and unrest in Indian parliament in mid and late 90's. NDA took world by surprise by becoming a nuclear nation and taking various economic steps like emphasis on infrastructure and allowing FDI in multiple sectors like telecom, aviation  and even mooted FDI in retail. This was a boost to the manufacturing sector and created a conducive environment for investors (both foreign and domestic) which eventually lead to lesser fiscal deficit and our dollar reserves were in better shape. This was the golden period of indian economy when the sensex was at all time high and the growth was way above 8 percent. 

Suddenly when the situation was about to be ameliorated, Sonia Gandhi came to the rescue of belittled congress party. There is an adage if you have a Gandhi surname people of India want you to be prime minister. Congress party is a family business party where one family has a birth right to be prime minister and the rest of the lot is a whole bunch of sycophants. In India some illiterates start worshiping humans rather than evaluating and voting the  potential educated leaders having caliber and potential. India voted for Gandhi family again and the verdict was for Sonia Gandhi but because of security reasons she turned it down and gave us a dummy sycophant PM. She was well aware of his toadyism attitude , loyalty towards Gandhi family and honesty.  For the last one decade Indian Government is not driven by the prime minister but by the so called "Dual Power" introduced by the king maker UPA Chairperson. This vicious "Dual Power" concept introduced by Mrs Gandhi was misleading in which PM is made responsible for all the bad and the credit goes to her each time. Be it Indo-US nuclear deal, Food Security Bill, UID project or RTI the credit goes to Gandhi family. When it comes to scams like 2G, Coal gate,  CWG etc PM becomes the scapegoat and the buck stops there. I hope country will understand this and will take necessary action at right time to respond well against the conspiracy of the UPA Chairperson which worked against the country.

Our economist PM failed to keep the pace with which economy was growing at the time he took over PMO.  Sometimes i suspect the role of Dr. Manmohan Singh as finance Minister in Narsimha Rao's regime and his hands behind the economic reforms of 90's. Subhramanium Swami claimed that he played an important role in the economic reforms of 90's and he is the one who created blue print of the reforms,  which helped Indian economy thrive and opened Indian market to foreign investments. 2008 world depression was the time when world investors banked on growing economies like BRICS. India was not able to capitalize the opportunity created by 2008 global crisis. Although the global woes continue but nobody is buying the excuse given by UPA government  to defend the falling INR and Indian economy.I feel that India should be least affected because of 2008 recession because our manufacturing sector is cost effective and the exports should soar up and current account deficit should be negligible. Soaring imports especially gold and crude oil is a nightmare affair for any country but shouldn't we learn from a country like japan which has reduced the dependency on crude to a sizable extent. UPA tried to do so by signing civil nuclear dear but they lost its track very early. Recently we have seen Gujarat government harnessing solar and wind energy. There was a proposal by Gujarat govt  to connect the port cities with rail network which can decrease the  dependency on crude. Last but not the least we need to support our manufacturing and agriculture sector. Recently we have brought in Land acquisition bill but there is no way govt land can be allotted to farmers for farming purpose as in other countries like Australia.  These are some of the measures  which along with other successful economic measures which can be taken to boost the declining economy. 
Today Indian economy is going through tough times. This is the worst crisis where the foreign and domestic investors have lost the trust in this economy. Current Account deficit is worst hit at the helm of bad performing manufacturing sector and when the crude price and gold price in international market is sky rocketing. GDP's numbers are disheartening and are gradually declining rather than being stagnant or pull back. Fiscal Deficit is increasing and Food Security Bill (FSB) added fuel to the fire. Rather than securing the right to food it will lead to scarcity of food grains in the country. At a time when majority of the small and midsize farmers have stopped cultivating rice, wheat etc and have switched to other lucrative farming options, FSB will not prove a deterrent to secure food. FSB will force government to stop increasing the MSP because otherwise it will increase the subsidy burden which will eventually increase the fiscal deficit. FSB will be misused and will boost corruption.

The help poor of this nation needs from government is free and compulsory education , free healthcare (health insurance) and eradicate unemployment. For the past six decades Indian  government  has failed to implement compulsory child education and still child labor is prevalent in the country. Believe me if you want to eradicate poverty you need to give free and compulsory education. If parents are not able to give education to their children government should immediately take them in their custody and put them in government funded residential schools. We have sufficient funds to give free education to all children including those who are begging on roads , those who are working as household help and those who are working on road side shops and carts. The Women and Child sexual abuse is on the rise and in the last six decades we have failed to secure their rights. We can eradicate this menace if we educate the future of this country.  I think the money which we have allocated for FSB and failed schemes like NREGA  should be used to eradicate poverty by providing residential schools for underprivileged children.

I think the approach we Indians follow is preventive rather than proactive and corrective. India has the top notch potential and today Indians are deriving the world economies and high tech industry is completely influenced by headstrong Indians. I hope the country should follow "India First"  approach and stop fighting on regional and religious lines. We need to stay united and take this country ahead and the onus of this lies on civil society, politicians, economists and think tanks. Jai Bharat Jai Hind.