Dear FM…,
Arun
Jaitleyjee….,
We have already
been facing a deadly crisis..., perpetually during the past decade… that was further
driven by the constant increase in the rate of Un-employment, which only
further weakens the creation of demand factor in the domestic market resulting
thereby in gradual crumbling of a viable business environment.
Well…, Now it is
a vicious cycle, the Government that was trying to move out gradually from the
socialistic pattern of society to a more open market economy so that the market
forces could possibly take due care of all parameters of the Indian economy……, But…
But the ground
reality turned out quite different from the theoretical expectations of the
first Economist PM of the country. Subsequently what followed has been sharp
increase in the rate of hyper-inflation, the gradual increase in fuel prices
further added to the crisis and also the widespread growth of the economic
criminals who abused all the by-laws of the so called liberalization of the
Indian Economy with the spineless Government paying zero attention on any kind
of strict legislation to curb the illegal activities’ of the economic criminals
so as to keep the rate of growth inflation under check. This further gave rise
to the growth of crony-capitalism…!
It was obviously
followed by reduction in the activities related to the growth of
Infra-structure because of growing corruption, heavy increase in the project
costs due to the terrible increase in the prices of the real estate industry
coupled with the sharp increase in health care / pharmaceutical industry , communication
and hotel industry; all these factors lead to the gradual crumbling of
manufacturing sector, followed by the increase in the rate of un-employment,
and we have reached a blunt end where the Demand factor in the domestic market
is now at its lowest ebb ; a factor that is of prime importance for the revival
of any economy. Hence the state of the economy of Bharat has been completely
ruined beyond any scope of possible repair in near future. The net result is
that the backbone of the common masses has been completely crushed..!
With the
Government agencies completely unsuccessful in curbing inflationary tendencies
prevalent in the real-estate industry, as well as consumer product industry and
the pharmaceuticals’; the business community has also added fuel to fire. They
have misunderstood the fundamentals of the liberalization of the economy and
have started charging very high rate of profit margins at the retail and
wholesale level.
The irony of the
fact is that the manufacturer or the farmer doesn’t earn as much as the ordinary
trader whether he is a wholesale dealer or the retailer. There is no check on
the percentage of marginz that are being charged by the these dealers’ at the
wholesale and retail level so much so that all kinds of checks and balances
being imposed by the so called imported Economists in the country who have been
trying to execute all kinds of economic formulas to control the economy thru
macro-economic measures’ have completely failed. It is high time that the
charging of abnormally high rates of profits by the trade and industry should
be declared as an economic offence against the State and the people at large.
The end-result
of encouraging crony-capitalism is that the common masses are wilting in the
rage of struggle for survival and the haves are minting money while the economy
is plunging into perpetual darkness.
The country
doesn’t need a gentleman like the erstwhile PM but instead a hard task-master
who could put tight legislative controls on the present open-ended loot being
sponsored by the trading community without any fear of being taken to task. The
trading community doesn’t constitute even 3% of the total population but the
common masses that are affected terribly constitute more than 65% of the
population. This is the vote bank that voted your party to power with the
fervent hope that your Government will bring some pragmatic changes in the
economy of Bharat as a whole.
Remember…, Unless
a proper legislative check is not applied on these traders at all levels, the
common masses will continue to suffer, physical demand for commodities will
never increase, sales will go down continuously, which will badly effect the
manufacturing sector and hence further increase in the rate of unemployment…!!!
Hence curbing of
all kinds of activities of the economic criminals that has been the root cause
of the acute spike in the adverse growth trajectory of artificial inflation and
also fixing the margins of the traders whether belonging to the consumer
product industry, industrial product industry, pharmaceuticals or the real
estate and that too both at the retail and wholesale level, a policy that was
adopted and propagated by Chanakya is the need of the hour.
THE FM needs to arise, awake and stop not
till thy goal is reached
.jpg)
