Economic slowdown and Indian Budget 2020:

BJP led Indian Government should stop implementing RSS agenda and start listening to economic experts. Presently PM Modi is busy in pleasing few super rich industrialist and businessman. These Businessmen gives highest donation to BJP during election. However, Businessmen are not economic experts; they are expert of running a company profitably. They have their own hidden agenda to generate more profit for their company by requesting government to make favourable policies. They are focussed on their business not on Indian overall economic growth.

Government should trust more on Bureaucrat and let experts do their jobs. If PM or FM need advice they should listen to Nobel Laureate. Even if opposition parties especially our Ex-PM Manmohan Singh, who changed the course of Indian economy in 1991 and again in his tenure as a PM, wants to give advice, Government must be open to listen to his advice. Unfortunately, presently, this is not the case.

A good Government must have a long term vision. Government should focus on new ways to generate revenue rather than selling profit making PSU’s.Reducing corporate tax was a short term solution for long term problem of economic slowdown. Disinvestment of profit making PSU’s is another short term solution. To make a balanced budget, Govt. should focus on Agriculture and farmers.

A realistic Budget is far better than a popular but unrealistic budget. This is because every surprise brings panic in market. Though I am not a economic expert but as much as I learned about economy as an investor I find more and more economic experts suggesting Government to increase spending on infrastructure project which will generate employment and demand in market rather controlling fiscal deficit. Also, reduction in personal taxes are important, which will give purchasing power to people.

An extra ordinary problem needs extraordinary solutions. India is facing huge economic slowdown. GDP is at its lowest level in last 6 years. Everyone has very high expectations from Government, because this Budget will decide our direction in this new decade.  


Definition:

Fiscal Deficit: The difference between total Income (revenue) and total expenditure of the government is termed as fiscal deficit. It is represented in terms of percentage of national GDP.

GDP= Gross Domestic product: It is a measure of the value of economic activity within a country. It comprise of market values of all final goods and services produced in an economy during a period of time.

Wars and Elections

In recent time, wars are becoming tried and tested formula for winning elections. Whenever Existing Government loses popularity and feels it difficult to win elections again, they either initiate a conflict or escalate any dispute to divert public attention from real issues.

Recently we saw same thing during Indian Election where BJP Govt. converted Pulwama attack  into Indo-Pak war. Now US Elections are coming and Mr Trump is losing popularity. Thus, it seems that Mr. Trump is considering a war as the solution to re-gain popularity.

Today we saw its beginning when U.S. airstrike killed Maj. Gen. Qassem Soleimani, leader of the foreign wing of Iran’s Islamic Revolutionary Guard . Soleimani was not just Iran’s top-ranking military official but he is also very close to the country’s Supreme Leader Ayatollah Ali Khamenei. In a message published to his official website, Ayatollah Ali Khamenei said “harsh revenge awaits the criminals” involved.

Pentagon is calling it a “decisive defensive action”. The Pentagon also blamed the Iranian general for orchestrating attacks on coalition bases in Iraq in recent months, including an attack on 27 december that culminated in the deaths of an American contractor and Iraqi personnel.

Iran influence is increasing in the gulf region and US and its ally does not like it. It is Election time in US and anything is possible. Any escalation from Iran side may convert this tension into a war.

We, as a citizen and voters of different countries must understand that we should not let wars and offensives distract us. We should cast our vote based on five year performance of government not on emotional outburst or instant patriotism. Because electing right government is more patriotic then supporting corrupt government. Governments will stop waging wars once they realise that wars will backfire on their popularity. Let’s say no to wars and yes to peaceful resolutions of any dispute. Let us keep humanity first and live with peace and harmony.