“Both Donald Trump of USA and
Narendra Modi of India believes
in creating a strong domestic MARKET.
USA is focussing more on recruiting people from
USA only, but, due to lack of infrastructure,
India's 'Talent Retention' policy is not so GREAT.
Indian IT firms may be earning
better revenues as against the US Dollar, as
the Indian Rupee is DEPRECIATING.
But, had the Indian Government focussed more
on creating domestic job employment,
the rupee may have been APPRECIATING.
GST, demonetization may have helped the
Indian Government to increase the amount
of taxpayers' money in the National TREASURY.
But, on the other hand, exports of several goods must have
increased than its imports, had the Indian Government invested
more money tactfully on mining, agriculture, dairy and FISHERY.
Reduction of certain interest rates
is required to improve
the Consumers' buying POWER.
Unless the money gets rolling in
the economy due to high buying and selling of products,
the rate of demand of products may go further LOWER.
USA is focussing more on
creating domestic EMPLOYMENT,
by giving small startup loans to recent MBA
passout entrepreneurs who knows 'MANAGEMENT,
and then these small startup
companies are going for fresh RECRUITMENT.
So, on one hand, USA
Government is improving the
'Loans and Advances' PORTFOLIO;
and on the other hand, USA Government is constantly supporting
the Corporate Sector, Banking Sector and Manufacturing Sector
so that the demands of services and products never gets too LOW.
In 2014. this NDA Government came to power
with a support of nearly around 70% voters of India,
and hence the decision of the Indians were quite UNANIMOUS.
Indian economy is passing through such a tough stage, where the
Indian Government has to go for some economic reforms, else, the
words 'India Shining' and 'Acche Din' may become SYNONYMOUS.
The sudden strenghtening up
of US Dollar is quite STRATEGICAL,
so, RBI must use its financial tools
to make the Indian Economy more LIBERAL.”- Arindam Sain
Sunday, September 9, 2018
THE SUDDEN STRENGTHENING UP OF US DOLLAR IS QUITE STRATEGICAL, SO, RBI MUST USE ITS FINANCIAL TOOLS TO MAKE THE INDIAN ECONOMY MORE LIBERAL !!!
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