Industrialists concentrating more on manipulation of money market to make quick wealth, istead managing their core business with hard work and honesty is the main reaon.
Since you desired that the views should be penned after some study, I like to put forth some as I understand it.
1. Why a moderate good quality Car should cost more than a moderate house? Why our indegeneous manaufacturers are not able to produce vehicles and other materials of equal or better quality compared to the imported ones and the ones manufactured locally by them in India? Why the HM is langiuishing while every other foreign brands here are able to grow?
2 Why are we exporting most of our national wealth in raw form dirt cheap, and import the finished products at very high cost? Why is that we have to import Telecom Hardware and soft ware from foreign companies while our telecom PSUs lot of infrastructructure and excellent manpower are idling?.
3. Why 1000 acres of arable land is required for a 'Small Car' factory. Welligton Island in Kerala which occupies a Major Port, The Naval HQ, Air port, Railway terminal, many big godowns and other related infrastrure, is only 800 acres.
Why is it necessaryt to take over cultivable and fertile agricultural land from farmers, for SEZ; and that too in thousands of acres where lots of waste lands across the country begging for development ?
4. Why private oil and natural gas explorer is allowed to export the countries natural wealth while the country is importing these to meet for most of it's need?
5. Why is the industrialist go on increase the prices commodities like Steel, Oil etc., unresonably while Mother Earth never increase the cost of these? For example unit price of the natural gas at the exploration point is less than 1 dollar, but look at what price it is sold? Similary Mother Earth give the oil free, and people put exorbitant cost to it.
6. Why are the land price and cost of buildgs sky rocketing for no reason?
Why good quality education and hospital facilities are so expensive and beyond the reach of comman man? Why a fresher is paid 5 to 10 times the salary of an already working person of ten years experience?
7. Why are there thousands and thousands of Mutual funds when most of the exisitng funds do not pay any dividend for years and the invest capital growth is negative and the fundmanger continue to live lavishly eating into investors capital? Why are companies allowed to bring in high value IPO's without adequate ordr book value in sight?
8. Why is it that while National and Private banks made huge profit year after year, they charge the customer for everything; startinf from the cheque leaf to the credit in cash to one's account from an out station bank?
9. Why is it while fuel price went up by less 5%, many govt. and private transport companies increased cost of travel and transport by 20 to 30% and then no reduction done while fuel prices were reduced more than 10%.
10. Why are our political leaders invariably, want to be cheered with huge flower garlands costing tens of thousands rupees while the poor families they suppose to represent are langishing for at a day's meal? At leat 500 families can have days food with that sort of money?
The list can go on. I would request the members to have a look at the topic 'Correction not Recession' posted by me elswhere in this space.
How can we call if changes happening to these now a 'Recession". The inevitable and dire need of the time was a 'Correction' of mind set of various stake holders; in Private as well as in the government agencies across the globe, and that is what is happening now. not willful but out of compulsion. This correction is for a positive a change. Let us keep our fingers crossed?
By :
Abraham Paul
