Euphoria
Indian markets have been rising relentlessly.I have been watching them with awe.Liquidity from overseas and short covering is taking the markets up and up. India is growing well and sectors affecting domestic economy are growing well too.How long would this rally continue? When will investors pull their money out? How much is the FII inflow going to be? Some are saying that as much as USD 23 Billion are likely to be invested. Our very own LIC will also be investing close to USD 10 billion. If that be so then markets are not likely to tank anytime soon.
What are the threats to Indian economy? I think they are (a) poor governance, (b) all talk and no action on ground,(c) slow progress of infrastructure development, (d) big scams like IPL gate and CWG, (e) failure to punish the culprits and denying justice to the common man.
Unless these issues are taken care of seriously the economy would not grow to its full potential. Our representatives in the parliament are very efficient in increasing their own salary but have no time to resolve the real issues of governance. In fact we need to change the mindset of our people. In a democracy people are the rulers, not subjects. We elect MPs to govern the state. They are not our 'rulers'. They are mere 'representatives'. But years of 'King and its subjects' mentality has removed these ideas from our psyche. The UPA is not a 'ruling' coalition, it is a 'governing' coalition. Even media needs to adapt this phrase in their speech.
I feel that unless we take active interest in our governance these issues would never be solved. We need to assert our rights and question our representatives from Gram Panchayat to the PM. That is the real spirit of democracy. It is such a change that I wish to see. Economic growth will easily happen in such an aware society.
rgds
Vibhas
Posts
3 comments:
Aptly put , Vibhas! I especially liked the "ruling" and "governing" distinction.
Thanks KC. I was busy with some work hence could not update the blog. Will do more often now.Have you collected your 1000 Larsen shares so far or no? It has a very bright future.
Apropos Vibhas for your views. If We as indians in general wants all these evils to go ONLY WE AS CITIZENS will have to be awake. I have been following one rule since last election... "NO VOTE" rule. When we find that the candidates fighting Elections are corrupt,inefficient,uneducated use "NO VOTE" tool (As I did in the last election)Though this facility is not available on the EVMs there is a provision by which you can declare to the Presiding officer of the polling booth about your desire for "NO VOTE". PO has a separate register with him in which such votes are to be registered (As i also registered my "NO-VOTE" to any of the candidates. Such votes are counted as NEGATIVE against the winning candidates and his winning margin reduced by such votes. (Just like Negetive marking in the Competitive exams)What i observed was i was the lone citizen doing such voting. If we do the same in mass it will have the real effect. We have no right just to discuss the evils of our MP and not doing our duties of NO VOTEing them in the election. Let us spread this message to all
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