Thursday, 16 November 2017

Reform, the only way to perform.

India gearing up towards g3/g4 nation status need to have structural reforms. We cannot become a developed nation without these reforms.

Demonetization documented the money not in circulation. The black money holders are in the radars. Also the digital economy has been given a big push.

Demonetization arrested the jobless growth. The short cycle of black money turning to gold and then to real estate to stocks ended. The speculative dealings got reduced and hence this itself will shave off some GDP points. This is an inevitable transitionary phase.  But it arrests jobless growth and parallel markets.

 GST, real estate reforms and benami act etc will not be brought in by anyone without the firm will of shri. Narendra Modi, today looked upon by the world leaders as a man of action. In my opinion no other person would bring these reforms with a firm will, courage and conviction.

These reforms were taken in quick succession that made black money transaction guys off the market. Now there is calm after all storms of reforms. But the spring will restart with genuine growth. This growth path will necessarily follow post reforms that took place in quick succession.

The mad real estate escalation is not there but some people look at this as no growth. It depends upon what lens we wear when we interpret the happenings around us. I only wear the lens of reaching G3 status quickly, when I look at the happenings around me. Infact it checks speculation driven jobless growth. Inflation is down we need to see that.

Jobs will happen but lot of self employment opportunities arose with SME focussed finance schemes. A number of welfare schemes reached the poor strata of society. The poor, the low middle and those who want an orderly society are all with shri. Narendra Modi. 

No need for panic.

There is now a fear to abide by the law which is important in ensuring discipline in the country. People who never bothered to file income tax return in the past in India, but are always appreciative of the American way of law enforcement are now realising the need to file tax returns in India. This is a great change.

Those criticizing may suggest ways to shore up the economy after these reforms, which in the first place no one wanted to implement. The discussions should focus on how we assist the country in moving towards G3 and not on why reforms or on generating doomsday predictions. Let us be an agent to spread positivity, air of optimism around us. Too much negative noises can only pollute the environment.

In the earlier days,  it was a soft law and weak enforcement in the past.  I have seen air passengers holding the waste choclate paper in their pockets when they cannot access dust bins in Singapore airport. But first thing he does when he reaches Indian airport is  to throw it away on the Indian airport floor with no hesitation. They do not look for waste bins and also do not hesitate to throw away on the floor as soon as landing in India. We need to apply the same legal sense that we follow in those law abiding countries.

Instead of being critics, it is better to strengthen the govenment with positive suggestions.

May god bless our Prime Minister with more will power to face these critics who are always waiting for slippages in the economy. When reforms happen quickly, some slippages will happen. A calm sea never produces a skilful mariner. We cannot discover G3 status if we navigate on shallow waters near the shore fearing for slippages. I want to see G3 status atleast during my life time. I see the winds of change in that direction.

A normal election winning political leader waits for the wave and rides in it. But when the waves turn around, he gets panicky. But a visionary leader like shri Narendra Modi builds the wave and then rides on it. He does not believe in waiting too long for the waves to ride. This kind of wave building may give us some jerks but we are sure to march towards our destination of G3 in the near future.

We think of out of box solutions and suggest ways to government via their interactive websites. The govt made public participate in the governance of the country. Let us look for new ways of building the nation.

Do not ask what the country does for you but ask what we do for our country. Even a baby step taken by us in the march towards G3 can consolidate our nation. We can be a critic but we should also suggest the alternatives to overcome those criticisms generated by us by participating in the public governance platforms created for our suggestions.

We can avoid "I can only do?" theories but support "I can also lend support to government" theory. – Drdd.

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