" India's gross domestic product (GDP) growth in the April-June quarter is disappointing "
Finance Minister Pranab Mukherjee
Even a first standard kid except our finance minister knows , if interest rate hike is going on in this pace that will affect over all demand and growth
BUT
* NO LONG TERM PLANS TO BOOST FOOD PRODUCTION
* NO INFRASTRUCTURE AND LOGISTICS SUPPORT FOR EFFICIENT DEPLOYMENT OF AVAILABLE RESOURCES.
* NO SINCERE EFFORTS TO CHECK FAKE CURRENCY
* NO ACTION TO BRAKE CARTELS FORMED BY MAJOR PRODUCERS.
* NO CLARITY ON ENVIRONMENTAL ISSUES RELATED WITH MAJOR PROJECTS.
* NO STERN ACTION AGAINST TREASURY HIJACKERS
ONLY DIALOGUES ,CONCERNS AND INTEREST RATE HIKES.
IF INTEREST RATE HIKE IS NOT TO CONTROL DEMAND AND REDUCE INFLATION - WHAT IS THE PURPOSE OF THESE RATE HIKES ?
IF YOU KNOW ANY MAGIC TO KEEP GROWTH RATE AND INTEREST RATE AT HIGHER LEVEL SIMULTANEOUSLY EXCEPT DATA MANIPULATION ,PLEASE COMMENT .......
Hi valuepick here are my suggestion...
ReplyDelete1) Decrease bottelneck in logistic sector only this will increase GDP by couple of point.Allow private Player like "Arshiya international" to operate more railway slots and rest they will do... I am a mariner so I know difficulty :)
2)Interest rate should be not uniform and should be subsidized for priority sector.
and please tell this govt to stop printing money...... stop NEREGA, Food security bill
all this only goin to increase inflation.