JUL-SEP 2007 Vol 3 Issue14

Brainwave                                                 

 

Indian Economy 2007

by Asif Aqil,
MSc Statistics, 1st sem
University of Lucknow

Sky rocketing market, budding entrepreneurs, erudite technocrats and an always promising government about the Golden Era, is it a dream or a reality? A conundrum that is perceived by all in different measures.

The Reserve Bank of India’s annual Credit policy review Boasts the growth rate at 8.5% , while Inflation has been flashing its move at 5%. In contrast to all these, tall  claims development proved to be damp squib with agriculture sector trailing behind. Organised agri retail plans of the big blue chip companies is going to be the last nail in the coffin of the farmers. The backbone of India is under virulent pain and the farmer’s suicide has become page two news with hegemonic bosses offering consolences and remedies. The lower middle class is facing the ire of inflation whilst our politicos are busy shaking there legs  fulfilling there wanton desires. Political nepotism and mud slinging have become the favourite shuggle of our hegemony.

Is the government giving people hope or making them live faustian dreams? The answer lies in our own introspection. In the rage of the modern times we are losing our morales and human values. The golden figures of GDP and growth show us a mirage of developmental boom, but what an irony that our motherland still reels under  of gloom of threat perpetuated by the natures fury unleashed in floods and famines and our own home grown foe of Global warming has been giving us illusive warnings. It seems in the lure for lucre we are going so fast that one day we are going to lose ourselves to tall concrete giants looming large at our futures.

It is high time that our politicians should strike a balance between political will and their duty towards the people of their country. Our hopes lie in the confluence of Global partners cutting across diversities and individual gains giving wings of fire to the dreams and ambitions of the common Indian.

Disclaimer : The views expressed in the articles are author’s own. B’Cognizance or IIITA is not liable for any objections arising out of the same. The matter here is for academic use only.

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