Economy Downgrade and Downfall – Both are a foregone conclusion

Exactly a year ago ( March, 2012), i wrote about the ‘tough times’ India is likely to pass through . Read this link

Again , six months back ( 11 October , 2012 )  , i wrote that India is heading towards an economic disaster .
After the recent budget  ,i have expressed my views clearly on the year 2013-14. So far, all predictions have stood the test of time and proved right …..
My last blog was written on 01 March 2013,

I am not an economist , so in case, my predictions go wrong ( so far, i have not been wrong on a single occasion ), i do have an option to take refuge in my lack of educational qualifications in the Economic theory unlike the proficient doctors of economics do at PM’s office , Planning Commission & the Finance ministry …..

My belief is that in 2013-14;

1. This Government will struggle to revive growth

2. Inflation ‘might’ ( 50 % chances ) come down a bit , as consumption story of India will go down

3. Manufacturing sector will slow down

4. Fiscal deficit will increase, and might create a balance of payments problem , or the Government will open more avenues for FDI ( or bend to the demands of the industrialists )

5. Tax collections will go down

6. Divestment target will not be met under the current situation unless some more ‘targets’ are divested

7. India might face a ‘security threat’ before the next elections

8. Investor confidence cannot be revived due to ‘Governance deficit’ and ‘Scamful’ Government at the centre .

Also, you can expect this Government to come out with injecting ‘Oxytocin’ in the economy as mentioned in my earlier blog ….. but this will be a short-term story, and will further dent the strength of the economy

Overall, not a good omen for job seekers and this nation . Hopefully, this will be the last budget for Congress

Rajendra Pratap Gupta 

Today, my friend from the US send me this link Which talks about ‘India headed for economic doom’ according to a prominent US Think Tank ….. Well, i have said that a year ago with all the supporting data…. and dwelled much more in detail
This  Government wants to spend more , earn more only on the basis of ‘Hope’, accepting a fiscal deficit of USD 75 Billion ! Which to me, appears to be a foolish and insane ! I have still not got a convincing answer about where this USD 75 Billion dollar will come from ? FDI or FII ? This country ( Economy ) is waiting not just for a downgrade , but for a downfall !
UPA – I was a classic case of the Government being ‘Exposed’ to time driven growth , and UPA – II is a unmistaken case of ‘Exposure’ of this failed , clueless & corrupt dynastic Government
We need serious action . Opposition is also on the verge of letting down this nation
Rajendra Pratap Gupta 

One comment

  1. Pingback: The Titanic is Sinking . Can we do something ? | A Common Man's Blog

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