We are catching wrong train!

We are catching wrong train!

Currently we all are discussing whether India can achieve $5 trillion GDP. If we look at the growth rate India’s ex prime minister left with, with a formula of compounding anyways we were headed for $5 trillion mark. While current government is trying to set up this 2024 election agenda, we saw almost no counter debate on this in parliament. Except Ex Home minister Chidambaram who countered this with compounding logic, on which current finance minister said, “so why are we sitting here if we are anyways going to achieve that target”
All this is done for mainly 2 reasons

  1. To create an image for investors at global level that we have set targets for ourselves. So don’t miss the train!
  2. For people of this country, that we achieved what we promised.
    Here, current government might achieve second point.
    but its highly unlikely to convince global investors, they are more equipped with statistics.
    Government should be concerned with investments and not votes.
    On one side we are setting up targets and on the other hand we are giving cold shoulder to people like Jeff Bezos.
    Yes, Amazon is a threat for small medium micro retailers but they’re ready for tie ups.
    Recently Amazon partnered with Kirana stores.
    Just snubbing Jeff Bezos because newspaper owned by him, The Washington Post published something negative about current government.
    Amazon is future, this is the real train which we need to catch to achieve $5 trillion GDP.
    Why can’t we have a word with Amazon and ask them to involve our domestic retailers.
    Or are we trying keep a space for reliance in market because they’re planning to join the online retailers party!
    We can have both, Reliance and Amazon. This healthy competition will be good for retailers and customers.
    Just like Ola Vs Uber! People enjoyed free rides and later on they tied up with auto and taxis.
    Current government need to keep policy and politics separate.
    We are catching wrong train!

Published by sachinsangle170

I have completed my masters in finance. Currently working for Tata trusts

Leave a comment

Design a site like this with WordPress.com
Get started