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Regarding the point of asset monetisation & privatisation. I guess the best way to boost a slow moving economy is, by re-enhancing the economic activities.
The expenditure of the consumers need to be at a certain level of satisfaction. Certainly, behavioral trends shows that consumers (middle and upper class) are likely to save more rather than spend.
The irony lies with the lower class of consumers who does not have the money to spend. Thus, this is like an effect which is hampering the economic growth lately.
The best measure I wish should be taken is distributing money among the population, especially among the lower class who tend to spend more and not save. That will ease a lot of thing and slowly will indicate something.
I guess we need to start at a certain point to save the economy, and have to test which way works the best.
Privatization could be beneficial for a certain period, but not in the long run. As, we see in the world, large capitals are running towards the governments to save them. Therefore, we cannot completely rely upon privatization.
Regarding your point of lower classes tending to spend rather than save – you’re right and that’s exactly where the problem lies. Savings lead to investments and they lead to channelize towards productive consumption. Small scale spending on essentials will make economy go further deep into trouble and we won’t be left with any money to rescue. All downhill from there.
Also since <1% pay tax we don't have enough fiscal space. This is the right time to sell off all the PSUs, this jargon of strategic sector PSU is a complete hogwash by bureaucrats to retain post retirement postings for themselves. Sell them PSUs.
Thanks for your reply. However, India could be in a stage of Staginflation where selling the public sector will not be a solution. There is no cash in hand. Thus, the pending is less.
The indirect tax on essential commodities are intact and in flow of cash to the central reserve is there. However, what is needed now is to get into a feasible point to save the economy and, I thing selling off the PSU would not pay the price. As, the government has to the take the responsibility for making these “jargon of strategic sector PSU is a complete hogwash by bureaucrats to retain post retirement postings for themselves”.
Indian Economy Will Boom To Explode.Next August Is Only One Year Let US Wait and Watch
Regarding the point of asset monetisation & privatisation. I guess the best way to boost a slow moving economy is, by re-enhancing the economic activities.
The expenditure of the consumers need to be at a certain level of satisfaction. Certainly, behavioral trends shows that consumers (middle and upper class) are likely to save more rather than spend.
The irony lies with the lower class of consumers who does not have the money to spend. Thus, this is like an effect which is hampering the economic growth lately.
The best measure I wish should be taken is distributing money among the population, especially among the lower class who tend to spend more and not save. That will ease a lot of thing and slowly will indicate something.
I guess we need to start at a certain point to save the economy, and have to test which way works the best.
Privatization could be beneficial for a certain period, but not in the long run. As, we see in the world, large capitals are running towards the governments to save them. Therefore, we cannot completely rely upon privatization.
This is what I feel would be great if focused.
Regarding your point of lower classes tending to spend rather than save – you’re right and that’s exactly where the problem lies. Savings lead to investments and they lead to channelize towards productive consumption. Small scale spending on essentials will make economy go further deep into trouble and we won’t be left with any money to rescue. All downhill from there.
Also since <1% pay tax we don't have enough fiscal space. This is the right time to sell off all the PSUs, this jargon of strategic sector PSU is a complete hogwash by bureaucrats to retain post retirement postings for themselves. Sell them PSUs.
Thanks for your reply. However, India could be in a stage of Staginflation where selling the public sector will not be a solution. There is no cash in hand. Thus, the pending is less.
The indirect tax on essential commodities are intact and in flow of cash to the central reserve is there. However, what is needed now is to get into a feasible point to save the economy and, I thing selling off the PSU would not pay the price. As, the government has to the take the responsibility for making these “jargon of strategic sector PSU is a complete hogwash by bureaucrats to retain post retirement postings for themselves”.
Indian Economy Will Boom To Explode.Next August Is Only One Year Let US Wait and Watch