What next for Mr. Modi- Tailbacks and solutions

Post-poll surveys have given a picture of the formation of a stable government at the center led by the National Democratic Alliance. It is almost sure that the nation would be administered by a leader with proven track record in the state of Gujarat. Covering lakhs of kilometers for campaigning and connecting with people is a past proposition. What await Mr. Narendra Modi are the aspirations of the unemployed, lack of prospects for entrepreneurs, high price-victim households, and paralyzed economy. Though tough circumstances have in the past as well tested the brain of this proficient leader; tacking the ambitions of millions of Indians would call in for elevated hard work and visionary capabilities. The new government must not forget that post five years of governance; it shall too be evaluated by the then voters.

Ranging from bringing in transparency with respect to auctioning of resources like coal and spectrum to advancing the legislative and technological domains, the nation expects enormous reforms from the new government. Vital to note, UPA inherited an exceptional GDP, which will not be the case with the NDA. The crying GDP of below 5 percent, ever-high fiscal deficit and balance of payments, and restricted earning prospects for the youth will be the key areas of consideration. Mr. Modi has demonstrated in Gujarat that out of box measures deliver expected outcomes if planned and executed in a well-defined manner. Thus, rearrangement of the complete fiscal and economic domain with a view to exploit the opportunities and curb the limitations will be the need of the hour.

Overseas Direct Investment and Foreign Direct Investment can be encouraged, leaving aside the areas wherein such investments can cause troubles. It is to be noted that FDI can bring in the much-awaited prospects of enhanced production means as well as employment. The new government can rethink the duties payable by importers with a view to infusing healthy competition in the domestic market and helping Indian consumers attaining superior-grade goods and services at comparatively low prices. Unorganized employment too is an area of concern. Though such employment trims down the count of unemployed residents; standard of living never boosts up. For instance, youth unable to fetch a salaried job, opts to earn via labor work, which can never uplift the status of living of the Indians.

Another area of concern is the elevating share of the service sector in our GDP. Though India has been the most preferred outsourcing partner of multinational companies since past many years, the more than tolerable share of this sector can mutilate the pillars of the economy. A lesson here has to be learnt from China which has been a hub of manufacturing and is now competing developed nations with hostile outlook. The solution is not to curb the service sector, rather workable and quick reforms have to be instigated for the furtherance of the manufacturing sector. Import of technical know-how, machines, and new techniques of producing must be encouraged with a view to extending competitive edge to domestic producers. Herein, rethinking of the FDI policy can play a vital role.

The pros and cons of the globalization aspect have to be reworked. The new government shall allow extensive bringing in of technology, however imports in sectors like garments can be limited to help domestic producers reap the advantage of available resources. Import of distinctive goods and services has to be reevaluated in light of the detriment caused to domestic producers and workforce. A preferred model can be an assessment in terms of loss of earning prospects for the domestic workforce, and advances in the cost and manner of production. Rather than baselessly following the regulations forced by the WTO, India will have to open new doors and shut those which are prejudicial to the economy. Surely, Mr. Modi and his men will prove talented enough, and will comprehend state of affairs prudently.

75 thoughts on “What next for Mr. Modi- Tailbacks and solutions

  1. Subodh Narain

    An intriguing discussion is definitely worth comment.
    I do believe that you ought to publish more on this issue,
    it may not be a taboo matter but typically people don’t speak about such topics.
    To the next! Cheers!!

    Reply
  2. D.C. Agnihotri

    Can I just say what a relief to discover someone that actually understands what they are
    talking about over the internet. You definitely understand how to bring a problem to light and make it important.
    More and more people really need to read this and understand this side of the story.
    I was surprised that you aren’t more popular since you most certainly possess the gift.

    Reply
  3. Deven

    Woah! Ι’m reallly enjoying tɦe template/theme οf thiѕ website.
    ӏt’s simple, yеt effective. Α lot of times it’s tough to ցet that
    “perfect balance” betѡeеn usability ɑnd appearance.
    Ӏ must sаy you’ve ԁone a amazing job ԝith thіs.
    In addition, tɦe blog loads extremely fast fоr me on Chrome. Outstanding Blog!v

    Reply
  4. S.K. Rana

    Hello! I simply want to give you a huge thumbs up for the great info you have right here on this post. I’ll be coming back to your site for more soon.

    Reply
  5. P.N. Pathak

    The next time I read a blog, I hope that it doesn’t fail me as much as this one. After all, I know it was my choice to read, nonetheless I actually thought you would probably have something helpful to talk about. All I hear is a bunch of whining about something that you could fix if you weren’t too busy seeking attention.

    Reply
  6. Sushma

    Hi there to every one, since I am really eager of reading this weblog’s post to be updated daily. It contains fastidious stuff.

    Reply
  7. A.A. Sharma

    Thank you for the introduction to the new website. I’ll be re-visiting it many times, but on a fast run-through it looks really great.

    Reply
  8. S.K. Kapoor

    I’m amazed, Ӏ mսst say.
    Rarely ԁo I cоmеacrߋss a blog that’s both equally educative ɑnd amusing, and աithoutɑ doubt, үou’ve hit tҺe nail on the head.
    The problem іs something whіch not enough folks ɑге speaking intelligently ɑbout.
    I’m νery happy that I stumbled across Һis Ԁuring my search foг something relating to tɦіs.

    Reply
  9. P.N. Pathak

    The next time I read a blog, I hope that it doesn’t fail me as much as this one.
    After all, I know it was my choice to read, nonetheless I actually thought you would probably have something helpful to talk about.
    All I hear is a bunch of whining about something that you could fix if you weren’t too busy seeking attention.

    Reply
  10. Vineet

    If some one wishes to be updated with most recent technologies therefore he must be pay a quick visit this site and be up to date all the time.

    Reply
  11. N.C. Tiwari

    I just want to say I am just all new to blogging and site-building and absolutely enjoyed this web site.
    Likely I want to bookmark your site .
    You actually come with amazing writings.
    Bless you for sharing your web page.

    Reply
  12. Sandeep

    I just want to mention I am all new to weblog and truly savored this blog site.
    Likely I’m want to bookmark your blog .
    You actually have terrific articles.
    With thanks for sharing with us your web site.

    Reply
  13. S.K. Rana

    Hello! I simply want to give you a huge thumbs up for the great info you have right here on this post. I’ll be coming back to your site for more soon.

    Reply
  14. Krishan

    An intriguing discussion is definitely worth comment.
    I do believe that you ought to publish more on this issue, it may not be a taboo matter but typically people don’t speak about such topics.
    To the next! Cheers!!

    Reply
  15. Pawan

    I was extremely pleased to find this web site.
    I need to to thank you for ones time due to this wonderful read!!
    I definitely really liked every little bit of it and I have you bookmarked to look at new information on your website.

    Reply
  16. Atul

    Can I just say what a relief to discover someone that actually understands what they are talking about over the internet.
    You definitely understand how to bring a problem to light and make it important.
    More and more people really need to read this and understand this side of the story.
    I was surprised that you aren’t more popular since you most certainly possess the gift.

    Reply
  17. M.C. Chawla

    I appreciate you finding the time and effort to put this information together.
    I once again find myself personally spending a significant amount of time both reading and commenting.

    Reply
  18. M.G. Arora

    Nice post.
    I learn something new and challenging on websites I stumble upon everyday.
    It’s always interesting to read through content from other authors and practice something from their web sites.

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *