Big Problems, Simple Solutions
This week , we are taking a new problem and that is very crucial at this time. The problem is of "Economic Crisis" in India. I briefly, explaining here what's the problem and its reason:
Small example,
Before 9 months 1 Euro € = IND Rs 57
Now, 1 Euro € = IND Rs 65
Do you think Canadian Economy is booming? No, but Indian Economy is Going Down.
INDIAN economy is in a crisis. Our country like many other ASIAN countries is undergoing a severe economic crunch. Many INDIAN industries are closing down. The INDIAN economy is in a crisis and if we do not take proper steps to control those, we will be in a critical situation.
More than 30000 crore rupees of foreign exchange are being siphoned out of our country on products such as cosmetics, snacks, tea, beverages... etc which are grown, produced and consumed here .
A cold drink that costs only 70 / 80 paisa to produce is sold for NINE rupees, and a major chunk of profits from these are sent abroad. This is a serious drain on INDIAN economy.
Proposed solution:
1. Buy only products manufactured by WHOLLY INDIAN COMPANIES.
2. ENROLL as many people as possible for this cause.
We have nothing against Multinational companies, but to protect our own interests we request everybody to use INDIAN products only for next two years. With the rise in petrol prices, if we do not do this, the rupee will devalue further and we will end up paying much more for the same products in the near future.
All categories of products are available from WHOLLY INDIAN COMPANIES.
Each individual should become a leader for this awareness..
This is a good way to save our country from severe economic crisis.
You don't need to give-up your lifestyle. You just need to choose an alternate product.
Please check the file for the list of alternative products.
IT'S OBVIOUS THAT U CAN'T GIVE UP ALL OF THE ITEMS ,SO GIVE UP ATLEAST ONE ITEM TO FOR THE SAKE OF OUR COUNTRY.
Thanks to Manish Arora, working in STM, for sharing this information. The problem as well as its solution is proposed by him.
This solution definetely has some drawbacks and may be not be best .So,please share your viewpoint on the current week's solution with me. Your viewpoint is really very important and valuable also.
Next week, I will share all the comments and suggestiion of yours with others .
Personal Interaction round is going on. Will let you know about it once it got completed.
Thanks.
Regards,
Monika Bindal
PREVIOUS COMMENTS GIVEN BY OUR READERS:
ReplyDeleteBy Sandeep Jana:
Seriously don't think it is the correct solution... if you go back to the root cause for this crisis , then you will see that it all started from Western Countries ,when banks went bankrupt over there and it slowly-2 effected every sector..so if we stop using their products again it will result in more factories shutting down, and it will have effect on every sector....Indian economy boomed earlier only because of the Foreign investments... so this solution is for anti globalization ...for the whole world economy to boom every one will have to help each other..
And even if we forget the economic crisis, a consumer should value quality of a product over anything..so if Indian products are better than their foreign counterparts, which I doubt, then crisis or no crisis people will never use the foreign products at the first place.
So if the Indian products are really worth using then people will use them over foreign products ..but using them just for the sake of it will never help the crisis, it will add to it.
The example of money equation you gave ..yes it means Indian economy is falling but the root is that there is shortage of Euro thats why its increasing in value..so the best way is to generate it.
By Deeksha Mehta:
I don't have the stats with me , but as far as I know these FDIs are also crucial for our economy as they are stable investments and build up the much needed forex reserves which act as safety cushions in time of need like financial crisis like this.
So,before sending out such appeal, i think we should have a proper understanding whether by doing this, we are actaully doing some good to our economy or indirectly harming it.The dynamics of economy are much more complex and cannot be concluded on the basis of these 2 equations.
Like a falling dollar value (which may sound good like you have put in the below mail) will also make us poorer coz our forex reserves's value will fall down steeply.......what I mean to say is like inflation may seem bad thing to a layman but at times,it is important to keep economy running.
The promotion of Small Scale industries in India is definitely a good idea,but globalization has its fair part too...so, we should have a sound understanding of things before jumping to conclusions..so let peopple give some sound logic with these appeals and then pnly send them across.
Again By Deeksha Mehta:
By this,I don't mean the appeal is wrong :),but the facts given are not convincing/adequate enough.You can have some debate sort of thing on this and people may come up with underlying dynamics and their views which may put some light on what should be done actually.
By Monika:
Hi dear,
What you are saying may right and the proposed solution may also right. I sent this mail only to get the viewpoints of others and even at my end , I am doing R&D for the same and Manish, who initially told me about this doing work at his end.
Proposed solution is not the final conclusion at all, final solution will come after proper analysis and taking view points of others.
Anyway, thanks for your reply. If got any more information about this, then reply me.
I need the support of all the people, only then We can make a difference.
thanks buddy.:)
~Monika