India at bigger crisis..

The whole world is being squeezed by the imp called inflation and world nations are suffering great pains to rebuild their economies and start from the scrap to make the people feel their investments and savings are secure. Some of the countries have also taken strict measures to make sure their citizens don't suffer due to unemployment by restricting foreign citizens from getting into the companies and other firms in their countries. When it comes to a nation, there is nothing wrong in being selfish and planning for the people and nation's progress in the future. And that is exactly what the world nations have started to do. Many IT firms based in India are almost completely dependent on U.S and European markets for their projects. Now, with U.S.A being badly affected by financial crunch, the Americans prefer saying NO to outsourcing, which means the danger light has been switched on for the Indian firms. Indian companies are so shrewd they knew they would be required to face a situation as bad as the one they are experiencing now beforehand and tried their best to transfer their sources to other parts of the world. Unfortunately, this effort was not completely successful and as a result, in spite of all their hard work, our firms had to face some losses in terms of foreign income and share values. This has been reflected by the firms' stands on recruitment processes, for which a temporary halt has been put. Thus, there is a blockade for foreign income to get into India now. To add to this crisis which is quite common in all the countries at present, the terror attacks on the three of the best luxury hotels in Mumbai has resulted in many foreigners hesitating to even turn back to India again in the future since the targets were these foreigners and more specifically, Israelis, Britons and Americans. Life is more important than tourism. So, we can expect a strong depreciation in the quantity of foreign inflow due to terror attacks and the already existing economic crisis, which means India would be the most affected nation during this crucial period. Let us hope the recovery techniques are considered quickly and handled deftly by our new Finance Minister, who is also our Prime Minister.

Boom in the bloggers' world..

International markets are experiencing fatal financial crisis. Red glows all over the world markets starting from NASDAQ to NIKKEI. A part of the impacts of dropping share markets is felt on the food and oil prices, which have reached the levels that have never even been imagined of in the past. Name any industry and you would find it in the list of industries that possess broken statures in the economy today. Investors are not prepared to lend ears to what the Union Finance Ministry has got to say because the latter had always tried to soothe the former even when there were hard times approaching their pockets. The economic depreciation has been given a chance to engulf the nation by sparking what are known price hikes. When the cost of petrol per barrel has dipped below $80, which is the lowest value in the last 6 months, the petroleum ministry is unable to bring down the cost of a liter of petrol in India. The effect of inflation swung back to increase the magic figure of agony which reached a double figure very recently. You might be wondering what a blogger has got to do with all these misfortunes. Though these are unfortunate causes of inflation and price rise, bloggers from India are having a pleasant time under the hot sun while others are beaten by the heat. With the approaching economic crisis which started with U.S, the value of Indian currency has dropped to the record lowest value. This may indicate the signs of doomsday at India's doorstep. But, for the bloggers in India, this has brought the positive effect of inflation and weakened value of Indian Rupees against U.S.D. Now, I've earned around $700 through my blogs. A part of this amount reached my online account when the INR's value versus U.S.D was Rs.43. When I received the amount in INR, the value was Rs.47. Thus, for every American dollar, I managed to put up an excess Rs.4, which is flatly a bonus! Now, I don't know what I should do. I don't know whether I should feel bad for enjoying the happy turnover when the whole nation is suffering from critical economic crisis or feel good that I am capable of surviving the disaster called economic downfall.

Ultra-modern cities???

Chennai is becoming more sophisticated and advanced in terms of lifestyle, economy, opportunities and entertainment without giving up its image as a cultural hub. With cities like Mumbai, Kolkata and Hyderabad failing terribly in an attempt to acclimatize themselves to the lifestyle of Western hemisphere, Chennai made sure it followed its own unique way of development and progress. Initially, people were laughing at the way Chennai projected itself as a metropolitan city without a big number of night clubs and party floors which the people from above mentioned cities thought were the sign of development. Now, the world laughs at these cities for their ignorance about the real meaning of development and turning a city into a metropolitan on the map. I feel really bad for those cities because they thought they were right on track of development without carrying the reality in their minds, which is actually that they were going exactly the wrong way. Following the way people live in the Western world is good for a developed nation in the East. But, we should not forget India is a developing nation that has a heavy load of 120 billion people on its back and trying to imitate westerners is a blunder which the so called developed cities in India committed. First of all, how can certain cities alone be considered as developed parts of the nation when the whole nation is called a developing one? Isn't the word integration missing right at the root of this point? Development doesn't mean bollywood or night clubs or dance floors. Development doesn't even mean good looking girls wearing Low waist jeans and t-shirts with quotes on them that contain the words 'WANNA' or 'GONNA' in the places of 'WANT TO' or 'GOING TO'. People from these cities should understand development is a collective term that covers criteria like employment, literacy rate, specific, per capita income, establishments in various fields of business and the like. Just because a state owns Nasik, the capital of the state can't be called the New York of India. Chennai survives majority of these criteria, though not all. When it comes to industrial development and literacy rate, Chennai is several folds better than Mumbai or Hyderabad. People have just started to show themselves as trendy. According to a recent survey, among all the cities, the Chennai people spend more on entertainment and thus, Mumbai is beaten to the floor even when it comes to considering entertainment as the main criterion to judge the development of a state. Thus, I cannot search for words other then 'THE BEST' for Chennai and 'SATISFACTORY', though not completely, for other cities which proclaim to be completely ultra-modern, rich and decent.

Meltdown chills down..

Finally, the hopes on stocks are increasing. Bombay Stock Exchange witnessed some good moments after almost a series of stock market crashes in various forms. Now, all those who rely upon stock market as their only source of income can have a sigh of relief. The pressure has been vented out very carefully by the Finance ministry of India. Applauds to the Finance Minister who has, for once, been so strong in his position and kept supporting the markets all the time with positive comments. His words gave the investors all the confidence they needed to make sure stock market is still the best place for investing their immense wealth. SENSEX shot up to 15,000 few months back and that was when inflation started going down marginally. Suddenly, the effect of Western policies on trade and commerce resulted in the increase in the strength of U.S.D against INR which set the spark for the inflation to reach an index that has never been touched before. When I expected inflation to reach 15% in another couple of months, I was surprised yesterday to find the figure actually going down. There was a marginal fall in the inflation figure and at last, it reached 11.8% yesterday after a long period during which the prices of fuel and food was going up faster than Ferrari. But, there is an aspect of the market which I don't understand even after putting my mind on it for a very long time. American economy is crashing down fast and inflation in India has showed some sign of recovery. Then why did the value of U.S.D go up against I.N.R? Inflation directly reflects the value of currency. If inflation goes down, the value of I.N.R should actually go up but it is happening the other way. Everything is going down in India! Soon, we can expect the prices of all the commodities to go down. Let us hope the day is just too closer from her.

Where is my country heading to?

India-Known for everything rich and beautiful. People in this country possess exotic lifestyle. The culture has been very deeply rooted in this Country of Gods. India has just stepped into the Global race for the best in the world. Developments are widespread starting from agriculture and space science. We are witnessing tremendous growth in all the industries and our India is now capable of providing world class products and services. Some of the best medical minds in the world are possessed by this 7th largest country on big green earth.

Our economy is considered to occupy 12th position against the other world nations, which is something we don't deserve at all. We deserve something bigger. Something higher. We need to be at the apex. Its India. Its the best. There is something that pulls India down in front of the world nations. Its that we don't come out with some of the blatant facts about our India and we term those who pinpoint the negatives anti-Indians and project them as elements which are hindering the national growth. We always forget the truth and the truth is that 'Pampering is of no use'.

Boasting about our age old achievements won't earn anything for the nation. What matters at this hour is what we are now and not what we were in those centuries lying dead in the history. Enough of history classes. Come back to the present. We might be the second fastest growing economy in the world. Nonetheless, we are named a low income economy. My question is, where did we miss the first place which we deserve for all the efforts we have taken to improve the standard of living from the scratch? After all, its not wrong to expect to see our country at the top. At present, we find more black spots in the country which make all these developments tiny and invisible.

The problem with us is that we are quite ready to spend time on entertainment and gossips than on social issues, except for few. We were as good as silent ducks when 600 billion Indian rupees, which was supposed to be payed back by 40 million Indian farmers, was completely put down. Were we so insensitive that we never realized each of us had our contribution in that massive farmers' loan? I'm neither against the support that the Indian Government render the farmers nor the ruling party of India. Lets not politicize it as usual. Please. It should have been a considerable and more reasonable concession and not a 100% discount like it has been done. This is a developing nation and most of the families have the status of middle class and lower middle class and 600 billion bucks make a huge difference in the path of economic progress. At least a part of the debt should have been brought back to the treasury.

According to the statistics of the World Bank, India's Gross Domestic Product or more comfortably GDP, is 8.4% and this year, World Bank has lent $900 billion to India for the country's development purposes. The figures make everyone wonder how the country's developments and the debt repayment are going to be balanced. At such a crucial hour, can a 600 billion bill be thrown away?

Again, I would make my stands firm. I'm not against the decision to provide concessions to the farmers. Please note that its 'CONCESSION'. Its just that nobody can accept a complete drop of such a huge amount that has the power to change the face of India. All that the country needs is uniform development. A massive concession to the field of agriculture makes the other industries feel that they're being neglected and that the Government of India is showing them a step-motherly treatment, though we're all Indians. This sets in a psychological division in the economy which in turn would affect the entire growth of the country. This is not supposed to happen.

We have been calling agriculture the backbone of Indian economy. I agree. It was true. But, now we can't stick on to the same theory. Agriculture contributes 4.7% to the annual income of the nation. Petrochemical industry, cement industry, steel industry and computer technology brings home more than 85% of income. These facts are not meant to bring down the support available for agricultural industry but, these are to alarm that we need to concentrate more on the real income-earners.

Politicians play with our money, which finds its way to the treasury in the form of tax and other bills. I just have one question to our Honorable Finance minister : "Would you have given away 600 billion bucks if that belonged to you Mr.FM?"

Now, for most of those who read this blog, I may appear like an anti-Indian. Being a responsible Indian, who wish to see India carrying the title of 'Developed Nation' very soon, I could not tolerate the diversion we have just been taken through.

An Indian lauds the achievements of India and praises it for all the developments which were once staged in the country. That is exactly what I mean by pampering. A true Indian remembers these developments and sees to that nothing goes wrong that might otherwise hamper the nation's growth and comes out with the real and happening facts which appear to take the country towards a drop.

Let us stop talking about the developments that have already taken place and start thinking about what we could make out of what we have in our hands now.

Stop talking the past. Work for the future. Let us stop rising our spirits for petty issues like price hike and voice up for more serious issues that come into the frame whenever the Government proceeds with a wrong step like the 600 billion blunder. That is the only way we can take to build a grand future for the country we love. Love India.