Wrong predictions

Just by changing the symbol of rupee is not going to help the economy of the country that's what i wrote some time back in this blog.We might be having the highest gold reserve in temples and lockers but what is the use?With the present rate of corruptions and and natural calamities even God is not our side.Dollar is going to be 50Rs very soon much to the delight of Indian exporters, lets wait and see when we are going to progress in real terms.Read this one:
Business with oil
*****************
Due to the rise of international price of petrol many people say many things. Like some astrologers, few experts who knows the inside politics of petrol had predicted that the barrel will cost this much by 2010 and 2011.All our efforts of export ,production and GDP come to nuts with the rise of petrol and diesel price, the whole economy of the country goes through the drain. Then what is the solution? Is this being done by super powers to pull back India’s progress? These same countries who say India will be a super power by 2020 and so on and so forth are smiling because they know very well India’s strength and weakness.
When the international price of crude is low (<$ 85-a barrel) the price of petrol should have been reduced but they say “rupee has been devalued”, so we have to increase the price. Do you know more than 70% of petrol pumps are owned by politicians or their friends or relatives in India? So your guess is as good or as bad as mine. How come those petrol companies in India made a huge profit in last few years in spite of so called huge loss by them?
Let’s purchase crude now in heavy amount by asking people to use money by depositing the useless metal called gold in banks. With this gold we must purchase huge amount of crude. If the price goes up further we are gainer and if comes down we are gainer because our foreign reserve remains the same.
Where are our economists? Do they still think India will be a rich country? Yes we will have few more Birlas or Mittals or Ambanis and there will be three classes of people in India- rich and super rich and the poor.
Here is an example of India’s yearly life cycle.
Due to extreme cold north India goes to winter vacation. The cricket season keeps the Indian public busy. Rain brings more misery to people in form of flood and disruption of transport system.. Summer months are a boon for Pepsis and five star hotels. Rich and famous goes out side India to return with monsoon. Political turmoil and repeated election dries up the reserve banks.Dry weather, no rain, more rain, draught, flood cold weather, cricket, political crisis, festivals and more festivals,strikes,new films and breaking news keeps the yearly cycle complete.
By that time the ministers have come back from foreign tours to give a press statement about what others have said about India and its rapid progress.
Sorry sir, by using mobiles (even in toilets), riding Skoda or Tavares, traveling by air do not mean progress, it’s an ugly side of richness only a few benefit not the country.
Unless we have our own economy control measures, progress will be very slow, it’s like keeping fish in others pond.

Comments are invited from you.

Sanjoy Kumar Satpathy,
Patia