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A massive drain on the savings of many families in the country


- Comma

- Foreign scholars like Jim Rogers are not brahma sutra exponents. Also, some of them are making waves just by seeing India from a distance. According to him, there will be no recession in India!

The Indian stock market is at a new high, so the reactions will also speak. The focus of the stock market is bullish right now. The economic policy of the Government is the next priority of the stock market as well as the people. The more the government's focus on saving the economy, the more the market's heart. The main reason for the recessionary trends currently prevailing in India is that there is no central government monitoring of the commercial world of the country. Monitoring means that when the trends reverse, the government has to take immediate action to restore them to the boom.

All countries of the world have a monitoring system. We have the various ministries of the central government in their respective fields only playing the role of inspectors. They are not actively monitoring. As a result, the supply currents of recession that have entered the business, industry and service sector of the country continue to advance. The central government has neither the will nor the ability to prevent or curb it.

Until the end of the current year 2023, someone has sounded the mantras of rationalization in the market. This someone means central government. Until the vested interests of the government including LIC are met, the market will survive and even jump higher. A famous investment guru named Jim Rogers even recently predicted that e. S. There will be a recession worse than 2008, but considering India's huge population and its life cycle, such a recession will not happen here. Not all foreign scholars are brahma sutra reciters. Also, some of them are making waves just by seeing India from a distance. There is a global lobby of bad mouths about India.

A joke ad has gone viral on social media saying Chiranjeevi Vikas come back home where you are because Adani has taken over all your failures. So this is a joke but there is some truth in it. Surprisingly, shares of all Adani companies have been rising for the past one week. Capital in the market is continuously decreasing. That is, the amount of capital invested in industrial enterprises by new investors or banks is decreasing. For too long, foreign investors have already retreated and are still retreating rapidly from the stock market in accordance with the Cutloss theory and gradually losing some of the profits from other sectors.

The central government has no plan to stop them. Finance Minister Nirmala Sitharam has made statements every chance she gets to drive away foreign investors from India. This work was taken up by Arun Jaitley at that time! Indian economists have not understood the mystery why the NDA government at the Center wants to drive foreign investments out of the country. Seven years ago it was an insult to offer a job to a young technical graduate for ten thousand rupees and today it is an honor for him and his entire family to offer him such a job.

So many events have taken shape between these two points that the threat to the economic existence of the new generation increases. Banks also have incentives to bury any moribund industry. The rule of falling and sitting, which was in a way a trade rite of passage in the Indian market, has also now sounded its death knell. The owners of many companies in the country are currently trapped in the economic vortex. New order received but old payment pending. It comes gradually. Such weekly income breaks the back of industries, as the gap that falls is difficult to cover. The government is not as indifferent towards small businesses as it used to be. The government has changed the rules to improve loan eligibility in small scale industries.

That is why the banks are also leaning now. Yet a large community of industries is still caught up in economic and production-oriented machinations. In order to bring them out of it, the NDA government needs to immediately revise the (mis)policies which have framed these businessmen in the maze of laws on their table. In between, the government increased the interest on postal savings very marginally. Also, the drum was played, but the list of how much the total interest has been reduced is boring to the savers, which the government hides.

Investment activity in companies in India by foreign investors c. It has been increasing since 1960 AD. In 2008, it was 38 percent of the country's total growth rate. In the last 11 years now that percentage has been reduced to five percent. There has been a sharp decline in foreign investments in the last few years. Corona period is also responsible for it. This is a kind of investment drought. The Government of India is taking time to understand this. Dwindling foreign investment is a separate disaster like Corona. Rating agencies have cut the credit of banks and financial institutions. Various companies are now defaulting on their debts.

Savings and other savings-related provisions are declining in the business and commercial world in the country. Domestic savings among the Indian people have also reached the lowest level in the last 25 years. There are a number of families whose savings have been completely wiped out. The possibility of creating new savings decreases in this inflation. Today's level of savings is similar to the pre-1990 level when economic reforms had not yet begun in the country. Even in the creation of land, buildings and assets, people are now alienated or lax and waiting for falling prices. Which are additional implications of the coming recession. Is. Between 2015 and 2023, there has been a rapid decline in the income of Indian citizens.

Economists have observed a significant decline in the personal income of each citizen, rural wage rates, urban workers, factory wage earners, general clerks, technicians and retail workers all during the said five years. The flow of Indian politicians transferring their money abroad and then investing in India in the name of companies created there has also slowed down. On the other hand, the government is still not listening to the non-government financial institutions. Many such financial institutions parallel to banks are an important driving force for the common citizens of the country. It is necessary to maintain and sustain it. Even so, the government alone cannot carry the burden of this huge country.



This post first appeared on The Editorial News, please read the originial post: here

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A massive drain on the savings of many families in the country

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