First of all I am clarifying one thing from beginning itself. I am not economic student or guru or whatever. I am normal software developer earns higher than normal clerk job in India but I have slaved to my company and manager that is separate topic.
Last 15 days Indian stock market hammered and whatever I invested 40% amount is disappearing. Daily we can see rupee deprecated against US dollors at historic low. Our country current account deficit is widening day by day. Reserve Bank of India day to day tightens the rupee circulation. The all IT companies are benefitted because of dollors becomes bustier and the normal man like you and me hammered because of all the prices increasing.
Last year the same time one month grocery bill was approximately 4,000 rupees. Now the same things billed to me around 6,500 rupees. All the prices are flying day by day. The normal man like you and me never thinking about savings. Even if some savings is there that is vanishing slowly because of high cost of rent, daily expenses, transport.
So, what our government needs to do? They need to concentrate on basics. They need to release more money and reduce the interest rates to boost our growth. Instead of encourage in long term they simply taking all short term measures like keep tighten the money flow and increase the interest rate which give major negative sentiment in stock market as well as our day to day life. Government needs to take measure to control the corruption. Imagine by 2G scam government lost huge money. This scam is visible to us because of media. There could be bigger scams are happened and happening. There are more debates is going on the how much money government lost by 2G scam. But, everyone accept that our government lost so much money. If government get tough control on corruption, that will encourage our growth. Instead they come up schemes which encourage the corruptions.
The proposed National Food Security Bill will eats up to one lakh crore rupees per year. Most of the economist says it will lead more corruption. Central Government is only aim to harvest the votes in forthcoming parliament election. No one is care about you and me including our great economist Mr. Prime Minister. Future looks pathetic and extreme anxiety.