The national intelligence agency predicted that the Indian economy is in
a very challenging position and facing an immediate collapse. While
India's GDP remains pretty constant at nearly 3.5 trillion dollars, the
overall population bearing the brunt of a sluggish and crippled economy.
The 2020 per capita income was about 500 dollars, and it is expected to
have a deep steep in the next couple of years. The modi government
apparently lauding and taking unreasonable credit for the current
economic status while the opposition being treated as effigies. The
question which must be asked is that "where are we headed?" The truth of
the reality is that unless reinforcements are provided to boot it in
the near term, the economy will continue to be on trajectory for
perdition. In this analysis, Sibi Mathew would like to provide five
scenarios that could potentially endanger the Indian economy. My
understanding is based on massive research, intuition,and performance
metrics.
1.increasingly declining India's military strength.
Since the Independence of India in 1947, the territory has been on the
lookout for creating and periodically strengthening by investing in
technology,equipment, and manpower. After being fought with India's born
rival Pak many timesi the past several decades, the country is
dispirited and completely hopeless given the fact that the enemy remains
a military and economic treats. The inadequate defense spending create a
high burden on analysis of military strength. And most certainly, India
is underperforming in its military responsibilities compared to its
neighbours. If Indian military is continue to be strained and confront
wear an tear, the economy will not be bolstered by the current and
emerging threats from Pakistan and China.
2.the ongoing farmers' revolt.
The agricultural sector takes up about 30 percent of the India's
GDP.Therefore, the survival of the industry is definitely an imperative
aspect to consider when speaking about the economy. The government's
inaction to satisfy the interest of the farmers to raise base pay for
most agricultural goods is really aiding fuel for the continuity of the
strike. If the farmers are continued to be ignored, vast majority of the
farmland will remain uncultivated and deserted. Currently, no guarantee
is given to the farmers who toil in scorching sun to redeem their hard
work. The most promised irrigation projects, suicidal
deterrence,pesticidal assistance, and property tax- exceptions are not
being implemented by the central government. Farmers are,without
question facing an unprecedented challenge in this respect. Financial
assistance for genetically engineered seed species and other cultivation
process, farming equipments are among the things that are not being
remedied.
3.unsatisfactory and complacent foreign trade deals.
While the government struggles to reduce trade deficit, the total export
continue to take a destructive toll on the general population. The
manufacturing sector is proven to be facing bottle-neck scenarios in the
production line and an ineffective workforce that slows down the
overall process. The central bank's unethical standard for interest rate
is staining the companies from debt financing and equity financing.
Most businesses are seeing a reduced market share and the customer base
is being reduced constantly. Foreign countries are petrified outsource
their businesses to India due the high tax burden,secterian
violences,employee strike, and wage demand. China has a comparative
advantage against India because of the Chinese import ever increasing.
The unviable trade policies are fueling the Chinese govt. To dump their
products into various markets. The second largest textile industry is
utilizing it's most advantageous position to outrun the Indian textile
industry's profit-taking strategies. The bottom line is Chinese products
are cheaper and more good in quality.
4.the tech industry is on the decline.
The teck-boom bubble that the India has seen is burst into flames. The
active job seekers are facing tremendous competition as the ratio
between the employment availability and unemployed is widening. The new
graduates in the field is facing a massive disappointed as they cannot
find desired employment. Most tech companies are at the brink of
reducing workforce and equipment acquisition to sustain operating costs
burdens. Projects spearheaded by functional groups are confronted with
inadequate resources, and manpower. Corporations and mid-size businesses
are being held back from mergers and acquisitions to cut back costs and
expansion. If this trend continues, bankruptcy will be the only
available options for most tech companies.
5. The rampant political corruption across the country.
The most debilitating effect to the economy is the corrupted politicians
having selfish ambitions and rapacious behavios. As many of them facing
political bankruptcy, peopl feel a trust deficit. Outdated economic
policies, lack of innovative thinking, prevalence of Neanderthal
thinking, ineffective think tanks,technological growth decline, all are
attributed to the analysis of the upcoming very-possible recession mode
of the Indian economy. The sky-rocketing national debts and state debts
are also a contributing factor which could be factored into this
positive recession analysis. Always, the most affected population is at
the lower level of the economic ladder. You as a politician is
confronted with these conspicuous challenges as you aim to provide
effective leadership. Economy is the backbone of any nation's strength
and well-being. Therefore, coming up with a framework to address these
most important issues must be on top of the agenda. You must unshackle
the chain of political corruptions which you may have been a part of,
and come out from the shadows of the comfort zones to face the general
public and of course, to emancipate them from the dander they are in.
Let us win.
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Sibi Mathew, who moved to the
US
in 1993 from Konni, is an actor, and his videos are available on YouTube: "sibi
Mathew
usa."
He ran a radio show for a couple of years from 2016 to
2018 in addition to hisy
participation in the 2016 Republican presidential campaign.
He also served in the USAF as a commissioned officer during former
president Obama's administration from 2012 to 2014. ‘Being a U.S. politician of the Republican Party for the
last five years shaped and equipped me to have an auspicious political career
in the USA,’
he says. ‘I consider myself to be self-educated for the most part of my
academic life.’
Sibi Mathew