Before 3 years, the bus fare from Peelamedu to Gandhipuram, a four
kilometer journey was INR 3 and now it has climbed to Rs. 5. But why
this 60% increase in fares?
Before 3 years, the rate of petrol was less than Rs.50 and now it is Rs.70. But Why this 40% increase?
Before 3 years, mess fee at our hostel was Rs.1100 to Rs.1300 and now it is Rs.2100 to Rs.2400. Leave the exception of “Rich menu” but still why is there a 90% increase?
When asked why this increase they replied “entire price rise issue and inflation in every sector as a repelling effect of Globalization mainly of is Eurozone crisis”. Government, if they are very sure of what they are talking about then they wouldn’t still globalize the country by opening up markets to Foreign Direct Investment (FDI) in retail sector?
They say it is because of Globalization but, why do they still want to Globalize.
Retail market what we are talking here might sound simple to you, but the efficacy and the power of Indian retail market will definitely amaze a normal human brain with emotions. According to KPMG report, retailing is the third biggest growing sector in the world; it stands next to Agriculture in the country with a 40% cut on the total Gross Domestic Product (GDP) of our country which is approximately 460 Billion dollars.
Following are the possible after effects of globalization.
Monopolization of Market
Opening up of retail market is nothing but indirectly asking all the Multinational heavy weights to occupy our country in an economic basis. The regulation of prices will completely lie in the hands of these Multi National Companies’ (MNC) and even if there is a govt. regulatory body it could be puppeteer-ed. But this time to get freedom from this occupation will be much tougher as it is an occupation on economy.
If this policy is adopted then it is even tough to save our very own organized retailers (Subiksha, Reliance fresh and others) who account to 5% of retail market who are yet to settle. At this time globalizing would right away lead to market monopolization as there is no competition for the foreign players.
From Employment to Unemployment
Anand Sharma, the minister of commerce, industry and textiles, who earlier this week became a sudden villain for many said FDI will bring in 10 million new jobs, but the question is what about the livelihood of 40 million working population who are already in business? Figures may complicate things in simple terms, introducing 51% FDI is nothing but making Viruthunagar jobless which is one the trading town of Tamilnadu. Just think about rest of India!
The minister also said 10 million new jobs, how on earth is it going to happen? Wal-Mart, the multiband retailer which was started in 1962 has employed just 1.2 million though it has stations all over the globe but how is our minister so sure that 10 million in India are going to be employed of this.
We Indian, Buy Indian
Some argued, middleman will be removed from the whole supply-chain, but even if that is the case I’m pretty sure introducing FDI is never going to profit the great farmers of India. As in this case the profit earned by middlemen will also be eaten up by Retail giants.
Middlemen are Indians but these Walmart’s and Tesco’s guys are not. So it is better even if it stays like this. We Indian let us help another Indian instead of voluptuously fed foreign retailers’.
So, you want good infrastructure…
Government is very assertive that these inflows will create better infrastructure like cold storage facilities and others which is a part of logistics, if that is the case then why can’t government liberalize logistics alone or why shouldn’t government undertake logistics as a public sector and run it if it is so much worried. Already, the Government of Tamilnadu has ordered in building cold storages and Godowns for the benefit of farmers and let “India Inc” also do the same.
From Savings Driven Economy to Consumer driven economy
My grandfather saved a lot and that was the time of socialist, my dad saved a little and that was the time of partial liberalization and now, they don’t want me to save anything by promoting consumer driven economy by liberalizing markets completely. Our country has always been safeguarded by individual’s bank savings and this proposed neo-economic strategy has every key ingredient which can shatter the economic stability of our nation in the long run.
What is your wish, to make us employees?
With 5000 bucks, people were able to become self made entrepreneur by starting a Kirana shop or in tamil petty kadai but, this new policy will vehemently deny the dreams of an enterpriser by creating an ambience which encourages people to become employees for these foreign behemoths’ instead of promoting entrepreneurship.
Conclusion?
Brick by brick, every nation is built on certain fundamental values. India as a nation was raised on the savings and hard-work of people with the help of bountiful nature. And if this new policy is put into force, it will annihilate every value upon which this very nation was built upon. “They” will try to live upon our saving, exploit our work force and plunder our wealth. So, this is new “Manmohanomics” shouldn’t be put into action for the welfare of a billion.
Unnaipol oruvan,
Alagiri Samy.S
www.rebelspath.blogspot.com
Before 3 years, the rate of petrol was less than Rs.50 and now it is Rs.70. But Why this 40% increase?
Before 3 years, mess fee at our hostel was Rs.1100 to Rs.1300 and now it is Rs.2100 to Rs.2400. Leave the exception of “Rich menu” but still why is there a 90% increase?
When asked why this increase they replied “entire price rise issue and inflation in every sector as a repelling effect of Globalization mainly of is Eurozone crisis”. Government, if they are very sure of what they are talking about then they wouldn’t still globalize the country by opening up markets to Foreign Direct Investment (FDI) in retail sector?
They say it is because of Globalization but, why do they still want to Globalize.
Retail market what we are talking here might sound simple to you, but the efficacy and the power of Indian retail market will definitely amaze a normal human brain with emotions. According to KPMG report, retailing is the third biggest growing sector in the world; it stands next to Agriculture in the country with a 40% cut on the total Gross Domestic Product (GDP) of our country which is approximately 460 Billion dollars.
Following are the possible after effects of globalization.
Monopolization of Market
Opening up of retail market is nothing but indirectly asking all the Multinational heavy weights to occupy our country in an economic basis. The regulation of prices will completely lie in the hands of these Multi National Companies’ (MNC) and even if there is a govt. regulatory body it could be puppeteer-ed. But this time to get freedom from this occupation will be much tougher as it is an occupation on economy.
If this policy is adopted then it is even tough to save our very own organized retailers (Subiksha, Reliance fresh and others) who account to 5% of retail market who are yet to settle. At this time globalizing would right away lead to market monopolization as there is no competition for the foreign players.
From Employment to Unemployment
Anand Sharma, the minister of commerce, industry and textiles, who earlier this week became a sudden villain for many said FDI will bring in 10 million new jobs, but the question is what about the livelihood of 40 million working population who are already in business? Figures may complicate things in simple terms, introducing 51% FDI is nothing but making Viruthunagar jobless which is one the trading town of Tamilnadu. Just think about rest of India!
The minister also said 10 million new jobs, how on earth is it going to happen? Wal-Mart, the multiband retailer which was started in 1962 has employed just 1.2 million though it has stations all over the globe but how is our minister so sure that 10 million in India are going to be employed of this.
We Indian, Buy Indian
Some argued, middleman will be removed from the whole supply-chain, but even if that is the case I’m pretty sure introducing FDI is never going to profit the great farmers of India. As in this case the profit earned by middlemen will also be eaten up by Retail giants.
Middlemen are Indians but these Walmart’s and Tesco’s guys are not. So it is better even if it stays like this. We Indian let us help another Indian instead of voluptuously fed foreign retailers’.
So, you want good infrastructure…
Government is very assertive that these inflows will create better infrastructure like cold storage facilities and others which is a part of logistics, if that is the case then why can’t government liberalize logistics alone or why shouldn’t government undertake logistics as a public sector and run it if it is so much worried. Already, the Government of Tamilnadu has ordered in building cold storages and Godowns for the benefit of farmers and let “India Inc” also do the same.
From Savings Driven Economy to Consumer driven economy
My grandfather saved a lot and that was the time of socialist, my dad saved a little and that was the time of partial liberalization and now, they don’t want me to save anything by promoting consumer driven economy by liberalizing markets completely. Our country has always been safeguarded by individual’s bank savings and this proposed neo-economic strategy has every key ingredient which can shatter the economic stability of our nation in the long run.
What is your wish, to make us employees?
With 5000 bucks, people were able to become self made entrepreneur by starting a Kirana shop or in tamil petty kadai but, this new policy will vehemently deny the dreams of an enterpriser by creating an ambience which encourages people to become employees for these foreign behemoths’ instead of promoting entrepreneurship.
Conclusion?
Brick by brick, every nation is built on certain fundamental values. India as a nation was raised on the savings and hard-work of people with the help of bountiful nature. And if this new policy is put into force, it will annihilate every value upon which this very nation was built upon. “They” will try to live upon our saving, exploit our work force and plunder our wealth. So, this is new “Manmohanomics” shouldn’t be put into action for the welfare of a billion.
Unnaipol oruvan,
Alagiri Samy.S
www.rebelspath.blogspot.com
Answer me this. What was the salary of people 5 years back, 3 years back and now?
ReplyDeleteAnd on a lighter note... bus fare increase from Rs. 3 to Rs. 5 is a 67% increase and not 60%. :)
I'll take myself as an example, if a person got placed in Deloitte before 3 years he would have got X as his salary and now i got placed in the same company and i'm getting the same X.
ReplyDeleteInflation is sky rocketing but hike in salary for many is just in the form of a slow coach. :)
well, I would like to point out some things to you,
ReplyDelete1. I am not a great fan FDI in retail either but terming globalization as a direct reason for the inflation that we are facing is a biased opinion.
2. Globalization although may be acting as a feedback mechanism for the inflationary effects, it is actually one the mitigating factors for the inflation that we face. Check this out http://www.youtube.com/watch?v=5SnR-e0S6Ic&feature=g-user-u
3. Globalization and free trade are actually factors that lead to large scale production and reduction in the operating and production costs. Thus actually bringing down the total cost of the item that is being bought.
4. It is in fact a accepted and good economic policy to keep a constant and low inflation in the economy which is matched with the average rate in which the purchasing power of the populous increases.
5. Constant and low inflation rate is actually a measure that heralds a healthy economy and a rising GDP and PPP. Inflation should not be let run rampant like in Zimbabwe or like in the great depression in the US when there was actually deflation which is a much worser evil than inflation.
6. And to say FDI and Globalization will not create as many jobs is not acceptable. The call center industry, software industry, the back channels that carter to the needs of the people who are employed by this like the hotels and the call taxis; the sheer magnitude of the number of jobs created by globalization is massive. You and I have jobs because we live in a globalized economy. And Wall-mart is just one corporation, there are thousands like that and they are not going to grab the livelihood off of everybody, they will thrive only in big metros like Mumbai, and Delhi and they will be established only there, So I'm guessing viruthunagar will be safe. :-)
7. You cannot liberalize one sector alone, cold storage and go-downs are perks that you get when you all these corporations to operate, we have to understand that these are not NGO's. Also if we are worried about these firms raking profits and taking it back to their home country, SEBI mandates that more than 50% of the profits earned should be invested back in the country in the form of infrastructure.