Disclaimer: I am NOT an expert in economics, neither am I affiliated to any political party or trading firm.
These are just my thoughts on the current situation.
Just my 2 paise …
There is a MASSIVE amount of money that has disappeared from ‘circulation’.
Legit, White, Black, Fake – whatever you call it.
Starting from DeMo, going on the numerous IT raids, to big known cases like Mallya, Modi, Chowksi – as well as many small relatively unheard of cases in Kutchi Samaj, some Gujurati Mandals (approx 4 to 10 _thousand_ crores) … and ending in 2019 elections … where a lot of people were forced to pump in money to the other side as well.
When they did NOT win, that money, too – gone.
Like Thanos’s snap…
So the money is gone. It was ‘notional’ any which way. It has already been usurped. Most of it was never ‘intended’ to be repaid either.
Then there’s also less liquid money flowing in.
Many lucrative posts with regular under-the-table dealings are now ‘clean’. Those office bearers have had a massive hit on their overall income.
Then the middlemen who would swallow the ‘Government scheme’ funds which were meant for the common man – WHICH is now reaching the common man (& woman) DIRECTLY even in the villages, thanks to Aadhaar & Bank Account linking ….
Many such examples of ‘easy’ money and fancy lifestyle – STUCK.
Real estate slump was LONG overdue.
Auto-sector slump is cyclical. More so because of BS VI as well as EV policy push – both together.
It will be fine in a while.
But this whole ‘recession’ thing – I FEEL – is not as huge as it is being MADE to sound.
People are still enjoying, going on foreign holidays, spending on popcorn at movie theatres, visiting fine dining restaurants and buying expensive phones.
‘Projected’ growth by MBAs were never in sync with reality. & fortunately, that bubble is bursting.
Companies & People with rock-solid foundations + principles will weather the storm.
Some shady ones will go down for sure.
A little bit of clean up and shakedown.
Some rich guys will get a little poor. Some poor guys will get a little rich (owing to numerous subsidies & sops)
The middle class will remain sandwiched in the middle.
My genuine request to ALL INDIANS:
1. Differentiate between Needs and Wants
2. Invest in tools that last, rather than fads
3. Be Indian. Buy Indian.
From Clothes to Cell Phones to Cars … SEE the label. If it says Made in ‘C’ … and there is an _almost_ equal option that DOES FULFIL your *needs* that says Made in India … PLEASE opt for the latter.
Don’t be myopic in your way of living, be organic.
The problem isn’t just the economy – WE ARE THE ECONOMY.
One of the World’s most promising and lucrative economies!
We… the People!
