More than it makes me worried, it brings a sense of dissatisfaction to my mind.
The expenditure on imports is way higher than earning by exports. It just shows how dependent we as a nation are becoming on the world. But it's not just this much. What it also shows is that we are not ready to give back to the world as much as we are taking from it. What it also shows further, is that entrepreneurial gains are lagging behind the rising deficit arising out of greater demands made by our consumerist minds. It may also indicate the difficulty experienced by a new entrepreneurial venture, so much that it decides to quit its work, and resort to serving the already existing structure. This would hamper the growth that could have been if his efforts were supported, and he was further encouraged to keep up his determination.
A hidden explanation may also be the reluctance of the earning community to take risk and go ahead, giving shapes to their ideas. Desire for a safety and security based life is overpowering the guts to take risks, hence diminishing the chances of earning greater returns for their ventures, thereby holding the country from enabling her citizens to give their maximum to it.
I am not so sure, but I see that the government is to blame less, less than the citizens, the people are. India is a country with a large weight of numbers in almost all fields. It has large number of millionaires, as well as BPLs; large number of child births, as well as high mortality rates; great army at work, as well as a subordinate class police structure; world class doctors, accompanied by fake certificate holders. The list is endless. Everyone is unique here. The diversity that India holds, not just in terms of culture and religion, but also by work, ethics, structure, talent, it is no less in size than an ocean.
Innovations are made out of need in resource stricken places, like making a leaf puncher with the help of a potato, making a cloth drier with the help of a punctured bowl, etc. However people are reluctant to spread their talent. A cyber cafe owner near my home, he says he is settled peacefully with his shop, and doesn't want to open the shop anywhere else. His business can succeed immensely if he comes out of the coziness. Just 10% of India is using internet. 90% of the space is still to be grabbed, but he is comfortable in his pajamas. A similar case is there of a shopkeeper who has been running his family owned shop. He had been reluctant in using technology in his old shop. Soon, beside his shop, Easyday set its outlet. In order to keep his shop running, he had to spend lacs of rupees so as to keep up with Easyday's service and ambience. Unfortunately, he is still not ahead. His case really shows how not having an ambitious target for growth in today's time can suck you into a black hole of idleness and losses which you hardly thought would happen to your age old, established business. Aah, deviating from the topic! I am here to blame the attitude of many people of today. Risk is an essential part in today's business, be it corporate, governmental or local level. The lack of risk taking initiatives cut away our chances of huge gains, rob us of building up a future Ambani Group and stick hopelessly our future to our past, making us useless(lifeless) in the long run.
Of course government's responsibility arises in this case, as it is in every issue. It takes steps, even if feebly, or ineffectively. CAD is not the government's daily doze of poison. It is a danger to our future, in reality, for we make the government; for we are the government. Widening deficit will mean lesser foreign trust, implying lesser investment in India, leading to smaller growth. As a result, the supply will lag behind an ever rising demand. The demands have to be fulfilled, to money has to be borrowed, fuelling further the widening deficit gap.
The government is careful and must surely be taking appropriate corrective steps. It is our turn to consider this situation seriously and take appropriate corrective steps so that, least of all, our own moral and potential deficits are not reduced to zero.
The expenditure on imports is way higher than earning by exports. It just shows how dependent we as a nation are becoming on the world. But it's not just this much. What it also shows is that we are not ready to give back to the world as much as we are taking from it. What it also shows further, is that entrepreneurial gains are lagging behind the rising deficit arising out of greater demands made by our consumerist minds. It may also indicate the difficulty experienced by a new entrepreneurial venture, so much that it decides to quit its work, and resort to serving the already existing structure. This would hamper the growth that could have been if his efforts were supported, and he was further encouraged to keep up his determination.
A hidden explanation may also be the reluctance of the earning community to take risk and go ahead, giving shapes to their ideas. Desire for a safety and security based life is overpowering the guts to take risks, hence diminishing the chances of earning greater returns for their ventures, thereby holding the country from enabling her citizens to give their maximum to it.
I am not so sure, but I see that the government is to blame less, less than the citizens, the people are. India is a country with a large weight of numbers in almost all fields. It has large number of millionaires, as well as BPLs; large number of child births, as well as high mortality rates; great army at work, as well as a subordinate class police structure; world class doctors, accompanied by fake certificate holders. The list is endless. Everyone is unique here. The diversity that India holds, not just in terms of culture and religion, but also by work, ethics, structure, talent, it is no less in size than an ocean.
Innovations are made out of need in resource stricken places, like making a leaf puncher with the help of a potato, making a cloth drier with the help of a punctured bowl, etc. However people are reluctant to spread their talent. A cyber cafe owner near my home, he says he is settled peacefully with his shop, and doesn't want to open the shop anywhere else. His business can succeed immensely if he comes out of the coziness. Just 10% of India is using internet. 90% of the space is still to be grabbed, but he is comfortable in his pajamas. A similar case is there of a shopkeeper who has been running his family owned shop. He had been reluctant in using technology in his old shop. Soon, beside his shop, Easyday set its outlet. In order to keep his shop running, he had to spend lacs of rupees so as to keep up with Easyday's service and ambience. Unfortunately, he is still not ahead. His case really shows how not having an ambitious target for growth in today's time can suck you into a black hole of idleness and losses which you hardly thought would happen to your age old, established business. Aah, deviating from the topic! I am here to blame the attitude of many people of today. Risk is an essential part in today's business, be it corporate, governmental or local level. The lack of risk taking initiatives cut away our chances of huge gains, rob us of building up a future Ambani Group and stick hopelessly our future to our past, making us useless(lifeless) in the long run.
Of course government's responsibility arises in this case, as it is in every issue. It takes steps, even if feebly, or ineffectively. CAD is not the government's daily doze of poison. It is a danger to our future, in reality, for we make the government; for we are the government. Widening deficit will mean lesser foreign trust, implying lesser investment in India, leading to smaller growth. As a result, the supply will lag behind an ever rising demand. The demands have to be fulfilled, to money has to be borrowed, fuelling further the widening deficit gap.
The government is careful and must surely be taking appropriate corrective steps. It is our turn to consider this situation seriously and take appropriate corrective steps so that, least of all, our own moral and potential deficits are not reduced to zero.
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