Negative attitude of government leads to undesirable outcome for common man

After demonization, government has not yet taken any positive and proper steps due to which economy is getting poor and people are now scared about this economic and business condition in India, hence everyone is trying to save themselves and they are on the Blackfoot. There is a situation of quandary and insecurity among people.

It might be possible that the government is having strong plans for a strengthened economy. One fact which I can see is that the government is trying to control land business, which is definitely a good step as these days everyone is investing in property business with the hope of getting high returns, without doing any hard work.

The situation has become so worse that everyone started talking about purchasing and selling properties. If someone gets a good deal just once even, he is becoming a property dealer, he then leaves his own profession because of this greed. Thus, skilled manpower availability has reduced by 80%. Inflation is thus prevailing in the Indian economy. Value of Indian currency has degraded and people are living this short-term luxury life and hence they are now lazy to pursue their core work.

The government has not been successful in the demonetization scheme because government did not understand the level of corruption in the country. There were lots of loopholes because of which people didn’t surrender their black money and hence the government couldn’t generate desired revenue as it was expected by economists. There was an atmosphere of insecurity among common people and businessman.

If a person had a net worth of Rs 100, then after the demonetization his net worth comes to Rs 70. One should understand this in order to get a stable economic life.  People lost 30% of the net worth. This condition is common for everyone.

Now farmers want debt waiving, which is not at all beneficial for the country.  Farmers should have sympathy towards small traders, who also lost their 30 % net worth. What if someone steals your 30% of land? The purchasing power of people has decreased for now, but everything will be on track soon, so patience must be kept by all people.

After demonetization government should have given some relief to the people. Relief doesn’t mean debt and interest waiving but

-         Increasing tenure of loan repayment

-         Relief of Moratorium of Principal Amount should be there for 1 year and interest should be compulsory every month.

-         Amount of loan should be increased by 1.25% to 1.5% because net worth has been decreased by 30%

If these positive steps would have been taken by government, then Indian economy would not have been derailed.