Wednesday 20 June 2012

India A Land Of "Dumb" And "Dumber"

It wouldn't be absolutely wrong to say that in India, there is noise everywhere. And yes, I use the word “noise” and not sound. In India, if you want to show your devotion towards god, it just cannot happen without woofers, mikes, drums, and other instruments the names of which I don’t even know in English. Of course, if you idolize a minister you have to go around chanting (read shouting) his name on the streets in full blown procession. And obviously, what is an Indian marriage without the high decibel bands. After all they only come once in a long time, how can you not blow off other people’s ear drums? It won’t be called a celebration else. What if Indian festivals, on an average, come at least once every year? We have to ostentatiously show our happiness with celebrations, shows and processions. And they are always incomplete without loud noises which are a sad excuse for music.

The speakers gradually go from playing songs on the god to playing every cheesy item song in existence. And did you know, in India, if the signal’s red or if there is a traffic jam; giving a screeching horn will make the other cars float in the air giving you a clean passage. At least I don’t have any other reasonable explanation of the constant “honk-a-thon” on the roads. Honking is as useful in such circumstances as Narendra Modi is to the Muslim community. And as far as over taking or asking other cars to move, have patience. You’ll be surprised but that’s what major countries outside India do. Else lights will do just fine.

Sunday 10 June 2012

Economic Crisis- Are austerity measures the answer?


The prices are high. Rupee rate is low. Investments are the worse they could ever be. Let’s face it, it’s a crisis. Let’s scrutinize the situation.


The economic crisis had befallen upon the whole of Europe a long time ago. Obviously, the whole world was adversely affected by it. However India, had managed to, more or less distance itself from the crisis. And was growing at a rapid rate! It mainly began after 2003- 04, where in the growth rate shot up from 3% to 5-6 % to directly 8- 9%. However, now, (if you want to believe the government), the crisis seems to have caught up with India. The GDP is expected to grow at 7% in the year ending 2012 which is significantly lower than the 8.4% in year 2011. 


The manufacture growth reduced from 9% in 2011 to 3% in 2012. The trade deficit has increased to 10.6% of GDP(by 56%) between 2010-2011 and 2011-2012. The foreign investors, who used to consider India as one of the prime investing locations have been greatly discouraged and are gradually retreating, mainly due to the collapsing currency. I can just go on and on. But I don’t want to focus on the crisis, but the cause and the solution.