A letter to PM via 10 Janpath
Dear Mr. Prime Minister,
As a youth of young India, how much my future is secure where my country’s future is uncertain…?
Despite tight measures by the Government and the Reserve Bank of India (RBI) to prop up the rupee, it continues to fall. The RBI has tightened liquidity so liquidity squeeze has created havoc in the economy and industry. Many Banks are not disbursing even sanctioned loans. Most companies even if profitable can’t run their business with a sudden disruption in liquidity. In a tough environment, short-term interest rates have gone up by massive 200 basis points. Macro GDP, IIP numbers have been bad and from last three years RBI hasn’t managed to cool Inflation.
Common man is more affected by food and fuel prices that also have been major contributors to inflation. Yet in India, a majority of the target section consists of farmers who stand to benefit by food inflation for them food inflation means greater increase in income than in expenditure.
Most agricultural laborers also get paid in kind. This hurts the urban lower-income group, which is a minority.
India is the world’s third largest producer of coal but why we are importing coal and resume the export of Iron Ore for that why should whole country has to suffer. Mr. Prime Minister it’s the time to reverse the policy if it doesn’t work.
Every year one lakh MBAs and 6 lakh Engineering students passing out from all over India, Can our country able to creat job opportunity for these candidates. For that we need FDI to invest in India but most of FDI proposals get delayed at various ministries.
Yours Faithfully;
People of India
The Author of this article is working in MNC in Bangalore. His name is Biswajit Behera
