Dear Sir,
We are facing unprecedented economic and financial crisis. The need of the hour is to tackle it head on. Moreover let us acknowledge and understand that we as a nation were overlooking macro imbalance build up since global financial crisis ( 2007) and unable to overcome that so far. Question of taking decisive measures will not arrive as we have never acknowledge the gravity of the deteriorating economic fundamentals over last so many years.
We have been following band aid approach to fill the leaking tap. Now time has come to rise above all to take measures which would restore our economy to the path of sustainable growth to generate employment and contain ever rising consumer prices.
Government should go all out and seek support for crucial pending reform. Opposition parties in the interest of nation, should not oppose any bill just for sake of opposition. Let us work constructively to put India again on the path of sustainable growth.
Union Government should also undertake bod measures like complete deregulation of all petroleum products which will eventually bring down subsidy and consequently fiscal deficit. Those days are over when there would be nationwide protest for any rise in price of petroleum products. Now a days, vegetable price, which are touching all time high, failed to attract any protest, then who is bothered about high petroleum prices. Today, we are paying market prices for every product, then, why government is shying to make it market determined. In fact, high prices will automatically adjust the demand as well as users will be cautious.
Union Government should also cutting wasteful expenditure, which never reaches to the intended recipients. No doubt, Adhar is a nice start, however, till such time it become reality, let us rationalize the need of the subsidy and expenditure as well.
It is high time we should put together our thoughts and energy so that we can overcome the current economic and financial crisis once for and all.
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