Modinomics: Low Hanging Fruits

Yes, dear friends, Modinomics is all about low hanging fruit and an arbitrage on the sick and ineffective congress regime during last decade. Make no mistake, Modinomics is not serious about the elimination of corruption which has reached to the core of the society. Look they have established a committee to bring back the black money from abroad and see what happened. They seems to be helpless citing international law that is preventing them to bring funds back to India. However, the moot point is what stops them to not to purse black money in the country to  unearth it. Well the answer is not far to see. Political parties, industrialist, bureaucracy all have vested interest not to follow it.

Action speaks louder than intention. The current regime want economic growth to come back  in short term without any doubt. Thus, they are doing all what it takes to energies India. They are not worried about the sustainability of the growth right now. Thus, they are eyeing various ways to capture low hanging fruits :

• Cleanliness Drive:  No doubt benefits are enormous, yet countrywide passion yet to be seen among citizens. The idea is to make sure we as a citizen should be penalized heavily for littering. This along with municipalities should be given strict tasks and deadlines to ensure cleanliness. The progress should be monitored at regular interval.

• Make in India: This is easier said then done.With the softer global economy, it would be difficult to promote Make in India right now. However, the emphasis should be to improve the business environment to produce goods for the domestic consumption, which will also help support lower inflation as well. Time to ensure that it should not left as a slogan only.

• Modernization of Railways: It is also expected to improve the speed and safety of the railways. Due to very high operating cost over the years, there was hardly any modernization of the railways and safety standards were also compromised. They should find ways to increase productivity & improve safety standards. Railways is rich in land bank. At a given time a large number of people are waiting for trains at major stations. Why not start a shopping mall with cinemas and food court to entertain them. These people at that time would like to be entertained and certainly willing to spend money. Similarly, railways can start hotels having basic necessities to provide accommodation as well. Though they have this facility at a meager scale which should be increased immediately. These facilities will help improve the revenue within no time.
• Legislative Resolve: The recent promulgation of the several bills in the shape of ordinance point towards the government resolve to pass them through the joint session of Parliament otherwise they are risk loosing the credibility and reputation.

Consumer beware : Protect your wallet

Let me share an interesting observation.. Last week we were shopping for household items. One floor cleaner was priced at much higher for smaller quantity (650 ml) than the larger quantity (1,000 ml) in terms of unit price. This  was absolutely shocking. Normally this practice is observed in the food items which looks like is now getting extended  to other non food household items as well, though it is wrong in any way.

The idea is that consumer should be aware of such malpractices and as far as possible to raise their voice either through :

• Vote with your purchase: Purchasing only large packet of the same items  so that a message should go the manufacturers that profiteering at the expense of the customer is not possible.  

• Wake up Consumer: It is imperative that consumer should disseminate this knowledge about companies malpractices to fellow consumer through social media and discussion.

Imagine you are buying this through online website, where it would be difficult to compare prices of each and every items available in pack of different weights. It is much easier to compare them side by side in a physical store. Imagine what a pricing power we are offering in an on line environment to the merchant.  

Today environment is such that corporate world is out there to enrich themselves at any cost. This is one such illustration where they are out there to fleece consumers. Please understand that this is also adding to already high retail inflation to the society. It is high time that consumers should realize and act judiciously to show companies that they will not allow such malpractices to persist.