9,10 and a BIG FAT HEN!

I had decided the topic for this blog last week on the Budget day itself. And yes, the HEN is our Indian economy. Growing at 9% and a gazelle towards 10%.

The expectations much unlike yester years was too much for this year’s budget. And PC ended up with an Ordinary, Lukewarm, Innocuous (As experts called it) budget. For me the only disappointment was not the tax proposals but that, the FM missed an opportunity to launch some exciting development projects. The FDI stands at a staggering 180 billion dollars with no proposals launched in Infrastructure side or even allocations made. I must remind the reader of the Golden Quad project that the NDA launched during the previous rule. This budget which has seen the maximum growth in the economy lacked the grit.

In spite of all the parallelisms we draw with China we lack in making massive investments in Infrastructure like China. The FM is only interested in restructuring the ITI’s which has been receiving funds YOY.

We are the fastest growing economy in the world.

1)We also have a high inflation that’s catching up with our GDP growth.

2)We have the longest rail network in the world. But we have to plan 40-50 to get a rail ticket. (or even more since laloo allowed booking 90 days in advance.

3)We have to give a cushion of 30 minutes for traveling 4-5 kms to office on our roads.

4)We have to plan a week ahead to book a ticket for watching a movie ticket.

5)We have to book tickets a month ahead for traveling to USA/Europe.

6)We have to book a Hotel room 3-4 days ahead for getting accommodation in even 5 star hotels.

The above points are just indicators that we haven’t planned our infrastructure well to match our growth rate, both in economy and in population. And this is where China, has and is, racing past us.

Before closing, I am just going to say what Narayanamurthy said about the Budget “ The FM has missed a great opportunity”!!

Happy reading!