from 2008 onwards, even as industrialists have been becoming richer and richer, banks were becoming poorer. It was also a period of negative job growth economy. The government of India's claim of 7% growth will have to be taken with not a pinch but a large tablespoon of salt. Now with US, UK and UAE nationalistic policies, the crisis is growing bigger day by day. The largest contributor to Indian economy the IT both in terms of revenue and job is looking ahead at very dark days.
One of my friend who is heading a private banks' home loan section says, he is having sleepless nights these days as he expects a serious repayment crisis in the sector. Another day, there was a news that 80% engineers are not employable, but the fact was there are no jobs created in India anymore. Above all country is facing largest ever draught eroding entire rural agriculture economy on which the GDP actually rests.
But Interestingly country's top priority lies in cow vigilantism, ram mandir, anti-Romeo hooliganism, warmongering with Pakistan, how to dislodge opposition governments, massive propaganda of least achieved.
If the news is to be believed, then the central government is planning a massive campaign to the tune of more than 4000 crores or so about its achievements, named M.O.D.I developments. One only will have to recall the India shining campaign by Advani and its consequences to predict the outcome.
The classic theory of propaganda is, it is a lie built on a lie, and it is only a bought out time before the delivery of actual promises. it is not a concoction for to cover up a failure. One should not confuse with the impact of advertisement, that is pitched against real facts with the capacity of propaganda, that are only 'jumlas'( as famously said by BJP's national president Amit shah. )
I feel sad for this generation. Our generation and before that have tasted success slowly and saved steadily, tragically this generation has started with success and has flaunted their earning are going down very fast and in an unbelievable pace. Sad!!
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