no one's addressed me are kumar babu so far, that's why i find it strange .
I have a different take of this subject of the " country's economy" thing. I dont profess any knowledge of the economy nor financial understanding, so will give my opinion purely on a layman's terms. It is just a personal opinion .
Though most media and oppositition and some so called economists have been predicting and proclaiming a doomsday situation for india, is it really so ?. Just leaving aside our political leanings, and the media picture look at the market and the businesses neutrally, does it really look shattered? not to me, i agree there are lots of shops closed maybe many are out of jobs but its not in the doldrums as projected.
My friends in the auto industry have told me the business has picked up well and in fact though i expected a boom in the small car segment( people buying personal cars to avoid crowds) even the 8 lakh plus segment is showing great growth, a couple of friends in the realty segment also have said business has picked up. in fact my friend's wife who works for prestige builders said that throughout the lockdown period they have been selling online with great results. all premium projects are getting sold in days, this does not say economy is down.
the local vendors though had complained of slowdown have not been destroyed, they have bounced back well. in fact the chap who sells flowers on a push cart near my house just bought a pulsar.
The stock market is another story, there's no ipo which is ignored, and though people say robinhood, lack of other jobs etc, i do not believe so people will speculate on the market with money which cant be spared especially when it is projected that they dont have jobs and prospects, no salary , unsure future.etc etc
I am not saying this to support modi, it's just an outside observation. Whereas you can very clearly see that many of those attacking the economy with all sorts of figures are always looking at ways to pin this on PM Modi. in fact a few of them are blaming him personally. All this is unfair. Just because one person is seen as a threat politically it is not that he has destroyed the economy. The current situation is not very good globally as the situation is similar in most places. but my feeling is the recovery in india will be far greater and better because as indians the real grass root economy is not in the books and theories but like they say the jugaad of our countrymen
sorry for the long post , but i had to say this. I will mention a small incident to show my case.
My friend has a fabrication and press unit where I used to go off and on. He has a lot of employees, welders tool and die makers, fitters etc ., all local men and no formal schooling. fantastic workmen. There was a day another chap brought an industrialist from UP who has been looking for some one to make him a die for some huge order he has and has not been able to get a die made to give the exact specifications. Someone told him about the die maker working for my friend and brought him to the factory. This guy looked at the drawing for a long time and asked his one simple question. Do you want a die that works or do you want a die exactly as per the drawing.
now you know why i have immense faith in indians.
