By Vishal Sridhar
Edited by Shambhavi Singh, Senior Editor, The Indian Economist
With his maiden Independence Day Speech at the Red Fort, Narendra Damodardas Modi has once again raised the already overwhelming expectations that people have from his Government. The hope for a change in the standard of living and economy, especially among the Youngistan has increased after his rhetoric speech a few days back. It was delivered in his usual manner except for the dearth of his spontaneous humour, which drew huge crowds during his Campaign Rallies. Here are the few points that stand out:
- “I tell the world – Come, Make in India. Sell anywhere but manufacture here. We have the skill and talent … Let us think about zero defect – that our products are not defective – and zero effect – that our products have no adverse effect on the environment”
A great admirer of the Chinese, Modi has always given a special attention to the Manufacturing sector. During his stint as the Chief Minister of Gujarat, there were times when the industrialists received calls straight from his office enquiring about their needs and their future plans. With this above statement, Modi has given us a hint on how the Government is going to revive the economy.
- “After all a person rapist is someone’s son. As parents, have we have to ask our sons where he is headed. Why not put the same yardsticks on sons too?”
The return of an anticipated pro-business party at the Centre, led by a controversial yet charismatic leader filled the front pages of many international journals and newspapers across the world. The discussions on the pros and cons of the leader himself, his style of governing, his peculiar grooming years, his expected Big Bang reforms and the fundamental changes that he may bring about in the country found a special coverage on the International Publications. Crimes against Women has had a bull run over the past few months. There have been ghastly incidents that happened first in U.P, then in Bangalore and again in U.P. An internal introspection is the need of the hour, especially for the young boys and men. Laws or Acts may prove effective only if the fundamental bases and perceptions of Men on Women changes.
- “I have seen families where one daughter served parents more than five sons. Have we seen our sex ratio? Who is creating this imbalance in society? Not the Almighty. I appeal to doctors not to kill the girl child”
One area which his marketed Gujarat Model failed horribly is the Human Development Sector. And it is heartening to see that at least after 10 years, Modi has realised the need to accommodate this sector in his development mission. Just imagine the kind of impact a favourable HDI fuelled by an increasing economic growth rate will have on a country.
- “In a short span of time, we will start a new institution that will work in place of the Planning Commission”
Is Arun Shourie making a comeback? Probably Yes. The Planning commission has been one of the hot spots for the retired officials to drag their professional career. There haven’t been any significant impacts brought in by this commission other than giving students like me the opportunity to work under them. The question now is that on what basis is the next institution going to be framed .and what role is it going to play?
- Jan-Dhan Yojana – The Financial Inclusion Drive?
In a scenario when only 58.7 per cent of the households in the country have access to banking services, the launch of the ‘Jan-Dhan’ scheme is a welcome move. Similar schemes were brought in by the previous governments, but none proved effective. A lot of ground level supervision and administration is needed to make this a success.
An aspiring economist, Vishal Sridhar lives in Ashok Nagar, Chennai. He will be graduating from Loyola College in 2015. Apart from Economics, Indian Politics and her history fascinate him. He’s thrilled to scrutinize the NaMo Government and her affiliation with Raghuram Rajan. An enthusiastic learner, he loves to pen down his thoughts on the various economics and political issues. He takes life as it comes and strongly believes that everything in life happens for a reason. He wishes to travel across India to experience her rich culture and traditions. He’s very keen on interacting with people and loves to exchange thoughts on various subjects. Don’t hesitate to connect with him at FB or to drop an email at email@example.com.