Follow Us :

Modi government should learn strong lesson from the present dismal state of China where identical situation prevails like india of the most sorry state of common people facing high dose of inflation and growing joblessness because of fast pacing shutting down of many big and medium industries because of imposition of stringent embergo on Chinese imports by the western world as well as many Asian and African countries including China’s biggest market India. Another factor is plauging chinese industry is the fastest withdrawal of FDIs particularly of American, Korean and Japanese precious investments for geopolitical tension and for Chinese high handedness.

Moreover adding to the woes most of the huge Chinese BRT  loan receiving nations are now gross defaulters, thus draining out billions of Chinese bad debt. Anger against present communist rulers are to such extent that many top scientists had started detection to the west for better living. So actual overall China’s picture is no better than Pakistan but it still boast of largest bullet train networks, shopping malls ,princely Highway and glittering cities. Present Indian government is hell bent to mimick China by introducing bullet trains, bande bharat and other luxuries without addressing the high inflation, unemployment and income inequality problems which if not be handled with hard manner will soon render india, the fastest growing economy in to a failed and begging state like Kenya  or Pakistan. It is known fact that present government is too conscious about people duties to the state including paying highest GST and petro products as well as detecting and punishing assesses for any default but equally callous on states duty to the common people.

India- Next China

Actually very high intelligence not require for any body to foresee  indias immediate  bleak future. Drying up of real income and savings of common people who constitute 95% of population due to spiraling inflation and lack of non technical jobs in formal and informal sectors which  constitute 85% of job markets . so common people are sandwitched between vicious circle of inflation and unemployment thus creating huge number of have nots which is dangerous for any countries social and political stability. We must rember that history of universe is nothing but being driven by financial compulsion and finance is such powerful silent atom bomb that it caused dark colonialism, two world wars, October and French revolution, fall of Soviet union , communism, many bitter wars  and now china.

Author Bio

PRACTISING AS A SENIOR ADVOCATE IN HONBLE ITAT, KOLKATA FOR LAS 19 YEARS STEADILY. BEFORE IT WAS IN DELHI HIGHCOURT AND ITAT, DELHI. EX LECTURER OF DEPT. OF LAW, UNIVERSITY OF BURDWAN. View Full Profile

My Published Posts

Hybrid System of Hearings In Upper Judiciary and Some Practical Problems Disallowance of Business Expenses by AO: A Glaring Instance of Unfair Logic Important Delhi ITAT Judgment: Impact of Demonetization on Cash Sales A Critical Appreciation of Ranchi Bench of ITAT in Rakesh Kr. Jha vs. ITO Is Income Tax Section 36(1)(viia) Applicable to Co-Op Societies Too? View More Published Posts

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Search Post by Date
May 2024
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031