ECONOMIC EXPLOSION

According to a report of the world economic forum appeared in the media, the assets of 95% of Indian population are below Rs 6 lakhs. What we have done for the past six decades just concentrated , therefore, on 5% of the people only. We are loudly saying that we are going to be a super economic power by he next decade.

Prices of almost every commodity used by  these 95% people have been increased by 100% to approx 350% during the past couple of years and the rise continues. Prices of petrol and diesel raised by multiples during the past five years. Now the prices of crude have reached an all time low of the past five years but the government does nothing to bring down the local sale price at least by 75% of the increased amount.

Over and above all these corruption at every level is going beyond any control.

The rulers of the nation forget the hard fact that the above said 95% of the population do their best to cope with the situation. Sooner or later a day will come that they may not be able to afford this any further.

On that day there will be an economic explosion, unheard till now, which will have much bigger impact than that of Hiroshima and Nagasaki 

KVGeorge

Comments

Popular posts from this blog

POVERTY LEVEL OF INDIA - A COMPARISON BETWEEN INDIAN REPORT AND UNDP REPORT

ESTIMATED PRICES OF SELECTED ITEMS IN THE YEAR 2100

ENVIABLE COUNTRIES IN THE WORLD