Recently, Prime Minister Mr. Narendra Modi announced that his government will bring in austerity measures for his Ministers and bureaucrats. This is a right step by the Prime Minister and I welcome the decision. But the real economic growth will happen if the Modi govt. focuses on curbing the mammoth corruption that is eating the very foundation of Indian democracy, nabbing black marketeers (they run a parallel economy in India) and by bringing reforms that lead to better governance with more transparency. Create a pro- business environment that stimulates economy. By austerity measures, no doubt, the nation will save some money, but this is peanuts compared to the crooks and criminals milking the system under political patronage. Austerity to me looks like a facial make up! The real glow on face would come only if the circulation of the body increases so that it vitalizes the whole body. In other words, treat the root cause and not merely symptoms!
Austerity Drive is like a make-up
Reply