horse trading ito topple elected governments

What type of democracy is India? look at the atrocities committed by the elected politicians in karnataka, Goa ? why does  the BJP party  power hungry to this extent ?They are ruling the nation and many states with majority. Why are they indulging in horse trading even in the few states where other parties have managed to win and form the government. What type of democracy India will become if , the opposition parties are  reduced to nothing . Such a major party is setting a very bad example .

The Budget

Sir,

The poor and the middle  classes are not concerned about the dream of $ 5 trillion economy by 2025 of the new government , but bother only about the impact of a new budget on their consumption expenditure  after the imposition of particularly the indirect taxes  . The imposition of taxes on diesel and petrol  has come as a rude shock to lacks of poor and middle class  employees who drive their two wheelers to work spots every day . Moreover, the fuel prices always have linkage effect on other prices and finally would cut the disposable income meant for consumption expenditure. Is it a prudent step to touch the fuel prices when the economy  already has slowed down due to various factors and the government is talking about kick starting  the economy by boosting up consumption and investment expenditures?

$5 trillion economy by 2025

In the article,  “Not by wishful thinking”  the author  R.  Nagaraj in the Hindu has discussed how realistic is the PM Modi’s s economic target –to grow India into a $5 trillion economy by 2024. Currently, India is $2.8 trillion economy and GDP rate is 6.8 percent  in   the last financial year 2018-19,  which was a five-year record low. The country is still in the middle of an economic slowdown, plagued by demand woes and low private investments. Global factors such as  the ongoing US-China trade war or a possible global recession going forward won’t help the matter either. There are high chances that Brexit will also curtail India’s export. Moreover, India’s per capita income should rise to $3,500 by 2024, and almost double to $4,000 by 2025. We wonder how , economies, that have a significantly higher informal sector employment, like India with  high level of unemployment  and lower per capita income  help in accelerating the Saving Rate which is a primary condition for higher growth rate?

 Every nation has got the right to dream of bigger achievements in economic and political fronts to gain global leadership position and to make their citizens economically powerful , so that , they can lead dignified lives . But, achieving such an ambitious growth target calls for pulling all the economic growth levers across all the three sectors of agriculture, manufacturing and service through,  higher investment, exports and stable exchange rate. Hence , if the present government pays more attention to economic agenda than to non economic agenda we may reach the goal of $5 trillion economy by 2024 .