Focus on economy

Even as experts fear that Indian economy is hitting rock bottom the Government of India seems least worried. The promise of creating job opportunities is also not being fulfilled and instead several new promises are being made. Too many disruptions, too soon is somehow crippling the Indian economy. Demonetisation, NPA rules, bankruptcy law, GST, thrust against black money — everything is being done at one stretch and definitely it is not helping the economy. Unfortunately instead of trying to solve these woes, government is busy announcing new populist measures.
Prime Minister Narendra Modi today launched the ‘Saubhagya scheme’ to give free electricity connections to poor families in both cities and villages, with a total outlay of Rs. 16,320 crores, which will be funded largely by the Centre. The government has said it aims to provide electricity to all homes by December 2018, with a target of reaching power to all un-electrified villages by the end of December this year. This looks like another overtly ambitious project and a publicity gimmick by the present regime. Union railway minister Piyush Goyal who was holding charge of power minister in October 2016 had announced that by May 1, 2017, India would have 100 per cent electrification for all. But the promise was never fulfilled and Goyal left power ministry and assumed the charge of railway. Government should not make such kind of fake promises to the masses. Right now there is increasing fear over the fate of economy. There is urgent need to take steps to revitalize the economy and create more job opportunities for the youths.