Pillars of the economy from bad to worse
The three pillars of the economy namely new investment, investor sentiment, and consumer sentiment are going from bad to worse day by day. It seems India is entering a worse stage than 1991 if consumer's purchasing power and depleting foreign exchange reserves are taken into account in true spirits. The dispensation must fix this problem through RBI and other agencies guidance before it is too late. One way is to give chance to those who are holding cash as black money into banks, no questions asked for 6 months or one year, this way money will be in circulation legally, unless GoI has better options.
Harish Kumar
Harish Kumar