Economy woes due to failing consumer participation
I feel slowing economy is due to "Slow Movement" of consumers against poor consumer protection that India has offered over years to facilitate "wealth creators" create wealth .....
this is an answer from Consumer without speaking a word for policies followed by successive governments .... BJP is no different than congress !!!!
Lets take example of Real Estate Sector ... almost everyone who is reading this post is cheated by builders when they purchased home .... so "New Cuffe Parade" case (viral videos everyone has seen) in Mumbai is not an isolated case, in Delhi and NCR, everyone has invested but flats are not delivered for years after years .... and what did governments do? There is absolutely no forum in India to solve grievances after investing crores of rupees ....
So called "Consumer Courts" are toothless "Paper Tigers" average time for case resolution there is 8/10 years --- which no consumer wants to spend ....
On the other hand, (taking example of Maharashtra) Devendra Fadnavis govt (I do not know other states what is case) is always ready with with more and more benefits for builders like increased FSI, benefits on parking and what not !!!!
Every 2nd year illegal constructions are legalized --- for what??? and then there is no one punished -- neither people who knowingly buy, those who build and those who allow to build .....
I really wish that there should be couple of quarter when flat sale registration in Mumbai like city should come down to 2 or 3 digits .... particularly all builders should start sitting on road begging !!!!
how & why do Narendra Modi and Finance minister of India expect that consumer confidence will stay boosted?
And not only Bharatiya Janata Party (BJP) but even Indian National Congress is no different ...
all are responsible for reckless benefits to "Wealth Creators" at cost of consumers !!! Slowing consumer deamand is here to stay .... I guess so !!!! more
this is an answer from Consumer without speaking a word for policies followed by successive governments .... BJP is no different than congress !!!!
Lets take example of Real Estate Sector ... almost everyone who is reading this post is cheated by builders when they purchased home .... so "New Cuffe Parade" case (viral videos everyone has seen) in Mumbai is not an isolated case, in Delhi and NCR, everyone has invested but flats are not delivered for years after years .... and what did governments do? There is absolutely no forum in India to solve grievances after investing crores of rupees ....
So called "Consumer Courts" are toothless "Paper Tigers" average time for case resolution there is 8/10 years --- which no consumer wants to spend ....
On the other hand, (taking example of Maharashtra) Devendra Fadnavis govt (I do not know other states what is case) is always ready with with more and more benefits for builders like increased FSI, benefits on parking and what not !!!!
Every 2nd year illegal constructions are legalized --- for what??? and then there is no one punished -- neither people who knowingly buy, those who build and those who allow to build .....
I really wish that there should be couple of quarter when flat sale registration in Mumbai like city should come down to 2 or 3 digits .... particularly all builders should start sitting on road begging !!!!
how & why do Narendra Modi and Finance minister of India expect that consumer confidence will stay boosted?
And not only Bharatiya Janata Party (BJP) but even Indian National Congress is no different ...
all are responsible for reckless benefits to "Wealth Creators" at cost of consumers !!! Slowing consumer deamand is here to stay .... I guess so !!!! more
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This subject is actual and the complaints genuine. Redressal must be provided. However, mal-functioning of several decades cannot be corrected in a short time. No one holds a "magic wand"; the "time-factor" must be factored into the equation. more
Sep 13
It is very clear that economy sees ups and downs at regular intervals. In our country, population growth is a big problem. If you see some prospects in a particular business then large number of people go after it. There is a limit to resources available and when numbers are more than what it can sustain there will be unemployment and other ills. But we are not paying any attentions to this burning problem. more
Sep 13
Ups and downs are common in any activity and so is the case with economy growth which lies numerous factors external and internal. Though we can have control over internal factors to a grat extent but it is beyond our hand with respect to external ones. As a coin has two sides, consumer spending will come up in next couple of months as we have more than normal monsoon. New government has initiated required impetus and it will take some more time to see the results. So we need to wait and watch. more
Sep 07
Now in the present circumstance buying a property is not a Good proposition.Instead people should rent the accommodation which works out to be much cheaper.As for 2 Cr Property you get hardly 30 to 40 Thosand as rent where as interest alone for this property will be 1.60 lakhs. more
Sep 04
