Indian Economy and the Middle Class Issues
One can understand the reaction of the low income group of citizens on the reduction of the interest rates across many schemes. But let us try to be pragmatic and balanced in our views.
No economy can sustain on high interest rates, to encourage investment and other economic related activities.
1. Since Modi took over , the inflation has come down from double digit to single digit to around 5%. So what is important higher inflation with 9% interest or low inflation with 8% interest, because high inflation eats more into your purchasing power.
2. With lower rate of interest , even the interest of loans e.g. housing, vehicles and others etc. will also come down, thereby enhancing economic activities and creating more jobs.
My request is to see the over all picture and long term benefits than just to see only some reduction in the rate of interest on PPF and other deposits.
R C Berry more
No economy can sustain on high interest rates, to encourage investment and other economic related activities.
1. Since Modi took over , the inflation has come down from double digit to single digit to around 5%. So what is important higher inflation with 9% interest or low inflation with 8% interest, because high inflation eats more into your purchasing power.
2. With lower rate of interest , even the interest of loans e.g. housing, vehicles and others etc. will also come down, thereby enhancing economic activities and creating more jobs.
My request is to see the over all picture and long term benefits than just to see only some reduction in the rate of interest on PPF and other deposits.
R C Berry more
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AAP SAHI PAKDE HAI.JO REFORMS A B BAJPAYI GOVT. NE KIYE JANTA KO SAMAJH NAHI AAYE GOVT. OUT HO GAYI.MAGAR UNHI REFORMS KE CHALTE CONG KO SHURU MAI FAYDA HUA,MAGAR BANDER BAAT KI AADAT KE CHALTE USKA FAYDA JANTA KO NAHI HUA.AGAR THORA SABAR RAKKHENGE TO ISKA FAYDA BHI NAZAR AAYEGA.NAHI TO FIR WAHI KAHANI DOHRAYI JAYEGI. JAI HIND JAI BHARAT more
Mar 21
All these things are okay, the only 3% tax payers of India are anyway paying all sort of taxes. It is important for India to increase the number of tax payers, and bring all people into the tax range, who are currently not paying tax, in other way I would say making black money. Once the number of tax payers will increase, govt. will have more options to reduce these additional %age of taxes on an individuals. In my view, the only category who require "Reservations" are the current tax payers ;-) We are the only 3% minority community, against remaining 97%, who doesn't pay taxes. more
Mar 21
Really correct please . In my opinion , a comparative study and compilation reveals the volume of effect easily to convince the Concerned please . I think , the Policy set in the Budget is to bringout the Money into the Product and Business making issue for Self Earning generation rather than savings in all possible ways and means please . more
Mar 21
