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I heard Rajiv Jee on You tube and got much influenced by his speech. He said that due to devaluation of INR against $, we are getting heavy loss whether we do export or import. This loss is compared against the situation of 1947. However time is not same and we have to be in global market. However I believe this is not the right time until we do not get our economical strength.
He has also mentioned that world bank has put up a condition to open Indian market for foreign investement. So now at a sudden we can not stop that even. So what is the solution. My thoght process brings me down to the following conclusion. I do not have much knowledge in economics, so might be my thoughts are not valid. However some similar ideas can be implemented.
1) Expor tis necessary so keep doing the export. However the export loss should be compenseted by the less imports which are necessary. We can not remove foreign companies at once. People are keep buying multinationals stuff and so in a way import is ON. How to reduce this? One way is adopt Swadeshi, which is our motive. I spoke to many people who are used to of more comfort and facinated with terms foreign item. We can not force them to adopt Swadeshi. So how to reduce multinational sales.
My Idea is that is it possible to bring a law which says that, there will be less sales tax on swadeshi items and more tax on multinational items? By doing so anyway their retail price will go up and people will stop buying that because they will get similar products in less price?
2) Get your money back from foreign countries, not only by doing export business rather leverage our services sector. IT is one of them which is I think doing one of the best sector. Multinational It companies which have their unit in India are giving emploment to our people and also we are getting paid for our services. We are not lossing our natural resources like Iron ore and many others.
Please correct me if I am wrong.
wish u all the best for your endeavour.
As per baba’s press briefing on TV came to know that baba will be carrying out campaign against congress party in UP,would request the organisers to publish the list of these aith cities /District,date time, location/venue well in advance and at such places where it is easilly assesble. PLZ TAKE IT SERIOUSLY, without these babas supporters will not be able to attend or be of any use to such events