According to sources governments in deep financial trouble turning to businesses for advice on reinvigorating the economy and kick-starting a cycle of growth and prosperity is not new. Meanwhile centuries ago, when an entire line of French emperors fought ruinous wars and bankrupted the economy, they paused to conduct an event not too different from our modern day investor summit, hoping to create “confidence and boost business sentiment”.
Furthermore it is time to tell India’s finance minister nirmala sitharaman just that and perhaps if the BJP government sincerely wants to reinvigorate economy, jump start growth, usher in investments, enhance confidence, increase consumer demand and enable job creation, abolish personal income tax. Further the over Rs 5 lakh crore collected as personal income-tax from Indian taxpayers, mostly salaried employees, under the best government will serve the economy less well than it would in the hands of the people themselves.
Moreover Indian politics has professed love for the poor on a precondition that they must forever remain poor and it is time to stop viewing the middle class Indian as a cow to be milked, annually, 30% at source. Unsheathe them as a force instead, a force to trigger and multiply the economy. Perhaps let them become a racehorse instead and they will gallop, and india will win.
