Feet on Fire – Bully, Bribe and Bankrupt

February 24, 2023

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Padmini Arhant 

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Feet on Fire

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Bully, Bribe and Bankrupt 

Padmini Arhant

 

The New Delhi executive branch arsenic strategy upon feet held on fire are bully, bribe and bankruptcy.

Bully – the nations in South Asia – Indian sub -continent viz. Nepal, Bangladesh, Sri Lanka, Bhutan and Pakistan. Maldives on Indian Ocean. These nations are in fact caught between China and India in economic trade war.

India investment in power and infrastructure projects in these countries are proved to exclusively benefit  New Delhi’s  close partner Adani groups as opposed to Indian economy in entirety or for that matter the population in any of these host nations in the territory. As a result, the latter is hamstrung to oblige New Delhi’s lopsided demand.

Unlike New Delhi policy with South Asian nations briefed above, the approach with the west is appeasement and appreciation.

Bribe – the west expending multi-billion dollars in purchase of hundreds of aircrafts by funding Indian oligarchy in aviation industry using Indian tax payers money and expatriate foreign remittance.

The funds generally derived from Indian middle class tax payers since the wealthy oligarchy and upper echelons in Indian society through direct and indirect links as well as representation in politics freely avail tax evasion privilege hoarding money offshore.

The foreign currency reserve is predominantly received from Indian expatriate foreign remittance to support their family back home in India.

The government divestments from public sector to private sector in the past nine years having exponentially increased creating unemployment, income inequality amid hyperinflation exacerbated with unaccounted black money in circulation in the economy, the Indian work force is exported rather than export of Indian manufactured goods and services abroad.

The administration in New Delhi lobbying the west viz. the United States, Britain, Australia…to expedite visa processing for Indian skilled work force to serve the above enunciated requirement is the ongoing trend.

Again in the absence of domestic job growth to employ workforce at home in various skills and occupation, the government generated brain drain with professionals, assorted tradesmen and service providers exodus overseas is essentially evacuation of natives i.e. Indians from the country.

Not to mention the eviction of native Indians with majority Hindus leaving the country, the government’s Hindu Rashtra agenda is null and void.

Meanwhile, the nation for sale with tangible movable assets, prime land and endowments are handed over to government partnered oligarchy barring transparency and accountability.

The state corporate press and media dissemination on government targeted individuals regarded threat to fascism prevalent at the moment engage 24/7  in indoctrination and false narrative.

In the trade angle, the flip side of boosting foreign economy via extravagant spending on aircrafts and other lofty items besides damage mitigation of the much focused self-image of the head of the nation are the following.

A. The depletion of foreign reserves considering the irrevocable firm order on the economic deal viz. the recent commercial aircrafts.

B. GDP decline with little or no manufacturing at home despite widely propagated Make-in-India slogan during political rallies not translated into experience.

C. The current momentum on imports having substantially increased with significantly minimal exports, the foreign investment in Indian economy is made non-essential. The situation also facilitate government favored oligarchy monopoly in Indian economy with ingredients and components mostly imported from China in the consistent trade deficit so far.

Indian central government head attempt to lure western approval on self-image is premised on major expenditure buying goods from western companies similar to wild shopping spree.

The other tactic is showcasing India as a huge consumer base without enabling consumer affordability and buying power contrarily reduced to struggling to make ends meet at the middle class level.  The lower income and poorer segment can hardly survive in the tough economic environment let alone participate in the consumer market.

Accordingly, the foreign investors’ diversion allow them to produce and manufacture on their soil promoting job market in respective foreign destinations.

The unemployment and underemployment of educated qualified youth representing majority population in India impetus immigration to foreign nations. The migration pose a challenge not only to new immigrants but also local work force unable to accept foreign workers competing for the limited opportunity.

The real winners in the economic deal are those at the helm in corporate empire and politics while common workforce at both ends are left with compromise as the only option.

That leads to bankruptcy of people in Indian economy.

Bankruptcy – The average Indian citizens’ pay dear price in this economic shamble. They are deprived of economic stability and progress. Simultaneously, their hard earned savings wiped out in national banks and  private financial institutions due to rampant financial fraud from government’s intimate associates turned fugitives like Vijay Mallya, Mehul Chinubhai Choksi, Lalit Modi, Nirav Modi and the likes….all of them absconded and fled the nation with government aided security and mutual agreement.

There was a time in Indian history when the Sultan of Delhi, Muhammad bin Tughluq was called a mad king for legitimate reasons. The ruler frequently shifted state capital along with people. The token currency he introduced unbeknown to population and the projects as well as experiments declared own ideas were unsuccessful.  Yet the ruler presumptuously considered self a genius. 

In India in 2023 for ordinary people is an uphill battle combating corruption, inflation and economic stagnation. Additionally the ones with potential and ambitions are facing nomadic life in search of locations with job prospects across the globe. The country is displaced with oligopoly of which duopoly enjoy unlimited gains as entitlement. 

With democracy dissipation, the fundamentalist ideology evolved into authoritarian is the reality. 

Padmini Arhant 

Author & Presenter

PadminiArhant.com

Prakrithi.PadminiArhant.com

Written by Padmini Arhant · Filed Under Economy, Featured 

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