Friday, December 20, 2013

Your Role in Improving Economy in India

Have you ever felt that when your car is clean from outside and inside and is also polished, it runs smoother? Though there is no connection between smooth car ride and a polished car, the fact cannot be denied that a car feels better when clean and neat.
You can improve the economy in India by making your home and neighbourhood neat. You must also spend one hour every week to see your finance related papers. You must also file all the papers neatly and clearly. It will not be a bad idea if you calculate your worth. Also use extrapolation of data to determine the worth on a future date. Say, when your son passes 12th class.
Consumption is also a good way to boost economy. If all of us consume Potato Chips more then a factory for Chips will be made which will give employment. Also potato crops will grow. And oilseeds crops.  But care must be taken to see that right products are consumed more. Eating too much of salted almonds by everyone cannot be termed feasible. The mantra I suggest is consume more of those products which are socialistic. Steel products, clay toys, garden fertilizers etc. are good examples of socialistic products.
Ethics are a personal thing. For someone buying a product below MRP is acceptable. Some people feel that if he milks Rs.100 from a person, it is as good as earning a lakh. Yet for some not returning loan is acceptable. I rate not returning a loan as ethical and acceptable. I feel it is the job of the bank to get back loans. Why should a borrower worry about returning? Anyway unethical finances are a pain and we must learn to live with it or get over it.
Of course, the most important in improving economy is the old adage "Small drops make an ocean". So start right now in a small quantum and help our country to progress.

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