It’s been sometime since we have been reading about the measures of the government and the RBI taken towards revival of the economy. But till this day they are left expecting. When the government pours in these stimulus packages it expects banks and people in general to take the cue and start spending. Its expectation stands on the fact that people of the country were expecting exactly the same from the two bodies. It’s hard to tell which expectation will give in first and become a reality, seizing to be a mere expectation anymore.
As is said in one of the great movies of all times (Shawshank redemption): “Hope is a good thing and no good thing ever dies. I’ll be hoping this ____ finds you and finds you well.”
The blank can be filled up with whatever a person needs in life currently. That’s the power of hope although in fact in the original sentence it’s just a “letter”. If you read it you’ll find it’s a sentence about hope but what many fail to see is the whole construct stands on one word “well”. The hope or the expectation to be doing well in life.
So what stimulus package does the government has for exactly that word. With Lok Sabha elections staring at the face now it may not be able to make any but what was it doing more than a year back. Recession had hit the U.S economy by 2007, something which did not reach India till the late 2008. Wouldn’t it would have been a good ploy to restart many of the locked public factories as fast as it could have. There were many such big factories which once hit the news of revival but then just once. And this was on the agenda of the government right from the start of its tenure.
How much this could have done for converting the expectations, of those hundreds still waiting, into reality. I am sure they would have started spending by now if these factories would have started. And once given a security of a job, families could well have gone on to make future plans something which requires loans. Something the banks are desperately waiting for these days.
Now, as the politicians lay their expectations on the Lok Sabha elections expecting to become ministers, so do the people of the country to get a good government from the general elections. Expecting that the new government will take some effective measures to end the slowdown. An expectation which at present seems like a mirage.
The expectation game doesn’t end here. It has a flip side as well. And it’s for the people to stop expecting too much as the crisis has a global effect and to some extent not all lies in the hands of one government or a central bank.
Remember hope is a good thing and no good thing ever dies.
As is said in one of the great movies of all times (Shawshank redemption): “Hope is a good thing and no good thing ever dies. I’ll be hoping this ____ finds you and finds you well.”
The blank can be filled up with whatever a person needs in life currently. That’s the power of hope although in fact in the original sentence it’s just a “letter”. If you read it you’ll find it’s a sentence about hope but what many fail to see is the whole construct stands on one word “well”. The hope or the expectation to be doing well in life.
So what stimulus package does the government has for exactly that word. With Lok Sabha elections staring at the face now it may not be able to make any but what was it doing more than a year back. Recession had hit the U.S economy by 2007, something which did not reach India till the late 2008. Wouldn’t it would have been a good ploy to restart many of the locked public factories as fast as it could have. There were many such big factories which once hit the news of revival but then just once. And this was on the agenda of the government right from the start of its tenure.
How much this could have done for converting the expectations, of those hundreds still waiting, into reality. I am sure they would have started spending by now if these factories would have started. And once given a security of a job, families could well have gone on to make future plans something which requires loans. Something the banks are desperately waiting for these days.
Now, as the politicians lay their expectations on the Lok Sabha elections expecting to become ministers, so do the people of the country to get a good government from the general elections. Expecting that the new government will take some effective measures to end the slowdown. An expectation which at present seems like a mirage.
The expectation game doesn’t end here. It has a flip side as well. And it’s for the people to stop expecting too much as the crisis has a global effect and to some extent not all lies in the hands of one government or a central bank.
Remember hope is a good thing and no good thing ever dies.
