Does 1947 Financial Planning still Suits India?

Does 1947 Financial Planning still Suits India?

A family of four requires a much advanced plan when it becomes 5 or 6, A company with 50 employees requires a much bigger plan when it expands to 100 and similarly, a country with 30 crore population requires a much more sophisticated plan when it grows to 120 crore. But unfortunately, people ruling this country and forming the strategies for the development of India have literally failed to understand that India too requires a bigger, advanced and innovative plan.

Dear fellow Indians, do you think India is moving towards a planned destination. People governing this country are talking about GDP growth, but whose GDP growth it is? Is it the GDP growth of all or the top 3-5% of Indians?

See Also: Monetary Policy of Reserve Bank of India

We have created so much of gap between the haves and have-nots, which would require another 100 year to clear this Gap if this country moves in the same speed and in the same direction.

I would like to illustrate few facts which would certainly open your eyes to think beyond what our great media channels are making you to think.

Above mentioned facts may not be acceptable to many as we are also the part of this system but these are facts about our surroundings and the society. Then the only question which you may all have is – What is the solution to all these things?

See Also: Indian Economy

Financial Literacy in India

Today, people say you must vote, but whom to vote when all the candidates appearing in the election are corrupt. Can I and you contest election and win? We can only when we have money to spend. When we spend money we have to earn it back as well. To earn money we have to choose the illegitimate ways. That is corruption.

India’s most powerful resource is “Manpower” which is highly perishable in nature and requires much advanced plan to utilize effectively before it gets lost. But today India’s public planning has been successful in exploring the potential of only 20-30% people and that is the major reason of India’s slow development.