Monday, July 9, 2012

OPEN LETTER TO PRIME MINISTER


Dear Prime Minister,
I guess you would be as sad as the entire country on the recent announcement of growth numbers of GDP which stands at 5.3% and the lowest in last 9 years. This partially reflects the State of Nation. People complain that you have not shown the commitment needed to bring the economy into the track; that you had once shown for the civil nuclear deal with USA; so much so you had put your entire Govt. on the chopping board. Why can’t you demonstrate the same courage to lift this nation from the morass of policy paralysis? Here are some suggestions if you care to listen.

Mr. Prime Minister, this Nation expects “Leadership” from you to remove the sense of despondency that currently reigns in the Industry, in the Bureaucracy and among Politicians also. There is a need to show bold leadership with a big ticket announcement having commitment and political chutzpa for the roll out, unlike FDI multi brand retail initiative. I guess turn around of the economy in the short run no longer in the hands of Economist any more; therefore, I propose a simple strategy of Water-Women-Energy.

WATER: Monsoon is round the corner and celebration for World Environment Day on 5th June must have received final touches with plans for plantation; however, rain water conservation has not received that much attention which could actually enhance the results of plantation drive. I propose our Prime Minister lead a movement on the ‘issue of water’ that deals with rain water harvesting, prevention of river water pollution & other water bodies and cleaning & preservation of all water bodies. This is a huge task and therefore, requires a movement akin to “Labana Satyagrha” of Gandhiji to consolidate the efforts of Govt., Private organizations and people at large that could create a proactive public opinion to keep the interest of the people alive till the goal is achieved. This activity if done well would kill the despondency and rather create enthusiasm. Water is such an issue that would receive spontaneous co-operation from all political parties, industry and civil society across the board. In economic terms this initiative alone could contribute to GDP by improving agriculture production, enhancing green cover and saving the losses/wastage in floods to an extent by minimizing the run off by virtue of efficient rain water conservation. This is a basic activity that has potential of national well being but, ignored by successive Govt. that need correction.

WOMEN: Women in top 500 cities and towns are generally educated and have time and interest to supplement their family income. GoI in partnership with Industry bodies & Trade association could take initiative for a Training & Production House in each cities & towns which can train educated women in specific skill according to respective aptitude and interest and provide them short duration employment  for 2hrs/4 hrs/6hrs (between 11A.M to 4 P.M) when they have less demand of family. In this, Industry could get skilled staff at lower cost and could become more competitive in international markets. And, further employed women could spend their additional income in education of children or asset creation that would drive domestic demand.

ENERGY: GoI could take initiative to attract investment required in technology up gradation to minimize the Technical & Distribution losses of energy that stands at 30-40% which is a huge hole in our national exchequer. Even Govt. / Banks can choose to deploy a part of national savings into this activity which could deliver assured returns knowing the amount of savings that would accrue to the utilities. PMO also could announce a policy for cultivation of 1 hectare of Jatropa in each village with suitable incentives that over a period of time reduce our dependence on imported crude oil that runs a wedge in our balance of payments. 

These are few initiatives that could alter our economic outlook if done properly along with Prime Minister’s $ 1 trillion forays in infrastructure.


                                          

No comments:

Post a Comment