Thanks
for Speaking Up !
Dear Shri Swaminathan S Ankalesaria Aiyar ;
Thanks for telling some bitter truth
I hope our Policy Makers in New Delhi find time to read
your views on the recent #TradeWar
unleashed by USA , as expressed in your following article, appearing in today’s
Economic Times :
Towards the end, you write
:
India needs to accept that
subsidies are not the way to promote exports.
Indian exports are
uncompetitive and high-cost thanks to ,
·
land made expensive by acquisition laws,
·
interest rates made high by populist schemes that stoke deficits and
inflation,
·
labour rates made high by labour laws,
·
industrial power tariffs kept high to subsidise
farmers, and
·
freight rates kept high to subsidise passengers.
If India loses the WTO cases,
politicians might finally agree to reform these high-cost policies that hit
exports.
In my following blog ( sent last week , as email to the Policy Makers ) , I wrote :
Only way to survive, will be by ensuring
that we turn India into a :
#LOW-COST-ECONOMY,
where we can compete with the rest of the world (
for our share of the World trade ), on the basis of a BETTER QUALITY / LOWER PRICE / FASTER DELIVERY , of our products and
services
We must immediately implement #REFORMS which will help
our companies lower their costs of :
# Manpower ( Salaries
/ Wages )
# Materials ( Raw
materials / Components / Sub Assys )
# Money ( Funds
/ Finance / Capital )
# Space ( Constructed
factories / offices / homes )
# Management ( Manufacturing
and Marketing Overheads )
# Compliance ( Forms
/ Reports to be filled / filed )
# Corruption ( Bribes
to be paid to Govt Agencies / IT dept )
# Non-Governance ( MPs –
MLAs fail their responsibility )
As far as enabling Indian companies to lower
their costs is concerned , ( - thereby ,
effectively making them more competitive in export market ), there is an urgent
need for our governments ( both at the Centre and at the States ) , to :
· Speed up the pace of #REFORMS already initiated during past 4 years
· Initiate NEW REFORMS
During the past 4 YEARS ,
I have sent many suggestions to our Policy Makers
It is not possible to list all of these here
But , readers interested to know , may look up a few of these at
:
· Agenda for Reforms [ 01 Oct 2015 ]
· Citizen Monologues [ 24 Oct 2017 ]
https://myblogepage.blogspot.com/2017/10/citizen-monologues.html
· Have A Good Suggestion ? Send it to PM [ 08 Nov 2016 ]
https://myblogepage.blogspot.com/2016/11/have-good-suggestion-send-it-to- pm.html
· An App for Everything ? [ 18 Aug 2017 ]
https://myblogepage.blogspot.com/2017/08/an-app-for-everything.html
· Level-Playing Field is a Double Edged Sword ! [ 08 Feb 2017 ]
https://myblogepage.blogspot.com/2017/02/level-playing-field-is-double-edged.html
28 March 2018
www.hemenparekh.in
/ blogs
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