The Blog
A Message For Mr Modi
In an earlier 3-minute video, Mute, Ram Subramanian, had listed down everything that is wrong with India, exhorting people to stop complaining and vote.
And now it is time for a reminder: "I am the collective voice of this country and I am talking to you today because I am not mute anymore."
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So many speaking for India and so many messages to Modi. Be warned Arnab Goswami of encroachers
Modi seems to have understood the true balance of the economy. The primary balance is
FISCAL DEFICIT - CAD = NET PRIVATE SAVINGS, with net import = CAD, in $ and the rest in created rupees, India' own currency. Note that FISCAL DEFICIT is the prime mover of the economy and any amount can be created to subsidize any and everything. AT ZERO cost.
Unlike CAD, it involves NO $ payments, NO interest and NO rupee devaluation and NO loss of profit to the Indian citizens. The difference (FISCAL DEFICIT- CAD) grows net private savings and GDP. Why shouldn't Modi not use FREE money? Foreign Domestic Investments takes away resources and money from India and prevents growth of technology and know how in India. For example, when will India develop technology of its own monorail, metro and high speed rail?
If this is Modi's stand India will do very well.
" "I am the collective voice of this country and I am talking to you today because I am not mute anymore."
WHo the heck is he? Claiming "collective voice". Very funny.