The budget – What Common India thinks!
Babu Ghanta, Special Correspondent
July 07, 2004
The common people in India looks for a budget that is matured and for the
people, by the people and of the people. "I feel the budget affects everybody, from ordinary people to the industry," say 21-year-old student. Prakash Sinha. He wants the budget to be 'more reformist' and not hampered by the presence of the Communists in the government. "That is my main concern. It is going to be difficult to present a reform-oriented budget because political considerations will affect the finance minister's decisions. However, he has to maintain a balance."
He also wants the finance minister to give more stress on the rural sector but he is against populist measures like free power. "Just to win votes, they should not resort to gimmicks like offering free power, as Jayalalithaa has done here."
He is in favour of liberalisation and globalisation, because "we can't progress otherwise. "A classic example is the way Russian communism messed up the Russian economy up. On the other hand, China is progressing rapidly because they reformed the Chinese economy."
Sangeeta parker of Mumbai is a house wife. She does not want the finance minister to increase the price of cooking gas. She wants him to increase interest rates on small savings and reduce the price of gold and silver. "Both my father and father-in-law live on their pension and the decline in interest rates has been a big blow to them."
Kanta Ojha of Jharkhand owns a grocery store in rural area. She is not hopeful of any Indian political party in giving anything got rural India. What is the point in talking about liberalisation, when villages in India live in the dark ages? he asks. "I know people have a lot of money in the cities because I see the way they spend. The young working class goes for the top brand of everything without even bothering about the cost. Only the elderly look at the price tag. I also see a tremendous rise in the sales of cosmetics in the last few years. They buy only the costly imported brands and not the cheap Indian ones." She talks from his experience of running a store.
Rajic Sinha of Delhi runs an IT outsourcing BPO firm. He does not have any 'expectations' from the budget that will be presented by P Chidambaram. "It will be full of compromises, and a reversal of what the National Democratic Alliance had followed, especially because of the way the Left parties are pressuring the government. The Left feels the government should have a larger role in the economy, so, to an extent, the budget will go back to the socialist era."
"On the other hand, the budgets of the NDA were in the right direction in terms of boosting sectors like telecom, bringing market forces into place, reducing the government's role in business, et cetera."
He also does not expect the budget deficit to come down. "The budget deficit will shoot through the roof. And, inflation rate will also go up!”
Ram Prasad Jha of Bihar is hopeful of the monsoon and expects Government to provide special concessions for the farmers.
Lt. Lalit Sharma of Indian Army expects the budget and the Government to accept the sacrifice of the armed forces and help the military personnel live a better quality of life.
This is common India! Every one is expecting something for them!
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