Why the economic condition of the world as well as India is concerned today ? As I am an Indian I will think for my country first.
Why the economic condition of India is so poor today ? Many people say that it is the main concern of the whole world today. But we have been reviving from it day by day . It is because of our assets have been going to foreign company since 1935.
Let me explain, though I don't have the plethora of knowledge on this things but as a citizen of India it is my duty to know all this things and inform other general people. They have the right to know all this things.
I will give you the explanation with some examples that will help you to know the problem and you may post the solution.
According to our government the foreign companies should come to our country and all the facilities will be given to them so that they can expand their business in India. In this way foreign money will come here and our country will be benefited.
Do you think foreign companies come here to help our economic condition ? If yes, you are wrong, I am sorry to say :)
Now a days all the renowned banks and companies in United states are in critical condition, because they gave loans to general people who did not return the loan to them in time. Some Indian banks are also in the same situation because of this reason.
Now listen why you were wrong ?
In 1935 a big company came to India for business purposes named Hindustan Lever. Many people think it is a Indian company, but it was a collaborated Company of Britain and Holland named Unilever limited. At that time they invested as "initial payed for investment" about Rs. 15 lac. Now it is a big company in the world and it earns over 14 thousand crore annually from India only. According to their balance sheet more than 250 crore goes to their country.
So they earned approx 250 crore from our country annually .
Now just imagine in the last 75 years how much they have taken from our country.
If they come with 1 dollar they earn 3 to 5 dollars from our country and our population will help them fill their bags. Remember they didn't come here with this kind of profit. We helped them make profit in our land.
So foreign money is not coming in but Indian money is going out to foreign soil.
Like unilever there are many companies today making profit from here. Colgate & Pamolive,philips and sony are the some other names in the same business .So buy things from Indian companies so that our money remains ours only.
It is entirely my opinion if you agree then do not forget to write comments and asking question. Because the economic condition will change by changing opinions, not only loss and profit.
Yes Achintya, I agree with your point.
ReplyDeleteThis thing is known by many of our Indian business experts but they keep silent bcoz in fear of losing their benifits. Foreigners took the advantage of our(People as well as Govt) foolishness. This is not only the fault of goverment but also people.
Like thousands of small water drops together forms an ocean, People who really wants to change such a bad situation in our Economy should contribute to their level best and also should encourage this kind of spirit in others.
Yeah Achintya you are absolutely right. Even I support the same but the current politics will never let us do this.
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