Late better than never, the
love for IT paying middle class which was taunted as muddle class.
When, I read heading as
‘post COVID economic priorities of the FM?’
Better late than never
Some of the items mentioned are
true. Some are not. I am not even a student of economics but an ordinary
citizen who observes things and likes to share the observations. I am forced to
repeat certain statements ad nauseum to reiterate certain facts which often get
brushed aside in hyper enthusiastic justification.
It is easy to resort to
unloving criticism or uncritical love and Indians are known for both extremes.
In retrospect if there are
improvements and success, then, all faults and failures are forgiven or
forgotten. It is like, if the best batsman of the team plays a stupid when is
in his single digit and the fields misses a very easy catch and the batsman goes
on to score a century that leads to the victory everyone praises the ton scored
by the batsman. Whereas, if he had been caught followed by a poor performance
by the others, then we all blame that good batsman for throwing away his
wickets.
However, there is an undeclared
fact that in large democracies the difference between the ruling party and the
government is very thin and therefore, the political ideology or idiocy,
governance or full-fledged corruption manifest depending on which party rules.
Therefore, hidden agenda cannot be ruled out i.e., Delhi and Bihar elections,
especially where anti-AAP sentiment has set in at last but still the majority
of youth earning less than a lakh per month felt that with the soaring cost of
living along with taxes beyond 7 lakhs was not getting them any financial
breathing space or money left in hand power to invest, save or spend [in all
these most of the present day youth are smarter than the previous
generations-who only thought of saving].
When, I read heading as
‘post COVID economic priorities of the FM?’.
There were a few excellent
measure executed by the government during the COVID pandemic itself our
government instinctively realised the immediate actual required action on
priority basis and took care of the needs of the poor [ huge a few crores in
number] through free ration of provisions and the digital payment enabled the
middle class as well to manage somehow [ especially when compared to the
abysmal handling by many countries in the world from the poor economies to the
richest ones.
However,
when the post Covid sigh of relief emerged, one of the first things that the FM
announced was something weird but need of the hour i.e., she realised that
certain areas of consumption have obviously stagnated and caused a dent in the
economy which may be addressed through some remedial measure within the limited
option available. So, FM declared that all those employees, who obviously could
not travel for almost two years of COVID and added phobia, may opt to use their
LTC even enhanced up to 3 lakhs for purchase of any home needs products
like refrigerator, television, air conditioners, Vehicles etc. Though this
benefit was for a few eligible employees of offices where they had LTC
facilities, anyway it was better than none. What could have been the main
intention or idea behind that measure ‘to encourage consumption to spur
economic growth’ [ though the FM in her wisdom would have realised that
it was a tiny part, albeit a necessary one, among the whole lot
of things that go on to spur the economic growth].
Here the key terms are, ‘encourage
consumption to spur economic growth [while acting as one more vital aspect of
revenue as well]’, after that in all the following budgets the same FM
not only never thought about this aspect, but in addition created few
unwarranted curtails on government employees going on overseas tour [ tourism
is one of the most important and easiest way for people to explore other
cultures and nations, what aspects of life are better in our country and what
we are lacking in it etc., this is some basic right of all citizens. It is
unfortunate that in our country real tourism promotion is the most neglected
aspect even to pilgrimage centres-no other country with such long beaches,
wonderful mountain ranges will remain indifferent to developing or promoting
any tourism related better infrastructure.
So, that way the aspect
of providing means of enhancing consumption has been delayed but at
least now for whatever reason has been implemented in a small way. It does not
require a great economist to decipher nor is it a rocket science to know that
any extra money /income left in the hands of middle class will come back into
the economy through these three fundamental things Savings, Expenditure and
Investment [ not necessary in that order or same proportion].
So, better late than never,
better some small step than slumber of all these years of missed opportunities
[ both for economy and political dividends] but more needs to be done rather
than taxing popcorn flavours and chasing roadside Paani poori vendors when
those who have looted in millions are let to lead luxurious life overseas.
Middle Class :- Lester Thurow says, "A healthy middle class is
necessary to have a healthy political democracy. A society made up of rich and
poor has no mediating group either politically or economically.”
Again, the same author
writes, "Change requires individuals who recognise that new things can be
done and who take the initiative to get them done ... The existing
bureaucracies, public and private, will not take on the job of changing what
is".
I wrote the following in one of
my blog posts on Middle class few years ago.
"Poverty is never an
excuse for achieving one's dreams".
While I agree with the message
wholeheartedly, I think it's also indicative of the sick mentality to celebrate
poverty.
We all must praise and
empathize with individuals who come up in their life and go on to scale great
heights in different realms despite poverty and societal pressure driven
hardships.
We as a nation, especially, the
rich, upper middle class, governments of all parties, corporate CSR holders,
NRIs all must feel ashamed at poverty levels ( in a country aspiring to become
a super power) along with hyper conservative attitudes, a hoard of other
irresponsible behaviours, our grand indifference all put together.
Not that disparities do not
exist in other nations. Not that poverty is not used as very useful pawn by
every religion, political system in addition to other pawns of race, caste,
gender biases.
When disparities and
discriminations are paraded either as virtues or objects of sympathy one must
realize that behind the prolonged parading of such status lurks a sense of
deprivations and insecurities which will turn into potential dynamites for
revolts.
Mere
superficial lip sympathies, periodic patronizing doting of freebies and praise
when people from such backgrounds achieve some success alone will not do.
Collectively from 1950 the
total number of MLAs and MP every time when they got elected if they have laid
just 5 small roads properly , provided electricity to one small part of a
village we could have had 20,00,000 well laid roads and 4 lakh small villages
with electricity. The basic necessities for life. This applies not only to
politicians but all others in the list mentioned earlier. If only we had a real
humanitarian attitude from all those, ours is perhaps the only country which
could easily become a poverty free nation.
Social welfare comes about not
through political ideology peddling, religious preaching, or a multitude of
economic systems but through a sense of social responsibility beyond and
besides those social engineering tools.
History has been witness to
poverty swing between two populist extreme ideologies:- one socio-economic
political dispensation capitalizing on sensationalized victimhood peddling
while other socio-economic political dispensation using its capital to trade
off pecuniary benefits for inhuman treatment, hard labor and stripping the poor
of self respect.
The least we can do is to abuse
and to find fault with the community that has delayed the blossoming of such
talents and subjected such talents to unnecessary hardships.
Let us not resort to over
philosophize or to generalize or resort to comparisons of places worse than
ours bla bla.
Celebration of Poverty is never a good thing. Celebration of
deracination from humane concerns is unethical.
Any proposal that is put forth
to change the status of the wretched problem of misery which has existed much
before the famous ' Oliver Twist' and continues to haunt societies will sound
obviously idealistic.
However, on progress I am a
rational optimist and believe in possibilitarianism. Changes do happen either
incrementally, gradually, spontaneously through the interactions and
involvement of many at various levels through some developments observed across
several societies where there has been a growing population of the middle
class-the vital bridge between the poor and the rich. This bridge will
strengthen by paying attention to the nuances of real values at multiple
levels, be it healthy political democracy, protection of humanitarian concerns,
value of the native culture , promoting arts, sports, scientific outlook etc.
The rich may not bother about
most things unless their business and personal life are affected and the poor
because of their dependence may not care for nuances and niceties as long as
someone comes forward to help them come out of poverty.
The responsibility and
relevance of the bridge between the two becomes vital in various aspects of a
nation's economy, culture, collective socio-psychological behaviours etc.
As Lester Thurow says, "A
healthy middle class is necessary to have a healthy political democracy. A
society made up of rich and poor has no mediating group either politically or
economically.”
Again, the same author writes,
"Change requires individuals who recognise that new things can be done and
who take the initiative to get them done ... The existing bureaucracies, public
and private, will not take on the job of changing what is".
As existential priorities change, most identities of
religion, region, race etc, may continue as they wish but will hopefully take a
back seat as they should.

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