915 Mr. Narendra Modi may have to realise that today's "listening ears" may not last for ever

Every one in the world has his-her own set of idio-syncrasies. These syncrasies of individuals add upto local syncrasies, Regional syncrasies, National syncrasies, Global syncrasies, Religio-syncrasies in different permutations and combinations. Ridiculing someone else's syncrasies does not help a person, to raise his own dignity level. Temporarily, such ridiculer may be able to impress others, gain some votes, make some bucks, attract some Twitter-likes, wows, haha-s, hoho-s. The trigger for this yb-a-donkey's observation is from some wisecracks ( चुटकुला, फ़ब्ती , लतीफा , फ़ब्ती कसना, क्षिप्र उक्ति) of our honored Prime Minister of India, Mr. Narendra Modi, who has been elected for a term of five years from 2014 to 2019. Of course, he may get re-elected repeatedly every five years in future, like his Gujarat successes as its Chief Minister. As on date, however, everything is ephemeral. In Telugu language, there is a proverb, and also a verse from Sumati Satakam (A 14th Century circa book of 100 verses on Ethics intended for children, but equally applicable to adults, not only of India, but also to the adults of the worlds in general.)

ODalu banDlunu vaccunu,
ODalu A banDla pai oppuga vaccun,
ODalunu A banDlan vale
vADambaDu kalimi lEmi vasudhanu sumatI.

Approx. Engl. gist: First line: Ships, and carts come.
Second line: Ships come on carts, gloriously.
Third line: Ships are used like those carts (somewhat menially),
fourthline: when there is dearth of wealth, on this Earth. SumatI= O wise person!

We shall now see some of the "subhAshitams" (wise sayings) of Shri Narendra Modi. Link to see the news report: Click here to go to EconomicTimes.Indiatimes.com.

"... Hard work is more powerful than Harvard ..."

"...As the latest GDP data shows demonetisation did not affect growth rate, rather the figures improved. ..."

"... On the one hand are those (critics of note ban) who talk of what people at Harvard say and on the other hand is a poor man's son who through his hard work is trying to improve the economy ..."

"In fact, hard work is much more powerful than Harvard".

Mr. Modi's remark came against the backdrop of Professor of Economics and Philosophy at Harvard University and Nobel Laureate Amartya Sen terming "...demonetisation as a despotic action that has struck at the root of economy based on trust ...".

(Economic Times news part): The government had yesterday pegged GDP growth at a higher-than-expected 7.1 per cent for 2016-17 despite the cash blues, which was higher than China's 6.8 per cent for Oct-Dec period of 2016, making India retain the tag of the world's fastest growing economy.

yb-a-donkey's views, not intended to be imposed on others. However, even harsh comments are welcome from readers.

Harvard Education has its own strengths and weaknesses.
Harvard Economists have their own strengths and weaknesses.
Nobel Laureates of Economics have their own strengths and weaknesses.
Hardwork is like an arrow or a bullet. Arrows and Bullets will hit their targets only when they have accurate direction, and magnitude (minimum force required to reach the target). Besides, Business Environmental Changes should work favorably, or at least not work adversely. Example: International Crude prices can have a strong impact favourable impact or a dangerous impact on a country's economy which depends on Oil imports, or oil exports. During the last three years, India has been experiencing favourable low prices of oil.
If there is no proper direction and magnitude, hardwork may fail, leaving only a 'vrishaNAla prayAsa'. vrishaNAla prayAsa is a Telugu language phrase which refers to the 'exhaustion-fatigue of testicles' when they are used in a sexual intercourse which neither aims at begetting babies, or derive orgasmic pleasure.

EXAMPLE OF INCREASE OF imported CRUDE OIL AND LPG PRICES ON PEOPLE'S LIVES

This linked news report from Deccan Chronicle shows that Government has raised the prices of LPG cooking gas cylinders by Rs. 90/- Click to go to http://www.deccanchronicle.com/nation/current-affairs/020317/lpg-hiked-by-rs-90-centre-to-bear-cost.html. Of course, the Government is partly subsidising the increase. But everybody knows that someday or other, Government wants to totally scrap the cooking gas subsidy. It is only a question of time, before the tiger will leap. Even till then also, when the GST (Goods and Services Tax) comes into force, there will be increase, eventually.

“...LPG is like a yarn but the cylinder is like a cloth. Since GST is imposed on the end-product, we expect the price to increase further when GST is rolled out from July,” ---D. Ashok Kumar, president of the LPG Dealers’ Association.

Growth is a product of several factors. Hard work of our poorman's son "a poor man's son who through his hard work is trying to improve the economy" (The Prime Minister is referring to himself as the poorman's son working hard to improve the economy, in a sort of self-boast.), is one among several factors which concurrently and simultaneously affect the performance of an Economy. This applies to every country in the world including the Trump's United States, Teresa May's U.K., Angela Merkel's Germany, Hollande's France, Shibu Abe's Japan, Xi Jinping's China, or Mozambique or Namibia or Kenya, or Somalia.

Some people believe that GDP Growth Rate percentages of India are fudged by the previous UPA Government and the present NDA Government. Anyway, I do not want to doubt the honesty and integrity of this Government or the previous Governments, though there are some valid reasons to doubt the correctness of the GDP Growth Rate announcements.

India's GDP Growth Rate figures whether fudged or not, are going to be reasonably good for some more years to come, irrespective of whichever party may be in power, because
*population of India is continuously rising
*millions of youth are being added to the work force
*even while unemployed, they DO SOME WORK, to fill their belly and live on subsistence.
*India's demands for goods and services, will continuously rise, owing to poppulation increase.
*Owing to 'rich becoming filthy rich' and 'filthy rich becoming billionnaires', demand for goods and services produced by Euro-American Multi Nationals will also rise. E.g. Audi and Benz cars.

This is a 1000 page subject to write about. But, I shall venture to write on Mr. Amartya Sen's observation: "...demonetisation as a despotic action that has struck at the root of economy based on trust ...".

*People of India from 1947 to 2016 Nov., trusted Reserve Bank of India's currency notes, which are nothing but Demand Promissory NOtes issued by RBI, payable to bearer.

*For the first time, on a monstrous scale, a situation arose in Nov. 2016, when a blunt insensitive attack was made by the Government on this people trust, when people were forced to stand in Bank queues for surrendering the paper money. To start with there is only a Devil, and no deep sea. Deposit the notes in Banks, and wait in queues like a beggar, for a Rs. 2,000 note which one may get, or may not get at the end of the queue.

*In November 2016 itself, many people might have pledged within themselves, to withdraw their entire money from banks, and keep in homes, even if it exposes them to risks of thieves and robbers.

*In November 2016 itself, many people might have pledged within themselves, not to keep large amounts even in the form of currency notes, and convert their moneys into gold gradually, as they have lost trust even on currency notes.

Before 1947, Indian Economy was a barter economy. There was very less monetisation for various reasons.

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