Based on my limited reading of Indian media articles and following several politicians and others on social networking platforms, I have arrived at a conclusion that Budget 2016 lays solid foundation for New India and my dream India. I called it my dream India because of the promise Budget made and direction it has shown for rural India.
I born in rural India and spent all of child hood and most of my teenage in an Indian village. I always have emotional connection with India and specifically rural India. As I grew, I closely watched and read the problems of poor agricultural farmers.
I called it dream budget because of my long standing belief that India can only be developed country with the development of rural India. India still has large number of people living in rural India and mainly depending on agriculture as their main source income. As most of you aware, Agriculture is in serious crisis for last several years, several farmers committing suicides in Vidharbha, Telangana and other parts of the country and Governments had taken no serious steps towards reviving agriculture and improving agricultural income. Some state Governments and UPA government tried to provide relief with loan waiver programs. Those steps provided temporary relief to farmers and it was more of a reactive measure to situation than a strategic vision from union government. I see this budget as strategic and visionary one.
Jaitley's promise to double agricultural income in next years in very much welcomed statement and hope that the government has serious action and implementation plan behind that promise. As most of the people saying, It is a tall promise but we need such promises from government and administration to execute on promises to bring rural India, which is primarily dependent on agricultural, from current near collapse situation to a better state. Improving the rural economy not only helps rural India but it also helps urban India and industries. The demand to industrial output would grow as rural economy grows. As a result, India could build an economy inside economy which provides necessary shield from ongoing and future global economic crisis.
Jaitley's promise to double agricultural income in next years in very much welcomed statement and hope that the government has serious action and implementation plan behind that promise. As most of the people saying, It is a tall promise but we need such promises from government and administration to execute on promises to bring rural India, which is primarily dependent on agricultural, from current near collapse situation to a better state. Improving the rural economy not only helps rural India but it also helps urban India and industries. The demand to industrial output would grow as rural economy grows. As a result, India could build an economy inside economy which provides necessary shield from ongoing and future global economic crisis.
The MNREGA scheme introduced by previous UPA govt certainly helped rural India to some extent but it is nowhere close to idea of reviving rural India. The 2016 budget's priorities includes agriculture spending, rural infrastructure improvement, spending on irrigation, 100% electrification of villages would provide superior foundation for New India and I hope to see rural India to flourish. The investment in Railways helps to connect rural, small town India with urban India and it helps both rural and urban economy to grow.
If this budget promises are implemented as announced, it would be not only unforgettable budget but path breaking budget in the history of India and we see new India by 2030. I have huge hopes on Modi, while I have some doubts too. Finally, be optimistic and India can do it!
