Atrump Games

Atrump Games
Atrump Games

Guess Who Is Helping India To Modernise Its Defence, Infrastructure And Other Sectors?

India used to be known for loan dependent county. Many developed countries kept India under third world country and never took India comment seriously.IMF, ADB, WB and other rich countries used to fund India's social to infrastructure initiatives.India external debt level ballooned and situation stuck India wherein Indian Government use to find themselves in a situation of debt payment default. That triggered mortgage of gold to get some cash in order to service external debt.

That day till today, Indian Government turned the Table upside down and the credit must go to ex prime minister of India Mr. Manmohan Singh.It is universal truth that Manmohan Singh is one of the sharpest economic minds of India. During his tenure, he tried his level best to fund social to infrastructure projects but in some cases he failed completely and that is Defence modernization, infrastructure and manufacturing.

The unexpectedly high oil price kept him at bay as most of fund used to go to pay for oil import bills which limited his chance to divert that money. The higher subsidy funding to keep the masses happy also impacted the prospect and that led to a situation where modernization segment kept under freeze mode. The move impacted the growth of Industry and Indian economy went for toss.

The entry of Mr.Narendra Modi as Prime Minister brought luck for all. The global metal to oil prices went for toss. The oil prices came down from $120 to $30 and helped India to reduce oil bill. Based on the report during FY 16 India saved $32 plus billion. The lower oil never prompted government to reduce the oil prices accordingly but smartly kept the price at the upper limit and kept generating valuable revenue for government. Mr. Modi wasted no time in deploying those savings in infrastructure to defence to other sector in order to kick start economy. The subsidy went down dramatically and that saving went into modernization of Railways.

Modi took proactive steps in attracting International companies to start their manufacturing in India under "Make in India" initiative.Coming back to core question that who is helping India to modernize its Defence to other sectors are none other than Oil producing countries.  The rise of shell oil producers took market shares from countries like Saudi Arabia and all. That prompted price war and also an initiative to kill shell oil producers.

It is instrumental that international oil price continue to struggle for next one or two years and it will help India to improve its economy as well as reduce its external debt to reasonable level.

I would like to thank oil producing countries for their consideration of maintaining market share compared to stable and profitable oil prices.

Share on Google Plus

About Devendra Prasad

20 years plus industry veteran of domestic and international ICT domain with the expertise in Business, Technology, Strategy and Analysis. Specializes in forecasting impact analysis, trends and recommendations for Investments, Technology and Regulations.
    Blogger Comment
    Facebook Comment


Post a Comment