Understanding Deregulation, Privatisation & Economic Reforms: What derailed the Indian economy? By Thomas Franco | September 20, 2022 https://www.cenfa.org/understanding-deregulation-privatisation-economic-reforms-what-derailed-the-indian-economy/
From the year 2014 onwards, everything took a turn for the worse. “The government has no reason to be in business….. The public sector was born to die,” declared the Prime Minister. Demonetization in 2016 triggered an economic eruption. GST – The Goods and Services Tax (GST) was implemented in July 2017 amid widespread misunderstanding. NITI Aayog, which is operating as Aniti Aayog, claims that it seeks to promote 5-6 Global Champions to lead the economy. Covid-19 and the unannounced lockdown decimated MSMEs and jobs. The freebie’s argument has now begun. It is handouts for the poor, but it is commercial support for corporations. The Asset Monetisation-National Monetisation Pipeline represents a complete sale of the family silver. The MANTRA-Fascism is rising in popularity among rulers and their masters. Savarkar, Gowalkar, and others’ ideologies encourage the rich, promote caste inequality, and use religion to separate people, although every religion promotes unity.
Today, education, health care, banking, life insurance, and railways are privatised. If we do not fight today, our children will not have a tomorrow.
To repair the present, we must battle against the government’s policies. The public sector and public services can create jobs and save the country.