Hope against the ODDs......

Within the economic tantrums, the few steps what the govt can go for, according to me

* Shell out Foreign exchange reserves : Countries make forex reserves for these purpose only. India is in news for enhancing it's For-Ex reserve to 278 billion $. When the economy is at brink of disaster we can go for usage of this reserve. This can hold this rupee depreciation for a while.

* Temporary hike in  import duty on High end gadgets : Let the cost of the non-essential things go high. A costlier Audi,BMW, Porshe, Smartphones, Imported food and beverages(costly scotch and wines), has nothing to harm economy. And all of certain it can send some warning message to outside world. Economy may be run by the top end percentage of the population. But it stands due to the spending by the other side of this percentage.

*Trade with mutual currency else than the common one: This can be the perfect step for the time being to stabilize economy in the current scenario. The dent, high price of dollar is making can be neutralized. Else than that, this can be the relation booster between the countries, helping the cause of mutual understanding. We can give software, manufacturing, Service solutions etc. to the middle east in exchange of oil. We can also go for the loop of countries going for this solution.

*Research and development: And this is what, where we are late. We are suppose to be on Fast track than being trackless. A lot of sum is being spent on transfer of technology from the developed world, hence causing a huge crater for economy. Significant amount of priority in the field of R&D has to setup to make things visible in the positive direction. Budgetary allocation should have significant contribution towards and should be given wide coverage.

*Common People: The last being the common people, understand your value, we are the major chunk of consumers. We can go for made in India product, helping the Indian firms grow Big. We are the part of largest democracy  which is seems to be hanging without support. This is time when we are supposed to go against the selfish agenda of corrupt political world. Leaving apart the ill economic and biased communal policies, the fight should be for the development and the peace. If we could have gone for the infrastructural and the manufacturing development, there won't had be a need for MNREGA and Food Security Bill. Give it a thought earned food is much better and respectable than the freebies(why?).