Saturday, January 12, 2008

Suggestions for Economic Growth..

Today ET reported that Industrial Production is growing at slowest rate on the back of sluggish demand...Even Finance minister was heard asking banks to lower their lending rates so that people will take more loans, buy more consumer durables/goods and this way, Indian economy will achieve higher rate of growth...While everyone is thinking of ways to boost the demand in the economy, I want to suggest a way to achieve it (and which no one has ever thought of yet)....
Best way to boost demand for the products and increase the rate of Industrial Production growth and GDP growth, is MARRIAGE.....Now let me explain how it can be done...here is the 10-point Agenda...
1) We have the minimum age limit (21 for boys and 18 for girls) to get married...make this as maximum age limit for marriage....E.g. A boy has to get married before he turns 21, no excuses...
2) A special package for subisidised loans for Wedding ceremony expenses should be announced....Money wasted on this ceremony should be minimum Rs.10 lakhs...it is compulsory...you will get loans at concessional rates...Objective is to help Wedding Organisers and Catering Services grow...(By the way...every loan is categorised into 2 types: Productive and Non-Productive...this type of loan should be categorised as 'Re-productive'..)
3)Travelling and Hotels/Resorts industry will get more and more business with increase in travellers opting for honeymoon package..
4) Marriage creates the need for separate homes...Housing industry will boom...and in turn Cement companies...
5) To please your wife and convince her that you love her (only) a lot, you will have to shell out your hard-earned money on Golden Ornaments and Diamonds...so that this industry will grow...what if Gold costs Rs.11,350 per 10 gms...after all, you (have to) love her ...at any cost...
6) To avoid domestic quarrels on daily basis...one has to bear the expenses of shopping (I mean wife's shopping), Movies in multiplex, hotelling, etc...don' worry my brother...National Expenditure is increasing...Don't you know how National Income is calculated on that basis?
7) Every wife must have at least 2 credit cards....having tie-ups with malls and shopping bazaars.. Banking industry should be provided with the mobile numbers of newly wed couples, so that their Customer Care (?) Executives can call them for tele-marketing...(No need to panic...they won't call during nights)
8) Special mobile tariff plans should be launched for housewives and newly wed couples so that Telecom industry also may join the party...
9) Make it compulsory for couples (married only) to have babies right from the first year...more the no. of children is actually 'Good News' for economy!!!...No need to worry how earth can meet the growing needs...Increase in Population generates additional demand...That's what I learned in the Economics (Chapter: Demand and its Determinants)..
10) Finally...Special type of Loans should be offered to pay the interest on the Loans taken earlier...No matter how many people get destroyed in Debt Trap...Economic Growth is more important...

1 comment:

Joanne D'Souza said...

2 of Yo's favourite topics - cost and marriage! and the wit is there too...! entertaining as usual... but the feminist in me Objects!