Home > Global Finance, Indian Economy, Politics > Same difference … BJP supports bail out for India Inc

Same difference … BJP supports bail out for India Inc

BJP supports bail out for India Inc

The opposition Bharatiya Janata Party (BJP) today called on the government to respond to the “present economic crisis” and take specific measures to bail out companies in civil aviation, real estate, automobile, textiles and gems and jewellery sectors and help them tide over the slower consumer demand and rising costs.

In a joint briefing today, BJP leaders and former finance ministers Jaswant Singh and Yashwant Sinha, accompanied by former Communications and Disinvestment Minister Arun Shourie, said unless the government took immediate “sector-specific steps”, and that too on a large scale, “companies would start shutting shop and lay off employees in large numbers”.

The largest employer in India is the SME sector

And the BJP does not talk about the SME at all. Just like the Congress is not bothered about them at all. Save the big industry. There is space for big industry and India needs big industry too.

The big moneybags call the shots

In both the Congress and the BJP. So, any belief that any one is any different is all wrong. They are more or less of the same agenda.

Shallow thinking

Both have the same limitation in the thinking – set by the external agenda and vocabulary. The difference is language. Congress swears by India (a Roman name of Bharat) and BJP swears by Hindustan and Hindutva (a Levantine name for Bharat). Both miss out on the Bharati nature of people.

No talk of Third currency

Neither (the Congress or the BJP) has the imagination or the strategic depth to think out of the Western box. They are all trying out the same tired Western cliches of IMF and World Bank reform – which is going nowhere. It is the IMF and World Bank which keep the Third World poor and backward.


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