During past 18 months and more we are made to believe the strength of the government is in its resolve to pursue the popular programs so listed by new dawn of digital era who wish to take the world economy upfront. It was said, India is now getting prepared to take the economy by its horn, the projections even after months have been bullish by the agencies. Even though the market did not respond so well to the call for investment it tanked to lowest level post diwali, The investors in the infrastructure is hard to come by, given the budgetary provisions which might foresee the light within next week should give boost to investment climate. The basics are right for India, but the digital divide which shortened due to penetration of mobile telephony made to believe the real strength of Indian people and enterprise is yet to come.
The strong linkages established in the government programmes like Smart City, Digital India and Make in India makes us believe the government is serious, but not so good feeling when we look at the penetration of the program. The participation of the state government is low, and corporate are shying away from making the commitments. The revival of the Smart city program with more cities are likely to join is hard when cities do not commit easily to the pending reforms. The infrastructure and investment plans where all in place in so called 'Smart cities' when during the earlier phases of JNNURM the City Development Plans were prepared. There is ample scope for reforms but the state's not ruled by the party in power at the center finds it hard to accept, mostly due to political polarization in development agenda.
The people are now made to believe in virtual environments, the sales pitch of the e-comm. sites coupled with delivery prangs shows the purchasing power of the Indian consumers. But with lack of growth in real estate sector, and slowing of demands in key sectors, there is hard learning for the manufacturers to stay back in competition. The India's share of global trade might have marginally improved with little scope for economic revival very soon when trade from India can become competitive. The global rich and poor divide during the current economic slow down and poor revival does not through enough to give boost to India's Make in India programe. The skills required to stay competitive demands for the global change in the manner we produce the things, the labour intensive industries shows slow progress, with machine based productions gains competitive edge. The industrial and manufacturing base needs an improvement in the country side and rural India to raise the demands of the consumable goods.
The entrepreneur developments and poor funding disbursal's from the key banks does not make the change as desired by the 'Modi Sarkar'. The recent drubbing in state elections, and not being able to perform the legislative functions at the centre frustrates the ministries. The BJP ruled states even do not perform to expectation and shows the poor political upmanship to steer the economy forward. The hope for change when millions of Indians wants to join reflects in the lack of infrastructure investments in rural India, the investors looking for the space in the ever growing cities, mostly metropolitan cities.
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