Falling Rupee value, Increase in petrol price, Poor public transport, and Inflation: The big Indian mess, and the petrol monster strikes big
Hard times are upon us. The progressive Indian mindset looks at purchases as accomplishments, but never presses hard enough for better quality of life. The solution, everyone works hard toward buying a car, of course, most are funded by affordable car loans. The sad truth is no one will try and press hard enough to demand better and timely public transport. In fact, it’s almost negligible. Everyone will drive to work, irrespective of how long the drive is, and how errant other drivers are.
Carpool concepts are moving towards being non-existant, and almost no one gets on the bus any longer. Also, no one cycles to works, but that’s another matter. Despite this progressive attitude, the Indian rupee hasn’t really done to well, but that can be blamed on difference of aspiration between what we want, and what the government wants. There’s a lot of money, but a lot of times sacks of cash disappear without a trace, and people are happy forwarding emails that list so called foreign bank accounts of political leaders. Whether, there is any truth to that isn’t as important as, what we should really be doing.
The Indian Rupee (INR) weakly stands at an exchange rate of Rs 56 as against the dollar. Retribution has been seeking an outlet for long. If India hasn’t fallen into great economic distress and depression in the recent past, it’s because there’s one industry that’s been pumping enough money into the market. The great big growing Indian auto industry. The increased number of cars sold directly pumps money back into the economy, and keeps the cycle going. Along the way, of course, not too many are bothered that not all of the country has opted for BSIV compliant vehicles, and air pollution woes don’t even seem a deterrent. In fact, we reckon, no one is scared of breathing in dirty air. However, the rupee keeps weakening and our global valuation doesn’t speak too well about India.
So, as people are being wooed by award winning car adverts, subsidies, sales, discounts, diesel subsidies, et al, car buying continues to be boosted. And, while in the initial years, we thought diesel was a public transport fuel, and heavy vehicle domain, a lot of that has changed over the years. In fact, Indai is celebrating diesel.
The very steep Rs. 7.54 per litre petrol hike from midnight throws forward a few very difficult questions. Is India being forced to channelize as a country that drinks diesel, and runs on it? And, what happens now, if you have a petrol car. Well, there’s really going to be no breakthrough solution, and just as all else, in about three month’s time, the petrol price hike issue will have been forgotten. Anger around us mostly lifts its ugly head in road rage incidents. The real problems are more or less accepted, and allowed to pass.
Trying to pump in money in the economy at this point is essential, so we don’t spiral downward, but how far can India sustain this growth. And while cars keep selling, will no one look into better public transport, alternatives, cleaner fuels, and that endless list of problems that plagues the Indian auto industry.