Tuesday, July 06, 2010

You made me lose..

‘India Inc pegs bundh loss to economy at Rs 13,000 crore’ says the headline. Correct me if I am wrong, it means that Indian economy is poorer by Rs.13000 crore as a result of the day long, nationwide bundh. Isn't it? Thats huge amount of money. This can also mean that Indian industry on a normal day makes Rs. 13,000 crore either in kind or cash which is pumped in to the system. Ceteris Paribus, India Inc in a year (without taking in to account holidays and weekends and other days lost like yesterday) should be gaining or making Rs.47,45,000 crore. And the total expenditure of the Government for the year 2010-11 is Rs.11,08,749 Crore. Who is richer? India Incorporated, which can make more than four times the total expenditure (leaving out deficit expenditure) of the Government or the Government? Something is missing. Surely, someone is joking Mr.Feynman!

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