Economy woes due to failing consumer participation

I feel slowing economy is due to "Slow Movement" of consumers against poor consumer protection that India has offered over years to facilitate "wealth creators" create wealth .....

this is an answer from Consumer without speaking a word for policies followed by successive governments .... BJP is no different than congress !!!!

Lets take example of Real Estate Sector ... almost everyone who is reading this post is cheated by builders when they purchased home .... so "New Cuffe Parade" case (viral videos everyone has seen) in Mumbai is not an isolated case, in Delhi and NCR, everyone has invested but flats are not delivered for years after years .... and what did governments do? There is absolutely no forum in India to solve grievances after investing crores of rupees ....

So called "Consumer Courts" are toothless "Paper Tigers" average time for case resolution there is 8/10 years --- which no consumer wants to spend ....

On the other hand, (taking example of Maharashtra) Devendra Fadnavis govt (I do not know other states what is case) is always ready with with more and more benefits for builders like increased FSI, benefits on parking and what not !!!!

Every 2nd year illegal constructions are legalized --- for what??? and then there is no one punished -- neither people who knowingly buy, those who build and those who allow to build .....

I really wish that there should be couple of quarter when flat sale registration in Mumbai like city should come down to 2 or 3 digits .... particularly all builders should start sitting on road begging !!!!

how & why do Narendra Modi and Finance minister of India expect that consumer confidence will stay boosted?

And not only Bharatiya Janata Party (BJP) but even Indian National Congress is no different ...

all are responsible for reckless benefits to "Wealth Creators" at cost of consumers !!! Slowing consumer deamand is here to stay .... I guess so !!!! more  

View all 24 comments Below 24 comments
This subject is actual and the complaints genuine.
Redressal must be provided.
However, mal-functioning of several decades cannot be corrected in a short time.
No one holds a "magic wand"; the "time-factor" must be factored into the equation. more  
It is very clear that economy sees ups and downs at regular intervals. In our country, population growth is a big problem. If you see some prospects in a particular business then large number of people go after it. There is a limit to resources available and when numbers are more than what it can sustain there will be unemployment and other ills. But we are not paying any attentions to this burning problem. more  
Economy travels on waves of financial position both on hand and in pocket. more  
Ups and downs are common in any activity and so is the case with economy growth which lies numerous factors external and internal. Though we can have control over internal factors to a grat extent but it is beyond our hand with respect to external ones. As a coin has two sides, consumer spending will come up in next couple of months as we have more than normal monsoon. New government has initiated required impetus and it will take some more time to see the results. So we need to wait and watch. more  
Now in the present circumstance buying a property is not a Good proposition.Instead people should rent the accommodation which works out to be much cheaper.As for 2 Cr Property you get hardly 30 to 40 Thosand as rent where as interest alone for this property will be 1.60 lakhs. more  
Post a Comment

Related Posts

    • Improving integrity of Online Reviews: Inputs on Solutions

      Below are some if the key issues outlined by you all with regards to Online Product Reviews on eCommerce sites. Kindly review them and share solutions that will help enable consumer access to unbia...

      By Dept. of Consumer Affairs (Government of India)
    • Inflated MRP: Inputs on Issues

      Below are some of the key issues outlined by some of the members in regards to inflated MRPs. This pertains to certain category of products where the average sales prices is much lower than the MRP...

      By Dept. of Consumer Affairs (Government of India)
    • Misleading Advertisements by eCommerce sites: Inputs on Issues

      Below are some of the key issues raised by you in regards to misleading advertisements by ecommerce sites. Kindly review the same and share any additional inputs you may have. We look forward to yo...

      By Dept. of Consumer Affairs (Government of India)
    • Improving functioning of eCommerce Cashback Programs

      Below are some of the key solutions proposed by you to issues regarding eCommerce cashback programs. Kindly review the same and if you have any additional solutions, please share. We look...

      By Dept. of Consumer Affairs (Government of India)
    • Online or ePharmacies - Inputs on Solutions

      Below are some of the key issues being reported on online or e-pharmacies and apps. With this post, we would like to seek your specific inputs on solutions that will help address these issues .

      By Dept. of Consumer Affairs (Government of India)
    • Cheated by LG

      I purchased LG water purifier in the month of November last year. Since then I noticed that my family members including me have some health issues so after around 6 months I called LG professionals...

      By Pankaj Kumar
    • IFB - Poor After Sales Service

      I have an IFB washing machine. I had paid for and taken extended warranty. Since last over one week it is not working. I made a complaint. For two days, no one attended the complaint. On ...

      By Praveen Kapur
    • Apple phones are best leased for 2 years

      I must say cost of owning an apple phone is 3000 rupees a month or 100 rupees a day. The product is a fine product when its new and after 2 years they generally become pieces of junk.

      By Amit Mishra
    • Solutions to improve workings of Online Travel Sites

      Below are some of the key issues outlined by you in regards to travel web sites in India. Kindly review them and share specific solutions that must be implemented to fix these issues. We look forw...

      By Dept. of Consumer Affairs (Government of India)
    • Issues with DTH Service providers: Inputs Sought

      We have seen a large number of posts and comments on issues faced by people with DTH service providers. With this post, we would like to seek your inputs on the various issues you have ...

      By Dept. of Consumer Affairs (Government of India)
    • eCommerce Guidelines: Inputs Sought

      Thousands of posts and comments have been received on ecommerce in our circles in the past few months. We are pleased to share with you that basis the inputs given to us in several posts and discu...

      By Dept. Of Consumer Affairs (Government of India)
Share To
Enter your email & mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

Please select a Circle that you want people to invite to.
Invite to
(Maximum 500 email ids allowed.)