India situation needs urgent action
The situation in India has become so pathetic & plagued, that my cousin, i was discussing has been unable to decide whether to buy a car for the last more then one year.
Despite he has open budget of 25 lac to 30 lacs.
He says petrol vehicles are risky because of increasing ethanol blending and uncertainty over long term engine performance & damages being reported.
Diesel vehicles face policy uncertainty and possible scrappage restrictions anytime, now 10 yrs life in Metros.
Electric vehicles are being pushed aggressively, but outside a few major cities, charging infrastructure is still nowhere near reliable.
And he is not alone.
Thousands of middle class families are stuck in the same confusion, so they keep delaying.
This is what happens when governments make policies without studying their long term impact & ground realities.
Bad one sided policies, excessive taxation, corruption, regulatory uncertainty, and forced transitions are slowly strangling consumption and growth.
People stop spending.
Industries stop investing.
Growth slows down.
Then the same people who created the mess start blaming everyone else for the consequences of their own failures. more
Despite he has open budget of 25 lac to 30 lacs.
He says petrol vehicles are risky because of increasing ethanol blending and uncertainty over long term engine performance & damages being reported.
Diesel vehicles face policy uncertainty and possible scrappage restrictions anytime, now 10 yrs life in Metros.
Electric vehicles are being pushed aggressively, but outside a few major cities, charging infrastructure is still nowhere near reliable.
And he is not alone.
Thousands of middle class families are stuck in the same confusion, so they keep delaying.
This is what happens when governments make policies without studying their long term impact & ground realities.
Bad one sided policies, excessive taxation, corruption, regulatory uncertainty, and forced transitions are slowly strangling consumption and growth.
People stop spending.
Industries stop investing.
Growth slows down.
Then the same people who created the mess start blaming everyone else for the consequences of their own failures. more
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View all 14 comments Below 14 comments
Its a fake concern there is no such uncertainty in buying the car. Your cousin is rather delaying and saving the money as he don’t like to spend in car… go for cng more
Jun 05
Keep crying sir. Do not live in a pathetic country. You are free to migrate. We will manage without you. more
Jun 05
