Should India Reduce the Interest Rates in line with other Countries?

Tuesday, April 26, 16

Should India Reduce the Interest Rates in line with other Countries?

Greetings from Hitesh! Thanks a ton for being regular reader and sending me your feed back / comments on our blogs. Today’s newspapers carries the NEWS that GOVT is proposing to reduce the EPFO rates for 2016 and two ministries are against each other for this decision. It seems some protest may take place.

Let us see what experts have to say?

They have a unanimous view that we should also reduce the rates in line with other countries. They have various logics to support their suggestions.

1.    If interest costs are higher – our production cost will remain high and we can’t compete in the world market.

2.    If Interest rates are higher – people will just invest in DEBT and do not indulge in business activities at MICRO levels and this will affect the growth at the MACRO levels in the long run.

3.    Inflation will remain up.

You can add at least 50 such logical reasons in support of interest rate reduction arguments.

What is the VIEW of PROTESTING SIDE?

They say – about 40 million employees will have lesser income due to that and they will find it difficult to maintain their DAY-TO-DAY expenses due to reduction. (Now no reduction will lead to higher inflation and more cost – but they are not ready to understand!)

What is MY VIEW?

I always talk about “YOU” / YOUR BENEFITS and YOUR GROWTH. I am not interested in MACRO issues. Mr.RAJAN is there to worry for such issues. More over, if I give my views – it is not going to make any difference in the MARCO situations. But what I am going to say NOW can make 360 Degree difference in your life. Just read.

I have always preferred TRUTH rather than beautiful LOGIC.

What is THE TRUTH?

We have to reduce the interest RATES because we have not developed some USP in last 70 years of independence. Our USP is producing more and more CHILDREN and our prime minister is shamelessly boasting about it as – DEMOGRAPHY rather than accepting that it is as a GRAVE MISTAKE.

This USP has come NATURALLY as our people have nothing more entertaining than having SEX.

Since we have no apparent USP – we have no SAY in WORLD economic decisions. Look at our FAILURE against CHINA in recent week and yesterday in a petty matter of declaring a TERRORIST!!

So, looking at this GROUND realities – if experts are also advocating lower rates of interests – I think they are right.

What about you?

As told above – I am concerned with “YOU”!!  Are you doing your JOB / BUSINESS – because you HAVE TO DO it? You don’t like your BOSS / your office ATMOSPHERE / your SALARY / your WORK / your Country – but you have not developed any USP except your DEGREE certificate (which everybody is having).

In my hometown in a co-operative bank – the management sent all the staff above 45 back to home and employed a fresher’s with 1/4^th salary of the outgoing staff. Now, the out going STAFF has never thought that this can happen to them. In there TAKE it FOR GRANTED attitude – they did not develop any USP and now they are in a SOUP.

Now, you can (they can) complain about system / management and things like that – but complaining or protesting is not going to solve your current and future issues.

Remember you may or may not be able to change the SYSTEM but you can always change yourself!! Till you change yourself – you will not be able to change the system also!!

What to Do?

Now, you can’t go back to ZERO AGE and start a FRESH. If at all you start a FRESH – I am not sure you will take some SMART decision this time. Look at your KIDS. In spite of your knowledge about your SYTEM – you are making them do what you have done!! The only difference is your parents paid Rs.7 as monthly fees and your are paying Rs.7000 per month or may be more in the name of better education!! But they are learning the same!!

I have a better option for you. You still have a time before apocalypse hit you. Just LEARN the fine art of INVESTMETNS. Armed with INVESTMENT SKILLS – you will become an ALCHEMIST and you will be able to convert even SAND into GOLD!!

You will always be ready to face the unpleasant situations with PREPAREDNESS & CONFIDENCE.

Over the last 25 years – I have helped many guys to achieve their own DESTINY through investments. In the process, I have achieved my own USP. My mentor ZIG ZIGLAR taught me way back in 1996 – “If you help enough people in getting what they want, you will get what you want in the process”. I have been consistently doing the same in helping willing people to get what they want. That is MY USP.

If you like to live your LIFE at your OWN TERMS – you need to have support of SOME USP. You have a time. I suggest just be with me for 3 years, learn fine art of investments and you will bless me for life.

I am about to release my 2017-2019 calls. Just take advantage of the same FREE of COST by taking our YEARLY membership. If you wish you can buy also. If you know what will happen in January 2017 – ahead of 6 months – just think how much difference you can make in your life?

Have a HAPPY TUESDAY.

Follow me on Twitter @hiteshmparikh /  WhatsApp - +91-9869425399 / www.hiteshmparikh.com

Live With Passion…Invest With Passion.

Hitesh Parikh.

www.hiteshmparikh.com