Thoughts for Budget 2010 to FM, India

'Where there is change, there is Opportunity'. Lets not forget this. India is the biggest democracy in the world and second-fastest growing major economy. We should look at our competitors and then strategise how can we convert our weaknesses to our strengths. Agreed, fiscal deficit is a short-term weakness for India. However, we should not overlook what China, our neighbour, is doing to curtail the same. History has witnessed that the most successful companies were not the first one to enter the markets. They followed the ideas of the first entrants and then used the rising opportunities to strategise into a long-lasting success story for centuries. China is strong and deterministic in their stand as a nation. Lets be united and take strong and firm decisions. United States revolutionised their security after 9/11 attacks. Then why didn't India follow suit after 26/11 attacks. Agreed, we have much grave areas to worry upon. However, Mumbai being the financial capital of the country is very vulnerable to such attacks in a developing nation like India. We should be utmost cautious to protect our most important assets which will pave our way to success in future. Moreover, we should join hands with other developing nations to contribute and synergise and build into a much stronger sub-continent. We have a strong talent pool today with world-class education. We should involve the youth of the nation to decision making and make them feel important part of the success story of India. Entreprenuership should be encouraged to a large-scale which will help lower-middle class group to take more risk-free decisions and utilise their savings in a much better way. This is a very good way of giving back to society. Our government is not so strong as UK/US government in providing funds in a financial turmoil which happened last year. We can't afford to let something like that happen in India. We should be very cautious in introducing derivative instruments in our economy. Lets encourage corporates who operate in the same industry to operate in a same area. Lets vanish the concept of metropolitan cities and create a concept of 'Function' cities. This means that let all the growing cities like Pune, Chandigarh, etc have buddy cities like Mumbai, Delhi and then its the duty of the metros to ramp up the growing cities to take the next coming opportunities which will eventually help in metros distributing the load to other cities. This will help the nation to grow more fundamentally. Hope, our finance minister takes some of these thoughts and build upon these.