I have some interesting similarities to share about how President Trump got elected in US bringing about a Political Revolution against the career politicians in the US and what I am expecting to happen in India in 2019 elections. The rise of Trump was one of the most spectacular events that has happened in the history of modern democracy. It has shaken the establishment and brought about a revolution in American democracy.
The rise of President Obama was considered as a revolution. The rise of Obama was obvious after a disastrous failure of Bush Jr. as President. He converted billions of surplus into trillions of deficit. Hence, Obama became president with a landslide victory. However, the policies adopted by Obama resulted in increased national debt, larger government intervention into the economy, largest income inequality due to Quantitative Easing (QE) policies of the Fed. Hence, Although Obama got elected with a promise to do something for ordinary Americans, his economic leadership was extremely poor. With the US national debt at its astronomical levels and government spending under Obama resulting in creation of 1 job ( paying a median wage of $50,000 ) in the economy by means of spending $1 million, it resulted in a massive transfer of wealth from the government into the pockets of wealthy. All of these resulted into the election of Donald Trump as US President. When the world did not believe that Trump would win 2016 elections, I was amongst a few who did support President elect Trump.
Now, Coming back to India, just like Barack Obama, the victory of Narendra Modi as Prime minister of India was considered to be some kind of revolution. He won with a landslide majority as his opponent was Bush Jr. of India (Rahul Gandhi). However, The policies that were adopted by Modi government have been disastrous. The removal of Raghuram Rajan as RBI governor, the lack of arrival of Foreign Direct Investment (FDI) due to lack of knowledge of macroeconomics in MAKE IN INDIA due to a global macroeconomic slowdown, a disastrous failure of demonetization drive which resulted in drop in economic growth along with a loss of lives of a few citizens, failure of over 800 start-ups across the country, Disastrous board of advisory economists (The Supply-side economists) in NITI Aayaog ( I personally think that NITI = National Institute of Transforming India into Crony Capitalism ) and now with the upcoming disaster of GST bill will ensure that the collapse of Indian economy is not a distant thing but India is heading for a political revolution like to US in 2019.
If you want to know more details about the upcoming disaster of GST, do spend some time watching the video below. However, It is of no use, Modi government has turned down every good decision maker that can exist in government. So, I am sure that despite warnings of Mr. Aravind Datar about GST’s disaster, Modi government will claim another victory by duping the masses about successfully passing the disastrous GST bill.
However, Learning from what has happened in the US, here is what I believe is going to happen in India, Indian economy is headed for a total disaster due to failure of every policy of Modi government due to lack of understanding of common sense macroeconomics of supply and demand in the government. So, will India see rise of its Trump? Well, If you ask me….I believe that India is headed for a total revolution in 2019 elections and Narendra Modi stands to be defeated with a landslide due to his disastrous performance so far. Just look at the graphs below if you want to compare the performance of Modi with his predecessors. Under Modi’s leadership, India also became the most corrupt country in Asia beating Pakistan and North Korea for the first time. Well, Congratulations Narendra Modi…there is atleast one place where you made India #1…in Corruption!!! Kudos ….
So, The rise of Trump is inevitable in such a great country. Who will be India’s Trump? Will he belong to any political party? Will be a billionaire like Trump? Well, I believe that in a country like India, education is considered to be a greater asset than money and hence, I expect someone who is well educated and one who is outsider and does not belong to any political party to rise as India’s Trump. Here, I make a BOLD forecast as I have been following Justice Markandeya Katju and listening his views about what India needs. He is 100% accurate of a TOTAL REVOLUTION is needed for India. Hence, If Justice Katju stands for running as PM in 2019, My Vote is certainly for him as I can foresee that he is the Trump of India. Just watch the video below about what Justice Katju has to say about Narendra Modi.
Well, I am certainly going to send an invitation to Justice Katju when I plan to lauch my upcoming book in Mumbai in 2018. I hope I am able to convince him that MASS CAPITALISM is that economic system which leads to rise in standard of living for all in the society and keeps a check on career politicians and crony capitalists. Well, Do read my other blogs where I have extensively forecasted a failure of Modi government policies and I can see all my forecasts coming true. But, I do not see the government change its course. So, India is certainly headed for a REVOLUTION in 2019. Also, 2019 will be the first time that I will be ever voting for Parliamentary elections in India and I hope that Katju stands for the election and he has my VOTE !!!
About the author
Apek Mulay is a Business and Technology Consultant at Mulay’s Consultancy Services. He has authored a trilogy in three consecutive years viz. Mass Capitalism: A Blueprint for Economic Revival (2014), Sustaining Moore’s Law: Uncertainty Leading to a Certainty of IoT Revolution (2015) and How the Information Revolution remade Business, and the Economy: A Roadmap for Progress of the Semiconductor Industry with More than Moore and Beyond Moore (2016). His monograph on technology is entitled Improving Reliability of Tungsten Plug Via on an Integrated Circuitry: Process Flow in BiCMOS and CMOS technology with Failure Analysis, Design of Experiments, Statistical Analysis & Wafer Maps (2016). Mulay is author of patent Surface Imaging with Materials Identified by Colors. USCIS honored him with US permanent residency under the category of foreign nationals with extraordinary abilities in science and technologies. He engineer, economist, author, blogger and social entrepreneur in an e-commerce business http://Calcuttahandicraft.in .www.ApekMulay.com