I am a taxpayer. I pay taxes assuming they would be employed to improve the overall infrastructure of the country. But to my dismay, I see the condition of my nation worsening day by day. There are a few eye-catching architectural feats which the Government does boast with extreme vigor but why don’t I see the conditions around my surroundings improve.
I live in Bangalore which is highly regarded as the IT hub of the country. The local government collects considerable amount of taxes but the situation on the ground is worsening. I spend approximately 90 minutes in commuting to my workplace. Ideally it should take a mere 30 minutes. This way I lose an hour of productivity on daily basis. It’s not difficult to calculate the national loss in man-hours if you consider this across all the major Indian cities. At the same time commuting in such coarse traffic is too sapping. You really need to maintain your patience to bear it on a daily basis.
The world is highly competitive place and these issues, howsoever trivial we may consider them, work against our competitive edge. I still believe that India’s major competitive edge is it’s the cost-arbitrage that big multinationals gain by establishing their shops here. I don’t believe in the tremendous talent pool that we Indians often boast off. This will become manifest if you just look at the quality of education in our colleges. Also with the growing salaries of the Indian professional, the cost-arbitrage seems to be diminishing with every passing day.
The Indian markets are attracting lots of foreign & domestic players with an alluring and expanding middle-income group. But I have my own apprehensions regarding the growing incomes of the Indian Professional. Trees never grow to the skies and so will our salaries. If we ever surpass the Global salary standards then we need to surpass the quality of our contribution too at the global level. That again comes back to the quality of our skills as a nation & the fundamentals we put into making that happen. Rising real-estate prices may augur a home-grown subprime crisis of our own. I really get horrified of the day these prices may fall steeply. The day the price of the loans on our houses becomes greater than the house itself, I doubt the readiness of the person to honor his mortgages.
Some people put forth an argument that we are a young (58 years old) democratic nation and these issues shall remain with us. I challenge the notion of our youth by comparing us with countries like Israel, Japan, China and Singapore. We as a nation need to arise & take up the challenge. Let’s ask our Government to provide their annual Balance Sheets. Let there be transparency and accountability in the annual outlays of the Government expenditures. Let me know as a citizen the granular distribution of my taxes to these initiatives.
I just want to take pride in making building my nation. So I seek some answers.
Am I asking too much?
