I am very much guilty as an IT engineer in having a major hand for the recent hike in petrol price. Seriously, the industry i am working simply ruins everything! Infact, in the near future, many riots/bandhs etc., are expected. This is the one responsible for increasing our already worse hit inflation. If you see or analyze deeply, you can find out why only IT industry. For those who dont know what inflation is, i can give a brief explanation. Its just every individual's spending power. More the spending power, more the inflation. Inflation should be there but in a very controlled manner. I dont want to speak lot into that.
I have few predictions on how the future of India is going to be.
Growth is good. Growing too much is also fine. But it should be done in a controlled environment. For example, you can extract huge amounts of energy from an atom. But if its not controlled, we know wat'l happen. The growth in India is going to bring in hell a lot of ramifications. For instance, take US. They are also growing, having problems with their economy as well. But again, they have a good design at the top most level. Atleast a design far better than ours. For a country of such immense potential itself, they cannot suppress few problems happening in their economy. Then take the case of a country like India where we have leaders who are ultra illiterates and greedy fellows who for once have never thought about the needs of the public. Exceptions may be there, but on a whole they're just shit.
What i am trying to say is the growth in India is not controlled. Many think tanks have to take major and crucial decisions in the top most level which lacks heavily in our country. Because if you take a minister in the top level, he surely will be a t-kada owner or something in his early ages.
A price hike in petrol is going to affect the transportation heavily. It is going to reflect in all ways. For instance, take the food price. I have seen within one year, the place i used to have lunch have increased their rate from 25 to 33 which when you calculate in percentage is simply not acceptable. The common man is affected here. Rich gets richer and poor gets poorer. This is like a virus and the effects will be very well seen in the near future.
The problem is many IT people dont even know how they have done a damage to our economy. The impact done by us is very huge. We are the ones responsible for increasing the real estate prices. We are the ones who have made this cash flow by leaps and bounds, encouraging banks to offer more loans. The gist here is inflation goes up when there is huge cash flow. And the team lunch/dinners etc - we have simply raised the demand in food and the hotel owners are having any cost they like. In my earlier days i use to order food by seeing the cost on the right side, but these days i hardly care for it. So, the hotel can charge any money they want. And that is going to increase the food price at the end of the day. I am very disappointed to see many people in IT industry not even knowing how the food price is going to increase just because he/she is having a luxurious team lunch.
So, as an IT fellow, is it possible for me to stop this? The answer is NO!. We have swallowed the poison. The effect has already started. The only thing that we can do right now is not spend our money unnecessarily. If possible, try not going for movie in the weekend. Reduce or discourage treats for birthdays, promotions etc., If possible, try totally to abolish this team outing!
I am not going to bore you with the impact of the increased demand of this metal on the society and to this world. My strong feeling is that this particular metal is going to cause a lot of damage and the day where Jay Weidner going to tell us "I told ya" is not very far away. What we are doing is really a golden mistake. 