Financial Freedom

As we are on the verge of celebrating Independence Day, let me share with you a very interesting piece I read recently on "Why India is Shining".

Within a couple of days we will be celebrating Janmashthami. Next month we would celebrate Ganesh Chaturthi and Bakrid, followed by Dussehra, then Diwali, Christmas, New Year, Pongal, Sankranti, Holi, Baisakhi, Eid etc.

On every occasion, we spend our money. This money brings income to someone else and he spends and it creates an income for someone else. Thus the cycle carries on and on.

Basically we are a consumption oriented economy and the consumption is increasing day by day.

Thus spending  puts money into circulation  in the country.

Compared to this, major other countries derive income from export or manufacturing. Hence their economy and income depends on how much they export.This is why central banks around the world are reducing their interest rates so that their citizens borrow at low cost and spend.

When money is spent, the country's revenue increases, people get more power to earn and spend.

Hence, this very flair of being a consumption driven economy will make India a developed economy in the next few decades.

All it needs for you to gallop along, with India's Economic Development, is to make sure you make a proper and dynamic Planning of your Personal Financial Goals.

India is Shining! With Financial Planning, so will you!