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Dear Readers
Birthday of Lord Ganesha was celebrated on 31st August. It is the most popular festival. Lord
Ganesha is worshiped first even before his parents Lord Shiva and Mother Uma. He is the
embodiment of success, wisdom, fearlessness and his blessings are essential to start an enterprise. He
is the expeller of all calamities, troubles and obstacles. One wonders why He is worshiped first even
before his parents Lord Shiva and Mother Uma, Lord Vishnu and Mother Lakshmi who have
manifested this Universe. Once there was dispute amongst Gods and demi – Gods and Goddesses as
to who would be the superior of them all. It was decided that whosoever will come first to Lord Shiva
after having a round of the Universe would be the superior of all. Ganesha was weeping as he was
very obese and his chariot was a Rat. Mother Uma told him to have a round around her and father
Lord Shiva – the entire Universe is in the parents. As Ganesha was very obedient and respectful to his
parents; he immediately gave a round and sat near his parent’s feet. On returning of Gods and demi –
Gods and Goddesses, Lord Shiva and Mother Uma declared Ganesha as the superior.
Obediently Ganesha married Riddhi and Siddhi as recommended by parents Lord Shiva and Mother
Uma. Riddhi expands the business and Siddhi makes it success. By blessings of his parents, he got
two sons Shubh and Labh. (Shubh – Righteous; Labh – Benefit). Both gave good and righteous
benefit in business.
Economy: On 15th August 2022, Bharat celebrated the completion of 75 years of independence.
From a situation of abject poverty when our country became independent, India has risen to become
the world’s sixth largest economy and is currently the fastest growing major economy. With the
European region heading for a likely recession, India will soon overtake UK and become the fifth
largest economy. However, it is yet to gain ‘developed country’ status. According to NITI Aayog,
25% of India’s population in India fall in the ‘poor’ category. Millions do not get nutritious food.
Millions remain hungry and do not have two square meals. Millions are educated, yet unemployed.
Agriculture: It has successfully been having green revolution despite geographical factors. Every
year part of India has drought and some parts have flood. Nation has not been able to solve this great
catastrophe. Around 55% of the populations are below the poverty line. Despite India is the world’s
largest producer of milk, pulses and jute and the second largest producer of rice, wheat, sugarcane,
groundnut, vegetable, fruit and cotton. India has become a big exporter of agricultural commodities.
In 2021-22, India has exported USD 50 billion worth of agricultural products. Consistent policies are
required for exports to flourish. Allowing exports at times and then banning exports altogether to meet
domestic demand results in losing overseas customers. Most of the time India has bulging stocks even
without proper storage capacity beyond the buffer stock requirement to meet any unprecedented
calamity. Due to ad-hoc changes in the policies, small farmers suffer a lot. Small and marginal
farmers are under heavy debts also.
Sometimes the ban on food grain exports result in colossal wastage, when the bulging stock of grains
rot in ill-equipped storehouses and granaries and get eaten by rodents and birds. Ban on export of atta
and flour will also affect employment and loss of customers.
An agricultural crisis can inflict severe damage to the growth of the economy. Although about 55% of
India’s population is dependent on agriculture, this sector’s share in India’s GDP is only about 20%.

Therefore, large number of farmers and their children move to the cityin search of work with higher
income.
Debt: As on 31st January ‘22, USA’s national debt exceeds USD 30 trillion for the first time. Debt
has increased due to the aid programme during Covid – 19.
Globally inflation is a matter of grave concern due to increase in the prices of oil and gas after the
Ukraine-Russia war which shows no sign of ending. Reserve Bank of India has been increasing the
repo rate. It has resulted in increase in cost of borrowing thus pushing up cost of production. Farmers
are also affected. Prices have increased. Increase in the repo rate does not help to curb the inflation.