The economic and demographic effects of corruption.
Cost of land in our urban areas is far higher than what our GDP per capita would dictate. The ratio of land value to per capita GDP is probably higher in India than anywhere else. As an example, land prices in Chennai or Bengaluru rival that of cities like New York which has a vastly higher per capita GDP.
The key reason?
First, vast sums of political corruption money is parked in real estate. This raises real estate prices and high real estate prices affect everything downstream.
Second, corruption in building approvals and the like - the famous DTCP - raises construction costs, on top of already higher real estate costs.
Third, corruption in private school regulatory compliance enforcement raises school fees.
Fourth, corruption in private hospital regulatory compliance enforcement raises health care costs.
Fifth, household goods need sales outlets and those pay higher rents due to high real estate prices and construction costs.
So housing, education, healthcare and household goods - all of these now cost higher.
As a direct consequence, the economic burden on the average person gets worse. Young people, facing all these costs, postpone marriage, and postpone children or have fewer children.
That directly affects our demographics.
While this issue exists in many parts of India, Tamil Nadu, being the most urbanized of the bigger states, is particularly hit hard.
So corruption is becoming an existential threat to our society.
If you worry about the super-low birth rate in Tamil Nadu, way below replacement, understand that corruption raising our cost of living is one of the major causes, not the only cause, but a big one in our context.
Chief Minister Tamilnadu looks pathetic in all the recent pictures. Turning out to be a weak and vulnerable leader. At this rate, Govt may not last even six months.
RAHUL GANDHI : "Prime Minister...."
OM BIRLA : NOOOOO ๐
RAHUL GANDHI : "Prime Minister...."
OM BIRLA : NOOOOO ๐
RAHUL GANDHI : Do one thing, you write my speech and i will read ๐
What a brilliant set up by #RahulGandhi, this is viral with 25 million views on Instagram ๐ฅ
The Zerodha scam !
They don't allow me to withdraw my own money from their account ,saying the daily limit for withdrawal is Rs 5 crores . They use my money for free !
@zerodha
This is unfair @nikhilkamathcio
On the auspicious occasion of Diwali, I extend my heartfelt greetings to our Hindu community in Pakistan and around the world.
As homes and hearts are illuminated with the light of Diwali, may this festival dispel darkness, foster harmony, and guide us all toward a future of peace, compassion, and shared prosperity.
The spirit of Diwali that embodies light over darkness, good over evil, and hope over despair inspires our collective resolve to overcome the challenges confronting our societies, from intolerance to inequality.
Let us work together to ensure that every citizen, regardless of faith or background, can live in peace and contribute to progress.
Happy Diwali ๐ช
These are the only paneer brands that have passed the lab tests.
Paneer sold by local dairies and street food vendors is a slow poison.
FSSAI is compromised and deeply corruption organisation.
@HPhobiaWatch Wah wah what a logic... So where is Russian oil discount, USD to INR conversion and international crude oil prices.. very conveniently ignored these things and chose inflation..
What India Gains :
1. Took revenge of Pahalgam by hitting 24 terror targets deep inside Pakistan.
2. Destroyed their 7 Air bases
3. Status Quo on the Indus water treaty will continue, with India sharing NO data and will continue construct New dams on the Rivers.
4. The USA has accepted India's new War doctrine - Any act of terror by a non-state actor will be viewed as an act of war by India and will attract full retaliation.