My Name is Vali and i am currently in NY. I am living in united states past 5 years and i have determined that this not the place for me very soon for a variety of reasons as mentioned by many people in this group. However my idea of coming up with this new topic is different.
I have plans to return to India in mids of 2019. There were a many personal parameters that i considered while making this decision. But due to recent financial situations in India, things are forcing me to rethink about my decision. Below are the few concerns that are constantly rotating on top of my mind everyday. They really bother me a lot.
Demonetization impact : The cash situation in India has taken a terrible direction after the so called “demonitisation” which is proved to be “no good”. This sparked up the downfall of GDP and many other financial parameters. I have been hearing from many friends and family back home that the current monthly expenses have increased more than 70% percent since last year. We never know or have any control until how far we have to go.
GST: The next terrible thing which came up early this year was GST which is again proved to be “no good”. With the kind of mindset that the businesses have grown up in India, people started charging additional GST on hiked categories and continuing to charge the regular costs on subsidized categories in-spite of reducing the prices. I know this is a very cheap mentality that we as Indians have grown up with but without any control this can lead to disasters.
I know it is a disastrous and unplanned govt policies that we all Indians are going through. I am worried for myself and my fellow Indians who wanted to move back to India because we never know what kind of new policies can come up anytime and ruin our lives. If i never had an opportunity to live in US than it would have been a different case but in-spite of having an option to live in US for rest of your life, do you think is it of wise to move back to India ??
I would be really be very thankful and appreciate your opinions with regards to this financial crisis in India. Anyone who has already moved and would like to share your experiences would be a lot helpful.