Saturday, May 13, 2017

Lay off 56,000 employees from IT companies

This is globalisation effect. 
I always write and say globalisation is not a pancea of degrowth.
We can see IT companies , announcement about  lay off 56,000  employees due to Trump effect.
We can see this bad effect however Modieconomics Model is going towards globalisation model.
This economic model is not good as what prevail in European and American economy.
Why not Modieconomics Model adopt domesticglo economic model. Actually this is model invented by me.
This model referred to strengthen all SME, PSU,Indian companies and manufacturing unit through global companies. Outsider companies will assist to that companies but they will not make base in India. Yes they will take their share from profit.
This model doesn't allow disinvestment or divestment in PSU. All autonomy of PSU or Indian companies remain same but modus operandi will have to change. Performance is main parameter. If they doesn't perform it will merge to another PSU which are doing well or any outsider companies will assist to that companies.  Their will be certain measures to take further action for strengthen of unit or companies.

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