Donald Trump’s triumph in American presidential elections marks the *beginning of the end* of the dominance of the world by United States of America.
China will overtake US ECONOMY by size by 2030; and India by 2050. This is backed by research data from the IMF, Euromonitor and World Economic Council & various economic studies in the world. The end of dominance by USA will not come overnight because of the sheer innovation ability, free enterprise & the eco-systems built by USA over last few centuries. But then, the sun sets on every great empire eventually & new empires are born. That’s the cycle of life.
Just as HITLER, the hatred-monger, became so popular within Germany before bringing Germany down to a collapse, TRUMP the fraud, the bankrupt, the schemer, the racist, the foul mouthed MCP has triumphed. The American Dream has turned into the American Nightmare.
With the triumph of Trump, the seeds for a new world order are sown, which will make America less relevant in future.
And at the same point in time, in another continent, seeds for a great New India have been sown, by prime Minister Narendra Modi who declared a full-scale war on black money & corruption by suddenly abolishing the ₹ 500 & ₹ 1,000 currency notes and rendering them invalid with immediate effect. One can of course deposit the old money in bank within a time deadline.
This has not only dealt a deadly blow to the parallel black money economy, but will also give a tremendous boost to the legal Indian economy. It is a good attempt to create level playing field for trade & industry. Because, honest businessmen who pay all taxes like excise, VAT, Service Tax etc., found it difficult to sell at 15/25% higher costs compared to their tax evading competitors. Therefore there was an unequal playing field. This created a huge barrier for the growth of honest businesses. This will open up a world of new opportunities for honest Indians and honest Indian businesses to get organised, and SCALE UP their businesses. Hope that many of such measure to come-in will further create a level playing field.
While there may be little hardships for people initially, the humongous benefits of curbing generation of black money are too numerous for people, for businesses, for the society, and for the country.
At MasterClass™ Strategic Execution Consulting, our mission is NATION BUILDING by helping tens of thousands of companies to scale up to the next level. We have been repeatedly advising our clients that the only way to grow business substantially is to build a business on the foundations of honesty & keeping all transactions clean. We have also told them repeatedly that by paying more income tax, the size of their balance sheet will keep increasing year after year, which in turn will allow them to grow more when bigger opportunities come their way.
Come on India, go for it, your time has come back now!