Today's Bharath Bandh costed India about 3 Billion USD. This is purely financial cost. I am not sure how FICCI arrived at this number, but, one can be sure that the number is in this range. Just divide India's expected GDP (about a Trillion USD) by the number of working days in a year. Chances are that given India umpteen number of local holidays, the daily GDP number might be bigger than what's quoted. Of course, the economic cost of a Bandh is far higher and difficult to measure.
Anyway, the Bandh has not given anything useful to the Common Man. Isn't it the Common Man for whom this Bandh was called? Sure. Then why did the opposition parties make life tough for the Common Man who just wanted to go to the hospital or tried get to the bank to get some work done on a lean day? More than 70 buses burnt, hundreds of flights canceled, hundreds of thousands of passengers stranded, expressways blocked, innumerable vehicles and even police tow-vans pelted and punctured. Whom has this helped? Some famous politicians got locked up. If there were a job fair, such antics would get these people extra stars on their resumes. They, after all, went to jail for the common man, didn't they? They can boast about it at the next election rally.
If rising prices (deregulation and all) of gas, fuel and consequently all commodities is what the perpetrators of Bandh care about, why don't these parties spend some time thinking how can they bring these prices down. e.g. in their own ruling states, can the opposition parties that called for this Bandh, not reduce state-level taxes and help the Common Man? Surely, there are no easy answers to this. But Bandh is also not an answer.
Did the Bandh help all those auto rickshaw and taxi drivers who lost a day's income? I personally know taxi drivers who work 18 hours a day so that they can own-out their cars faster (private branded service taxis with innovative liens/lease contracts). Auto drivers and the independent taxi fellows make less than 300-400 bucks a day after toiling for 12-14 hours. Did the Bandh help these people get more bread on their table?
A couple of night ago, I was at a take-away joint waiting for my order to be ready. It was pouring, with six inches of rainwater flowing on our street. I chatted up the paan-wallah outside the joint. He told me that his paan business is at the worst this time of the year. When it pours, no man comes out.; who will buy paan? He does not endorse this Bandh. (Who will buy paan or cigarettes if there is a Bandh? His paan rots.)
Our Bai's family runs a limited-variety vegetable shop. Her economics is changing. She was telling us that the current turn of events makes it easier on the pocket to eat chicken and mutton more often than vegetables. Nowadays, staple greens cost more than 80 bucks a kilo. Meat, therefore is relatively cheaper. But she fears that their shop's current stock would get spoiled in all the rain and humidity. They cannot risk buying more to stock up for Monday when there would be no supply in the day. Space in Mumbai... do I need to mention the premium it demands? She does not endorse this Bandh.
Point is that the Common Man is hassled by the price rise. Agreed. But he is coping. Political parties have arm twisted their constituents into following the formers' anti-establishment propaganda. Forcing a Bandh will make life tougher for the Common Man. What choice does a street vendor have when the CEO of a large media firm receives threats to ensure that his office building remains shut for Bharath Bandh? Surely, the vendors will keep their shops shut. This is misconstrued by the perpetrators as support for Bandh.
Coming to the main issue; Deregulation of fuel is exactly what we need now. We have been far too much pampered by the subsidised petrol and, especially, diesel. The opponent parties had, about nine years ago, proposed the deregulation of fuel that they are against today. About 35 years ago, through the leanest periods of Indian economy, fuel was completely deregulated. Why then, when we are doing well as an economy, are we fretting fuel deregulation? Keeping the diesel prices low for locomotives, trucks and rest of the transportation industry that uses it is one thing. Buying a second and a third car, diesel one, just because this fuel is available cheaper, has gone way too far. One of the immediate effects of the impending diesel price deregulation will be that people will start thinking about efficiency of their vehicles and their other modes of fuel consumption. The rest will follow.
During the recent wars and the more recent financial meltdown, even the world's biggest fuel guzzlers, the Americans, were brought down to their knees (free fuel pricing regime), trading in gas-guzzlers for fuel efficient cars, older cars for newer cars (Cash for clunkers) etc. Indians are a far more discerning lot(fingers crossed on whether it'll stay that way).
We will find a jugaad for the fuel price and other price hikes. But, bandh is bad.
