|
PARITATVA
Paritatva is the weekly article
segment published through which the students of PUMBA
express their views on various current issues and publish them
in form of articles. True to the meaning of the word every
article has an essence and value in itself which contributes
knowledge and pleasure for those who love to read. With the
dawning of every Monday of the week Paritatva from PUMBA brings
a new essence…………
SABSE BADA
RUPAIYA
The
Journey from Rs to 
Around the 2nd
week of July 2010, all Indians ranging from those residing in
India to NRI, PIO or to people born to sons and daughters of
some distant Indian origin person were thrilled, when the news
broke out that the RBI (on Govt. of India’s behalf) was or for
that matter had decided to adopt a new stunning symbol for our
currency.
When IIT-B
industrial design centre student Udaya Kumar presented this
winning new symbol for Indian rupee to the Govt.; he probably
did not know that he was about to create history on something
special here. A brilliant combination of Sanskrit RA and the
roman R sans the stem, is already drawing reaction from Indians
who understand the confluence between money and symbolism
Now, let’s look back
into history, how this transition happened for the last 44 yrs,
we were marred by external setbacks on one front to internal
instability on the other. This roller coaster ride could not
cushion us, and India as a country could not find a spot on
world highest table.
This situation
changes only after we were about to go bankrupt in 1991, then
there was no looking back. For the last 19 yrs. With average
growth rate (GDP rate) of 6%, we are slowly but steadily taking
our right place in global equation. Now we are been looked upon
as a powerful emerging economy, rather than a country of snake
charmers. The perfect change came when India is now laud in
context of China, rather than pitting it with a shameless and
failed state like Pakistan. Thus this is a meteoric rise for any
IMF and was about to be a defaulter on the loans, but now is
among the top 10 leaders to IMF.
The change is more
evident, due to the shift in global economic drivers from west
to east, which was predominantly evident during the recent
recession. The Govt. should pat its back; to keep the economy in
shape and achieve high growth. The proclamation of symbol is a
shrewd but also a bold decision on part of the Govt. to sense
the arrival of India on the global map. In the words of Harsh
Goenka, when India is a toast of the world, the new symbol makes
the message louder and resonating. Whatever may be the
implications, now I and also the Indians out there can use this
catchy and trendy symbol instead of the dull ‘Rs’ to quote our
amount.
Thanks Udaya for
this revolutionary change.
Neeraj Jadhav
Systems Cell
MBA - BT
|
