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Is There An X Factor Investors In Incredible India Should Worry About?
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Thursday, January 26, 2012||PERMALINK
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#lrose,
India,
Investment,
Jayalalitha,
Mamatha Banerjee,
Mayavathi,
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x factor
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India
has ushered in the New Year with a desperate invitation to all foreigners to
invest in its stock markets! Is there an X
Factor, a real show stopper, for the Incredible India show you need to
worry about?
Beset with high fiscal deficit,
withdrawal of funds by foreign Institutional Investors who lost confidence in
the India story
and political opposition to foreign direct investment in the corporate retail
sector, the government has opened
the Indian stock markets to everyone who would like to invest.
But before we rush with our hard
earned capital to jump in to the Incredible India band wagon and to invest
in Indian stocks, it will be prudent to investigate the ‘X’ factor of India ,
which adds a new and unknown dimension to the stock market at the least and can
potentially destroy India ’s
future growth at the worst!
A lot of irrational and unjustified
criticism has been hurled, at its economist Prime Minister Dr Man Mohan
Singh and his ministry, by the leaders of India ’s
own Industry as well as several observers around the world, for the current
plight of Indian economy and its less than expected growth.
But what everyone has failed to recognize
is the growing X (which stands for the female chromosome) factor of India, the
unpredictability, irrationality and vagaries of hormones of its elected female
leaders, the Chief Minister trio of Mamta, Mayavati and Jayalalitha, who are meddling
with the growth agenda of the central government in power in New Delhi and
hampering its capabilities to deliver free market and economic progress.
Three of India ’s
biggest states comprising
of 30% of its population are ruled by these women of monumental egos and
idiosyncrasies which spell disaster, with substantial representation in the
Indian parliament. These females who act like Victorian queens and catapulted
in to positions of power by massive mandates of negative votes, defy all logic
when it comes to their approach to free market and the growth of economy of the
whole nation.
Hardly evincing any of grasp of
the economic realities and effects of globalisation which impose urgent fiscal
and economic policy changes to attain the growth, they act as if the states
they rule are no longer parts of the union of India .
All the three women politicians who
have attained the status of cult figures with the status
of a mother depend on a little known domination of matriarchal subjugation of the
Indian psyche and its debilitating grip on the Indian political system which
breed and abet the X factor of India .
No male dissent to the absolute authority of these females is ever seen or
tolerated. In fact the lack of any public debate or dissent within these
regional parties smack of regimes of the despots displaced recently by the Arab
spring.
Here are several examples of the
X factor manifesting in the Indian political scene in destructive mode,
disregarding the interests or economic progress of millions of voters, widely
reported in the Indian and International press.
·
FDI
in retail: Mamata Banerjee puts the agenda on hold
·
Govt
to mollify Mamata Banerjee on Lokpal Bill
·
Mamata
Torpedoes Bangla Water Deal
·
Jayalalitha opposes FDI in
retail
The question is, when the
function of free market and sound fiscal policies which are indispensable for
growth and return on any investment cannot be taken for granted, is it really prudent
to invest?
The chances are that you may not
even get the smell of your money again.
Article first published as Is
There An X Factor Investors In Incredible India Should Worry About? on
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