If we look at the world economic crisis, Indian economy is better because of reforms done by NaMo Govt AND the continuous tracking and actions by RBI Governor. Indian economy is not for eqty investor. Share index is not important...
Re: Jim, Indian economy is not only for eqty investors
by on Sep 22, 2015 11:10 PM
There is a limit to sychophancy. Indian economy is strong because Indians believe in saving and not spending completely. Despite of slowdown in World, Indian economy servived because of policies of last 10 years of UPA govt
If we look at the world economic crisis, Indian economy is better because of reforms done by NaMo Govt AND the continuous tracking and actions by RBI Governor. Indian economy is not for eqty investor. Share index is not important...
Jim Rogers' comments nor his net worth deserve any real mention in a leading site like this one ! He is just a broker who got lucky in Singapore. It is ridiculous that our political parties and followers are allowing a fight to be setup between themselves by these kind of characters.
I would rather hear the Indian entrepreneurs inside and outside India and probably a Chinese to see what is needed to give the business growth a nudge. No one believes GST, etc. will do the trick, though it might ease the tax calculations and get the miserable and depressing litigations out of your way.
By the way, the real solutions in India will come from folks like Chandrasekhar Ghosh of Bandhan Bank. That is the business model which is compatible with the economy and per capita of the people. Which by the way, isn't very different from the way Narayana Murthy built Infosys, processes and people working in a focused manner.
In both cases, they were out of the reach of the bureaucrats and their licenses ! The moment you see either of them, your interest in doing business evaporates.
That is why e-commerce took off, fortunately before the guys could notice...or I would submit it had Manmohan Singh's Govt. benign, though some of his political opponents backed by small-time traders and shylocks hate him for that!
The offices of different ministeries have changed. Touts and brokers and retired bureaucrats representing companies no longer haggle around corridors greasing the palms of the staff there and getting confidential information and asking for favours.
Modi is doing great. Lot of information that I am getting from my friends in bureaucracy are talking about the hugely positive things happening. For last so many years policies were laid, rules framed and babus appointed but none of the appointees knew exactly how they should go about their job. Modi is slowly changing all that. He is fixing accountability. Without doing this implementing any new reform is not going to help and it will go the way of the many initiatives that failed during implementation stage. What does Jim Rogers know of running Governments? Nothing
Re: Slow Steady and long term
by Prakash Bedekar on Sep 15, 2015 03:39 PM | Hide message
Dear Sir, Is he accountable for suicides of farmers or deaths of jawans on border attacks? Is he accountable for common man suffering due to skyrocketing prices of onions and pulses? What is he accountable for- sharing biryani with Pak PM?
For these congress stooges sky is the only limit for expectations.India can not open its gates which was closed for 60 years immediately for global investors.With Rajya sabha blocking everything and Loka Sabha functioning below normal what Modi can do.It is not one man's job.Jim has to wait till NDA gets majority in Rajya Sabha.
Re: Jim Rogers
by Useless Comments on Sep 15, 2015 03:02 PM | Hide message
Rao ji gets your fact right .... india was open to FDI from 92 onward ... Jim is upset because parts of BJP are opposing FDI... BJP did not want FDI in retail.. when congress was trying to pass it.. it was BJP in RS who stopped the bill
BJP groups like SAD, Sena do not want land bill
RSS groups do not want labour reform ...
It is not congress even BJP do not want them.. they just trying to transfer blame to congress .. but India can see it
To day India is like a person standing on the edge of dangerous jungle. Modi has sold people the dream of a wonderful world on the other side of the jungle but sad Mr Modi along all his countrymen has gone lost in the jungle and can not find a way out. Instead looking for a compass in the regressive RSS let him be bold and seek his compass in world class renowned economists like Dr Manmohan Singh, Amartya Sen and others.
Re: Too much expectations, too soon ??
by Useless Comments on Sep 15, 2015 03:07 PM | Hide message
Indian economy has become world 3rd biggest economy in last 10 years so there was no damage done... world is going thru a bad phase every one has problem... if BJP can't manage economy .. they should accept it and say to the people that we can't manage the nation
Modi is only talking and have done nothing on the grounds thats why Jim has decided to left... he is seeing a bubble in india... where govt has promised and projected a lot .. but ground reality are different
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