Indians taking their business elsewhere

This week’s economist had a wonderful article

To sum up, India has created a cess-pool where wealth is not created by ideas, innovative products & services but through crony capitalism. The recipe for success in today’s India is licenses, government contracts & concessions. If you don’t believe me, google the name of the successful businessmen and their growth engine.
After the IT boom, the wealth has been created in areas of mining, telecom or areas with heavy government involvement/contracts. Many of these involved questionable means, process & pricing. Many businessmen are moving operations abroad (Flipkart, Mittal group, sterlite etc.). Many of the heads are even trading Indian citizenship in favor of lesser stress countries. (heads of Tata, Jet etc.)
Traffic jams for office commute, arranging for water, LPG & electricity are eating so much of our time that we are sucked out of our creative juices. Blaming the politicians are easy… but remember its we who elect them. They respond only to the aspirations & pulse of the nation.

 

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3 thoughts on “Indians taking their business elsewhere

  1. The article states : Blaming the politicians are easy… but remember its we who elect them. They respond only to the aspirations & pulse of the nation. My response:

    In this country, those who actually work for a living and pay taxes are outnumbered by those who vote for a living plus those who need those votes for their living. Those who vote for a living are the presumed beneficiaries of the PPASs – Perpetual Poverty Alleviating Schemes. Like all ‘scheming’ collective schemes these also enable those who need votes for their living to loot the prime collective scheme in this country – Consolidated Fund (or is it Fraud?) of India on the pretext of redistributing it to those who vote for a living. Unless there are ‘poor’ the schemes cannot be justified – hence people will continue to be kept ‘poor’ and be allowed to produce more poor. If someone claims to be BPL then why should s/he be allowed to marry and have children? Also why should s/he be allowed to vote? That is the only way to end this vote garnering gimmick at the cost of tax payers. See how quickly poverty will end if this is implemented. Those who are really poor will not mind this at all. Otherwise all PPASs will only be a government sponsored sex subsidy scheme.

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