And for a Friday as Moodys and also Fitch reconfirm the optimism in the Indian Economic growth, some thoughts….. some musings…..
As India is now getting grudgingly recognised by most World Economic rating agencies as an Oasis of stability, growth and economic revival amongst large economies, there is a perceptible effort to spread confusion and puncture the stock market optimism. Some observers in the Developed Nations would like to perpetuate India’s image of poverty and retain its underdeveloped status. In just a matter of three years, India will be the third largest economy and it is very important that the country remains attractive to get the most talented and successful Global Captains of Industry spearheading Research, Innovation and Growth Business in US, UK, Middle East and other countries to relocate and/or operate seamlessly from Indian shores.
The IAS, IRS and IPS Babus have limited capabilities to operate in open Competitive Economies. We need lateral talent of the highest order from the Private Sector, the best in the world, to be part of India’s growth story. In the early 2000 we had direct entrants like Dr. Manmohan Singh, Montek Ahluwalia and Nandan Nilekani who made outstanding and pathbreaking contributions to Growth of the Nation. At the recent ET WEF, our PM has re-emphasised the role of Wealth Creators. He has reassured the Global Investors and Human Talents of India’s attractiveness and opportunities waiting to be fructified. It’s in this background, I totally shun the allegations against SEBI. The “mud-slinging” by characters like Natin Anderson & Co of outfits like Hindenburg, short sellers who have absolutely no relevance to India. Their baseless allegations must be just ignored.
With a good monsoon and hopefully a favourable agricultural season, Let us all support the Indian Growth story, the participatory way, the inclusive way, the SEEGOS way.