And for a Friday in Mumbai …….. the commercial capital of India …..some thoughts ….. some musings….
India’s Growth story continues to surprise the World … Inspite of the INR depreciating against the Dollar …..India has last month overtaken Japan to become the fourth largest World Economy …….having successfully signed FTAs with UK , Australia , GCC , Oman & a few other countries …. Excellent progress has been made with the European Union & hopefully the FTA will materialise shortly ……. it’s in this background that the first time visit of Dr. Friedrick Merz as the German Chancellor to India next week gains tremendous importance ……..the India -Germany Strategic Partnership has been successfully running for the last 25 years & the PM & Chancellor Merz will review & consolidate relations in a range of issues of Trade , Investments ,Defence & Technology in addition to areas of Skilling & Education ….. leading to a even more closer people to people relationships …… already Germany welcomes Indian students for higher education particularly in STEM …. last year alone more than 50,000 young men & women have joined German Universities …. also a number of specialised Professionals in Health care particularly in Nursing …. Engineering ….IT … etcetc are in great demand ……The Mittlestand as well as large German companies listed in India like Siemens , BOSCH , BASF, SAP , Bayer etcetc are all amongst the most successful companies in the country ……..
India…. inspite of all the problems of a diverse …chaotic & loud democracy has still managed some path breaking reforms …… Rationalisation of GST from multiple to just three slabs, …..more than 29 archaic colonial times Labour laws have been amended into 4 modern codes as new Laws , a very disturbing Quality control law which impacted many MNCs has been reviewed …… & many ….many more laws decriminalised …….. minimising some of the challenges of doing business in India …… notwithstanding ……lots & lots more still needs to be done ….. not easy …..since the established system & Babudom has the clear momentum to gravitate to more controls … newer Rules & Inspections enable the curse of Corruption to thrive ……:::a Root cause ….. the real Elephant in the Room…..
As an Indian it very gratifying that International Monetary Fund ( IMF) has forecasted that for next year 2026 too …. India will be the fastest growing large Economy of the World ….. let’s resolve to work even harder …. the sustainable way …… the inclusive way ….. the SEEGOS way.