Comments on BIRDINFO Stock Rx: Means adopted by Jindal are better for India

Thanks for valuing the blog. In fact there is not ...

2009-11-23T18:56:29.980+05:30

Thanks for valuing the blog. In fact there is not much difference in what you and what I say. It is simply that while I know the difficulties here and still I request the Indian business houses to pay greater attention here itself because the country has to grow a lot more. I am not advocating that they be stiffled and take their decisions. In fact you already know that I have been advocating for the completely free capital flow regime but even when that happens I would expect the Indian business houses not to shun India. You are also aware that those who ventured out have not made money and only have a tag attached showing their presence overseas besides India. India can not be Singapore is also true and neither need be that.

You may atleast be 'Anonymous no. 1' so that we know whether something is coming from the same source or a different source.

“What you mean is that since we have such poor con...

2009-11-23T08:58:14.010+05:30

“What you mean is that since we have such poor conditions because of politicians, the businessmen should take their wealth out and be secure.”

Pl don’t distort my words to suit your view-point.

All I said was that in this era of global businesses, who are you and I to tell the entrepreneurs where to put their money?

Maximization of profits - heard that?

Yes, if they are doing anything illegal or breaking the foreign exchange laws, catch them!

Inasmuch as you and I may like, sheer patriotism can not govern successful global business nor can it be the major ingredient in any product.

“But can you explain if the things are not right here even for home-grown businesses then why there in increased capital flows towards India.”

If hot money to Emerging stock markets like India and the majboori of investment to cater to a large market is of any importance, dream on!

I once again say, you can’t have a one-way street of investment that says: foreign investment in India -- welcome; Indian investment abroad – unpatriotic and bad!

“Are the NRIs and the FIIs ignorant about the atmosphere here which you term as bad enough. May be you have explanation, please resolve the puzzle.”

This is no puzzle: everybody recognizes that India is a large market which one can ignore at one’s peril only. However, one also recognizes that India is no Singapore. In India, too much democracy, political interference and corruption are ingredients to kill any spirit of enterprise. It is only Indian people, their ingenuity, their hard work and their burgeoning middle class that attracts investment; not the Indian govt’s incentives.

Otherwise, India may be a heritage travel place, having very nice people to welcome you, full of cheap hotels, hashish, marijuana, drugs and services to pedophiles, but it is a dirty shitty place to live or do business.

India is Paharganj not Zurich.

And, the Indian business/decision makers (bureaucrats) are governed by Lalloos, Kodas, Rajas, Mulayams and Mayawatis, who don’t know the meaning of patriotism or possess any business sense, except the business of vote-bank.

”Why can't the anonymous have a name, who is so painstakingly telling us different view.”

Familiarity breeds contempt; familiarity blocks objectivity and criticism. Parde mein rehne do, parda….

I sincerely respect you n your blog and have benefited from it but sometimes find your views pandering to the ruling class, naive or over-simplistic. But then, I also respect your right to express them as much as my own right to respond with my view-point, which is never final – or perfect!

Most of all, I never mean to offend you, which if I do, pl forgive me;

just to exchange our view-points.

Even Stevens?

“I do not think there is more congenial atmosphere...

2009-11-23T08:18:50.792+05:30

“I do not think there is more congenial atmosphere anywhere than it is in India at present.”

If what you say is correct, India should be the top destination for investment?

How come it is not?

What you mean is that since we have such poor cond...

2009-11-22T20:33:27.172+05:30

What you mean is that since we have such poor conditions because of politicians, the businessmen should take their wealth out and be secure. But can you explain if the things are not right here even for home-grown businesses then why there in increased capital flows towards India. Are the NRIs and the FIIs ignorant about the atmosphere here which you term as bad enough. May be you have explaination, please resolve the puzzle.

Why can't the anonymous have a name, who is so painstakingly telling us different view.

“You forgot here that the money taken out and whic...

2009-11-22T11:18:43.791+05:30

“You forgot here that the money taken out and which is to be invested in foreign ventures was initially made here. “

Why is it that when money comes to India, it is all hunky-dory but when it goes out, all hell is broken loose? It is like saying that Indian students shouldn’t go out to study and spend foreign exchange. But, what abt when they go out, excel and indirectly contribute and bring Indian glory and moolah to India and attention of global forum to India?

Double standards? Hypocrisy?

“Simply, the potential is in India in spite of govt and there is no justification in doing any injustice to India.”

What abt the value addition to Indian products due to global acquisitions? After all, who knew Tatas or Birlas before they ventured out? Frog in the well mentality! Now, we are sending finished products like textiles and jewelry instead of exporting raw materials like in British era.

“The Indian govt's faults are no so much as you perceive, which govt (Brazil, China or Pakistan) you rate better than India. Do you think Australian govt is better or do you think the U.K.’s govt is better? Have you not tasted the USA govt's sins against India who would punish you for drop of hat and do not do any thing when Bhopal tastes their deadly fumes?”

So, what’s the point u r making here?

If supine Indian govt n politicians get bribed, are u going to punish Indian entrepreneurs for that and stop them from going abroad?

“I do not think there is more congenial atmosphere anywhere than it is in India at present.”

Who are we to judge? Let entrepreneurs decide that.

“If there are constituencies in India, which do yet not have the fruits of development and express then there is a need to address their problems and we should give them benefits and not crib about it.”

If Indian govt continues to create hurdles in the way of investment in India like $12 Billion in Orissa by Koreans for political considerations and stifle genuine entrepreneurs, why should they suffer? If large parts of India suffer from Naxalism and Maoism, why should entrepreneurs invest there?

Once again, I take the example of Indian students who have talents but get no support in India and when they go abroad, who is responsible?

After Gas fiasco with Ambanis, the 2g and 3G spectrum ghotaala, if you still say that conditions in India are the best, I have nothing more to say. Global bidders are conspicuous by their absence due to these scams.

Blind patriotism defeats genuine growth.

Closed minds avoid objective assessment.

You forgot here that the money taken out and which...

2009-11-21T15:49:01.088+05:30

You forgot here that the money taken out and which is to be invested in foreign ventures was initially made here. Simply, the potential is in India in spite of govt and there is no justification in doing any injustice to India. The Indian govt's faults are no so much as you perceive, which govt (Brazil, China or Pakistan) you rate better than India. Do you think Australian govt is better or do you think the U.K.’s govt is better? Have you not tasted the USA govt's sins against India who would punish you for drop of hat and do not do any thing when Bhopal tastes their deadly fumes? I do not think there is more congenial atmosphere anywhere than it is in India at present. If there are constituencies in India, which do yet not have the fruits of development and express then there is a need to address their problems and we should give them benefits and not crib about it.

Successive govts in India have/continue to throttl...

2009-11-21T07:24:26.536+05:30

Successive govts in India have/continue to throttle the growth of companies by creating artificial barriers of bureaucracy, taxation and politics.

Under such situation, like the Indian student not getting admission in India, these industrial houses like Birla and Tata had no option but to pan outside India to grow and prosper.

Therefore, any development in India is despite the govt -- not because of it as govts have not been help but an obstacle to growth and progress of every individual and corporates in India.