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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Shivram Hala who wrote (6180)	9/1/1999 6:54:00 PM
From: sea_biscuit	Respond to of 12475

Bihar is a liability if you want to setup a plant there. It is also a liability for those states that do a better job of managing their affairs. There is the "big brother" federal government taking away resources from the better states to states like Bihar. It is a liability to the states, its people, and ergo, the companies that want to set up their units in those states and do business with its people. But hey ... the india bourses (that's stock market for you) have registered almost 50% gain. And that too under the BJP AND under Sanctions. First off, stock-market gains can be lost as quickly as they are gained. If India had been able to increase its exports in dollar terms, now that would have been worth something. That did not happen, in spite of the vacuum created by the struggling Asian tigers. If India had been able to decrease its debt burden, then that would be worth something. That did not happen either. If it had been able to contain inflation at the consumer level, then that would have been worth something. And that didn't happen either. So what are you crowing about? Investors/Industrialists actually prefer the BJP in power... Investors prefer a weak federal government that doesn't have the clout to rollback the economic reform program (something that was started when the Congress was not just in power but was also wielding a comfortable majority in parliament). If the BJP were to come to power all on its own, foreign investors have to contend with your saffron-langot friends who want to protect the inefficient and corrupt local businesses under the guise of their "swadeshi" crap. TN, ... does much better as part of India rather than as a separate country. Who died and made you God for you to decide that???? It is upto the people of the region to decide for themselves whether they will be better off or not. They don't need a saffron-langot ignoramus telling them what is good for them and what is not!