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

To: stockman_scott who wrote (50)	3/1/2006 12:22:12 PM
From: Sam Citron	Read Replies (1) \| Respond to of 608

India has one sharp Prime Minister In my analysis India currently has the most able and astute top leadership of any country in the world at present in terms of sophistication and understanding of economic development. This should serve India well now and into the future as the world's largest democracy gradually re-emerges from centuries of poverty. As investors, we have many choices as to where in the world we should choose to invest our hard-earned savings. Political issues and leadership are an oft-neglected aspect of the investment equation. [Yahoo Finance neglects it entirely. S&P and Moody's examines it when assessing sovereign debt ratings. But it is not as big of a factor in most investor's decision-making as perhaps it should be.] How does a particular President or Prime Minister affect the economic prospects and investment climate of the nation he or she leads? Manmohan Singh in his earlier role as Minister of Finance was the main person responsible for initiating economic reforms that began to unwind decades of bureaucratic red tape that stifled private sector investment. Now this CFO of the nation has fortuituously become its CEO, having been appointed to this role by Sonya Gandhi. Manmohan is rightfully IMO focusing on needed infrastructure improvements -- roads, ports, airports -- while trying to make sure that such investments benefit the poorest of the poor, and not just the rich. In the last election, the Congress party overturned the BJP largely because of the perception among voters that the poor were not benefiting enough from India's progress. Therefore it behooves Manmohan to pay careful attention to keep careful watch on the Gini coefficient to be sure that his policies move India toward equitable growth. Sam [Just back from an 8 day trip to New Mexico. Thanks for keeping the thread fresh while I was gone.]