Join Bihar's biggest Social Networking site and online community

We are loosing our India.

. I am just back from business tip to Singapore. I met many in finance sector. They said to me that it is sad to see India loosing its way in development and financial progress.

There never was a "Shining India" anyway, but whatever there was is now rapidly vanishing. Blame it on Pranab Mukharji's budget, retrospective tax on business going back to 1964, high profile case against Vodafone, revolt against FDI, Multinationals, Singur, stalled reform programmes, corruption, an ineffective, silent, non-performing Prime Minister.

Result has been devastating. More Biharis are going abroad than Andhra and Kerala, unemployment is on dramatic rise, One Trillion Rupees has been withdrawn by foreign investors in last three months. There are no jobs. And now India is tobe downgraded from an investor friendly country to a investor unfriendly country. Many foreign and Indian firms have left to investor friendly countries.

Question we must ask, who is responsible for all this? Who is in power to rule India and create this appaling situation. Has the bubble of our so called prosperity burst ?

Is 9% growth is now history ?

1 member likes this

▶ Reply to This

Replies to This Discussion

Permalink Reply by Shalu Sharma on June 11, 2012 at 8:10pm

I also think there is something drastically wrong. The India story is now not a reality. Just a few years ago with 8-9% growth, it did seem for a while that India was on its way to greatness. But thanks to Manmohan Singh's policies, we are lurking around 5%. Investment is down, inflation is up, corruption is up, call centres are packing up. Things are not looking good at the moment. But what about Europe, its even worse shape than India. Europe is now finished. World order is about to change.

▶ Reply

Permalink Reply by Munna Lal on June 12, 2012 at 12:35am

Madam, you are very right in pointing fingers at Europe. You correctly point out about Indian problem. But you fail to understand Europe. There is basic difference between India and Europe.

Europe is rich, it has will power, willingness to change, monetery means at its disposal, no corruption as we know of that pervadesChina and India. It find itself due to greedy bankers and habit of living on credit. The financial experts I interacted with in Singapore were of the opinion that Europe will pull through this problem. They pointed out that Eropean and American financial problem has affected India and China too, but to a much lesser extent.

But I am worried for my country. We have a confused government and an "abesent" prime minister. Result is, every minister think and behave like a prime minister.From being a thriving capitalist country, we are being led to the bad old days of socialism and neta - babu raj.

The world order has been changing since the fall of Berlin wall and demise of USSR. Keeo hoping for the change. It might happen in your grandchildrens old age.

Munna Lal Kedia

MA, MA (usaa), MBA

▶ Reply

Permalink Reply by Rohini on June 12, 2012 at 4:16am

cant say much about india or europe but its pretty desperate in the usa as well. we also thought things were on track but no luck here i'am afraid. economy not looking chusty here either.

▶ Reply

Permalink Reply by Munna Lal on June 12, 2012 at 4:05pm

Growth is only taking place in BRICS countries and Africa.

In BRICS countries, worrying thing is, its growth has slowed down. Euro crisis affecting us all in this globalised world. I personally have felt the pinch as my profits have dipped. I may have to lay off 3 or 4 of my employees in Mumbai office.

▶ Reply

Permalink Reply by Munna Lal on June 13, 2012 at 3:28am

I am appaled and sad to see my Bihari brothers are indifferent to the decline of India - our beloved country - because it affects them . They have no jobs, no prospect, no hope. Investors from world have run away. Indian business are shifting to China and Africa. Here, Congress government is moribund, they are taking our country to old socialist system.Unemployment is on rise, Proctor & Poor has decided to downgrade our country. Soon it would be out of BRICS.

What a tragedy, what an insult to us INDIANS.

My Bihari brothers, be afraid....very afraid of your future. You my be sitting at home, working in a cinema hall, on road breaking stone, on building site carrying loads on head. Provided roads are being built, building constructed. If this is the situation and fact about India, then all those gloating about Bihar's growth rate, take notice. The idiots and stupid Biharis will continue singing of development, for they have no brain, no thinking capacity, but intelligent Biharis will understand nd leave India.

▶ Reply

Permalink Reply by Munna Lal on June 17, 2012 at 1:42am

अब तो मनमोहन जी ने भी कह दिया है की यूरो क्रिसिस का असर भारत पर भी पड़े गा ।

▶ Reply

Permalink Reply by Ragini Bhatiya on June 17, 2012 at 11:25am

Its a grave situation. Greece will drown the whole world. The crisis is in Europe not in India. India is still progressing at a rate Europe can only dream off.

▶ Reply

Permalink Reply by Gaurav Gupta on June 17, 2012 at 1:47pm

Well we all indians are passing through a very dismal situation but it doesnt mean we should be dissappointed from the situation.we will do hopefully better in near future or sooner or later and also we are not loosing india.Our country inhabitants loosing right government,right policy rather than loosing the nation.Always be carefull in choosing right goverment for the nation and states too.This is the duty of responsible citizens.Hope you are understanding the reality.

▶ Reply

Permalink Reply by Shalu Sharma on June 17, 2012 at 2:18pm

I think the whole world is on standby at the moment. Hold you breath while the Greeks vote. I personally think that Manmohan Singh has failed us, they should not have been re-elected. Never elect an economist as the PM. They will often overrule the views of business strategists.

▶ Reply

Permalink Reply by mukesh kumar on June 18, 2012 at 9:31am

It's sure that in some days we'll loose our GOLDEN BIRD because of these bludy politicians.

▶ Reply

Permalink Reply by Munna Lal on June 19, 2012 at 9:48pm

Yes, our India is making excellent progress. Currently GDP is around 5.7 %, down from 9%. And our inflation rate is 7.7 %. Madam Ragini, does these figures make any sense to you ? If it does, then be afraid....very afraid of the future.

If it doesn't make any sense, then do remain in blissful ignorence.

Ragini Bhatiya said:

Its a grave situation. Greece will drown the whole world. The crisis is in Europe not in India. India is still progressing at a rate Europe can only dream off.

▶ Reply

Permalink Reply by Rohini on July 4, 2012 at 1:49am

The situation is looking gloomy in the usa as well. the banks are up to their usual tricks again and economy is slowing down. no green shoots of recovery in the horizon yet.