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We think so. George Sores and other big manipulators entered the stock, real estate and commodity market. India’s growth story going to be a bull run growth story. The rising cost of essential commodities, real estate prices, stock market all sector seems to be left in the hands of some manipulators. When our leaders and bureaucrats speaking about growth and higher GDP, they themselves creating a protective ring for the manipulators. Still the govt. is more focused on tax collection of ordinary and middle class citizen while they left with large concession for super rich and brokers and manipulators. Now the situation is like that anybody from any foreign country can invest any amount of money in any sector, whether it affecting Indian nationals, or going to collapse the economy, sub-prime crisis like in USA, economic crisis in Argentina and other nations etc. The so called elected government in the respective state and centre in imposing more taxes and stringent laws on citizen thus to grab more and more money from the citizens. Minority govt. selling majority’s freedom, justice and resources to the market manipulators and corporate houses by commoditizing the interest. In most of the democratic countries, people are loosing faith in their respective government and loosing freedom and access to their resources. When criminals and super rich getting elected and creating laws in their favours and robbing law abiding citizen by way of taxes and penalizing them for no fault of theirs.
To minimize the damages, Corporate India Inc. need to invest in globally instead of looking at India only. They also need to invest in UK and USA because; the US will bounce back, when India, China and Brazil started facing any internal situation. If you look at the real estate prices, it clearly shows that it is poured more by political, bureaucratic, mafia money, foreign investment rather than real growth of middle class. The growth in last 3 years is quite unimaginable and global manipulators using Indian corporate houses and other individuals in making great investment in India. The US sub-prime crisis started only because of this. The recent statement of Bush on price rise seems to be a clear cut statement that big global economy is fully dependant on developing countries like India, China, Brazil and Africa. India need more investment in alternative energy, other countries oil exploration etc. to make a reasonable balanced growth. Otherwise it is very difficult to survive in the long run. |