ONE LIFE LIVE IT

The other day I happened to catch this interview on CNBC, luckily I found the same in the link below…Another example of what Globalisation has done to wake up Indian govt at last!!!!

 http://news.moneycontrol.com/backends/News/frontend/news_detail.php?autono=201454&sr_no=1

      I guess we wow a lot to Manmohan singh & the late PVN govt who together brought in the first wave of liberalisation in 1991.I have a close friend of mine who is an engineer. He once explained the plight of engineers to get a job in 1990-91,(when reforms were slowly kicking). They had once protested in front of a state parliament by shining the shoes!!!!, to show the plight of unemployed educated of the country, but did the Govt wake up nay!!.

   I just cant dare think of the situation India would be in, had we not liberalised in 1991. I mean with the burgeoning working population with NO JOBS, would be a perfect recipe for

1. A revolt/revolution ——Considering India’s Non -violent past that can be ruled out.
2. A state were India would have had to be classified as poorest countries, probably sharing dias with some third world countries ….This state also breeds to other socio-economic problems like the ones faced in North -east.

           INDIA now is referred to as Developing Economy (not a third world  nation!!) Had it not been for the Globalisation & the timing of opening up of our Mkts, we wouldn’t have been where we are Today. otherwise how else could one explain successful privatisation of Mumbai & New Delhi Airports by a communists backed govt!!!

 To a question on Govt’s policies this what Marc Faber had to say…in his own words ..

“So it is not the government that will reform the economy but it is the economy that will reform the government in India and it is very obvious. You see for instance, the discount airlines in India, and as you know the airline traffic has risen very substantially in terms of passengers carried annually.
So one the private sector has reformed itself, has done a fantastic job and the other is the government sector, as represented by the airport, that taught us about the worst in the whole world; Africa aside. Now because the airline traffic has increased so much the government is scratching its head and saying, well we better start to also look at the airports because otherwise people won’t be able to get in and out of airports. That is where the bottleneck is occurring.”