Reflections

Our continued silence is a matter of extreme concern; unless the Indian citizen wakes up, and addresses the corruption that is now endemic to society as a whole, we are going to continue on a one-way spiral to the bottom. Let us consider the economic climate, and how it has been impacted by corruption and fiscal profligacy. We are facing a scenario of a broad-spectrum decline in all aspects of the business environment, cutting across sectors and indicators. The reasons, as given in my earlier posts, are on 2 sides: implementation hurdles and Policy stasis. Both need attending to; without that - we can expect a further slide. We are facing a BOP crisis in April 2014: how much of the $162 Billion can be rolled over is a moot point. This is short term debt coming due; add to this CAD, capital flight etc - and you are staring at a crisis situation of unprecedented proportions. If something is not done - we can expect a further correction.  Research reports from across the wo...

Our capacity to forget is truly amazing. It has taken us just 14 days to move on; just 14. But why should I find this surprising? This is par for the course; the average Indian capacity to absorb punishment is almost legendary. The list of man-made disasters and scams we have forgotten makes a very interesting read indeed, one we can justifiably be proud of - having managed to first mis-manage and then forget all the mismanagement for any number of "achievements" of our political masters, bureaucrats and big business. Be it the man-made Uttarakhand, or AMRI Fire case or be it the Satyam or Cobrapost scam; we are very quick to move on. It doesn't concern me; It doesn't effect me. I am alive and well; I am healthy and have a job... that is all that matters. My life is hunky-dory, and great. Why should I care? These, and similar opinions are the general rule. We are armchair specialists: commenting with zeal on each expose and tragedy; shaking our collective heads wit...