Tuesday, June 25, 2013

FALTERING INDIAN ECONOMY- CONSEQUENCE OF WEAK LEADERSHIP


Bikash Choudhury


If Politics were a game of perception; can Economy be any different? In 2008 when Barak Obama took over the Presidency; American Economy was almost tanking under the sub prime crisis. However, strong and dynamic leadership of Obama saw to it that the decline was resisted and unemployment arrested to an extent and he returned to Presidency once again in 2012 for the second term; in spite of huge debt burden and slower economic growth American Dollar going strong against Global currency. Where as in spite of all the strong Fundamentals Indian currency is being battered and FDI attractiveness of India looks bleak. This could be due to the Global Public Perception about Current Indian Leadership which is Weak and Indecisive. If we replace our Prime Minister with the Finance Minister our Economic recovery could be smart and swift in a scale of 2/10, with Rahul Gandhi it could be 4/10, with Sonia Gandhi 6/10 and with Naveen Patnaik and Narendra Modi it could peak at 8/10. If we draw a Global Investors Perceptions Survey this hypothesis could be proved beyond any doubt. Leadership is important for investor’s confidence as economy is also a game of perception.

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