Letters: Eyeing Indian markets
Apropos T N Ninan's column "Hope or hype" (Weekend Ruminations, March 29), with next to no growth expected in the developed world and China showing clear signs of slowing down, global financial investors, manufacturing and trading companies have no potentially huge market to focus on other than India, which also has the most open information system among all the developing nations.
Even if the upcoming general elections lead to a hung Lok Sabha, with the leading parties stuck at around 100-plus seats each, as is likely, the Aam Aadmi Party effect will ensure that both crony capitalism and open, on-record stealing will come down sharply and the justice delivery system will pick up pace. This increases the likelihood of nine per cent-plus growth in India a few years down the line, which is much more than is likely in any other developing country.
Letters can be mailed, faxed or e-mailed to:
The Editor, Business Standard
Nehru House, 4 Bahadur Shah Zafar Marg
New Delhi 110 002
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Even if the upcoming general elections lead to a hung Lok Sabha, with the leading parties stuck at around 100-plus seats each, as is likely, the Aam Aadmi Party effect will ensure that both crony capitalism and open, on-record stealing will come down sharply and the justice delivery system will pick up pace. This increases the likelihood of nine per cent-plus growth in India a few years down the line, which is much more than is likely in any other developing country.
Alok Sarkar Kolkata
Letters can be mailed, faxed or e-mailed to:
The Editor, Business Standard
Nehru House, 4 Bahadur Shah Zafar Marg
New Delhi 110 002
Fax: (011) 23720201
E-mail: letters@bsmail.in
All letters must have a postal address and telephone number