Is There An X Factor Investors In Incredible India Should Worry About?
India has ushered in the New Year with a desperate invitation to all foreigners to invest in its stock markets! Is there an X Factor, a real show stopper, for the Incredible India show you need to worry about?
Beset with high fiscal deficit, withdrawal of funds by foreign Institutional Investors who lost confidence in the India story and political opposition to foreign direct investment in the corporate retail sector, the government has opened the Indian stock markets to everyone who would like to invest.
But before we rush with our hard earned capital to jump in to the Incredible India band wagon and to invest in Indian stocks, it will be prudent to investigate the ‘X’ factor of India, which adds a new and unknown dimension to the stock market at the least and can potentially destroy India’s future growth at the worst!
A lot of irrational and unjustified criticism has been hurled, at its economist Prime Minister Dr Man Mohan Singh and his ministry, by the leaders of India’s own Industry as well as several observers around the world, for the current plight of Indian economy and its less than expected growth.
But what everyone has failed to recognize is the growing X (which stands for the female chromosome) factor of India, the unpredictability, irrationality and vagaries of hormones of its elected female leaders, the Chief Minister trio of Mamta, Mayavati and Jayalalitha, who are meddling with the growth agenda of the central government in power in New Delhi and hampering its capabilities to deliver free market and economic progress.
Three of India’s biggest states comprising of 30% of its population are ruled by these women of monumental egos and idiosyncrasies which spell disaster, with substantial representation in the Indian parliament. These females who act like Victorian queens and catapulted in to positions of power by massive mandates of negative votes, defy all logic when it comes to their approach to free market and the growth of economy of the whole nation.Continued on the next page