Who Can Stop Anna Hazare and His Motley Fools from Taking India to Where Gandhi Left it?
Anna Hazare proclaims to be a surviving disciple of Mahatma Gandhi, the Gandhi who won independence for India from the British Empire. It is no secret that Anna Hazare can't read English and can't understand the charges he raises and his team knows very little other than Law, a subject the worst students in India can count on for a degree. For a growing community of frustrated investors and expatriate Indians, Anna Hazare team is looking more and more like a bunch of Motley Fools out todestroy India.
Not without some reason. The "poor" nation of half a billion people Gandhi bequeathed has made impressive strides and record growth even when the rest of the world was reeling under crisis after crisis. Now, along with several other distracters, the very disciple of Gandhi has succeeded to drag the country back several years to where it started from.
The Indian Rupee has touched the lowest ever exchange rate to the US Dollar, the growth has plummeted from the heady 10% India boasted about in the past decade to a 5% range India was stuck with for ages and most of the foreign investment which brought in the growth and prosperity has all but withdrawn.
It is hardly surprising that the investor confidence has taken a flight from a country whose Prime Minister and 15 of his ministers have been accused of corruption without any basis by the Anna Hazare team, crippling any decision making power left with a government held together with finicky regional parties. More disgustingly, it has brought a world renowned economist to offer his resignation as the prime minister of the country. This is a more serious issue affecting not just India but global economy, given the globalization which render growth in any part of the world vital for the rest of us as well.