Having Manmohan Singh take the prime ministership was probably one of the smartest descisions taken by Sonia in the wake of the last elections. Because other than that, the UPA goverment has proven to be too slow, bugged, and tied down by the left wing, weak in showing decisive reforms, and in general has not llived up to India's expectations.
In a boom like the one we are experiencing there is a strong need for the goverment to take decisions quickly and effectively so as to not hamper the pace of reforms. But the UPA has consistently faltered on this account. Take the case of airport privatization, or the issue of infrastructure growth, or the issue of the recent caste quota. The charm of Honble Mahmohan Singh itself seems fading due to this incomeptence. Granted, the UPA has launched and nurtured various reforms, no taking away credit from them, but to me it is obvious that the pace is slow, and jittery.
For weeks now, the goverment is unable to come up with neither a proper explanation of its moves on caste quota, nor a solid plan that kills all doubts. There is just too much left pressure. For a fast growing India, we have to make sure that the next time we go to polls, we make sure that we dont elect a khichadi of diagonally opposit political thoughts that is UPA.
Maybe, just maybe the foreign investor was looking at what Manmohan and his gang was upto, he noticed their utter incompetence in speeding up the airport reforms, their shaky position on the infra reforms, and most recently, the unpopular descision of invoking more caste quotas in a society where thousands of qualified and able students are denied admission due to their caste. And a steamed up industry which is already feeling the crunch of talent shortage. A commitment to diversity, that is not! It didnt seem like UPA would even allow India inc. to do what it is doing best, it is even trying to force caste system there. Maybe the FIIs thought about that, and showed their silent but violent agitation by crashing the SENSEX?
What do you think..... I think it was the one Indian dish that the Americans didnt like!
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