Trade Notes: Some Tarnish on “India Shining” Might be an Opportunity

RBI head office, Delhi
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Yes, India is most definitely one of the few positive things we could look to in 2010 but there were more than enough warning signs that things might not continue to remain so rosy.  Maoism coupled with the fissiparous nature of Indian politics —based as it is on race, religion, caste, and class — makes government and governance from the center difficult enough.  Rampant corruption in federal & state governments doesn’t help.  Nor does exploitation of that corruption by the large Indian corporates only recently weaned from the vicissitudes (that they so adroitly profited from) of the “Permit Raj.” The demographic advantages that everyone had been touting vis-a-vis China may also be a double-edged sword if not tackled adroitly and with some dispatch. Continue reading “Trade Notes: Some Tarnish on “India Shining” Might be an Opportunity”