Today's Indian politics- how much is it effecting business

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KaranL
Posts: 105
Joined: Wed Feb 06, 2013 2:27 pm

Re: Today's Indian politics- how much is it effecting business

#1 Postby KaranL » Thu Mar 21, 2013 10:19 am

Yes ! I agree with this question that Govt. is not in majority and parties are trying to put maximum advantage for themselves .. which has resulted in slowdown of business environment ..
Also there are many live examples which showcase the same . For e.g.-

1) FDI in multi-brand retail is delayed ..
2) FII has been reduced ..
3) Talking about facts , Real GDP growth which was 9.6 % in 2010 has been reduced to 4.4% in 2012 (source: Unidow -Indian economy outlook)

Also there are many other economic issues , which has effected business environment ..
The good news over here is that World Bank President Jim Kong Kim has made a statement that world bank will invest 3-5 Billion $ annually in India for next 4 years to improve the economic condition ..

The solution, we can come up out this crisis in economic situation includes :

1) Brain Drain should be reduced , let India get the growth by the visionaries of IIM'S GRADUATES AND IITians .
2) Corruption should be reduced .
3) Inflation should be at the minimum levels
4) Strong Business laws should be implemented , like GST .

Other than this, the Politicians should not work for the upliftment of their party but they should work for upliftment of Country ..

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avinash
Posts: 72
Joined: Sat Nov 03, 2012 12:01 pm

Re: Today's Indian politics- how much is it effecting business

#2 Postby avinash » Thu Mar 21, 2013 10:02 am

Indian politics is effecting the business a lot.. conducting business here can be impossible without understanding the social and political dynamics of the country.

Specially multinational corporations, whenever they show interest in investing in the country, one of the first roadblocks they face is politics issues that claim to fight for the interests of the people.
-Take an example of Walmart, political parties have created a lot of problems for their entry even after Walmart has tie ups with major leader of India.
-Tata Nano plant in Singur., was shut down by local political parties.

There are state governments that have more influence than the central.. they have the power to influence the decision of central..

Thus it effects the business ..

archit
Posts: 144
Joined: Thu Dec 13, 2012 4:25 pm

Re: Today's Indian politics- how much is it effecting business

#3 Postby archit » Thu Mar 21, 2013 7:12 am

Political instability is not healthy for any country's business because it sends negative signals to global investor. In Indian Economy lot of investment comes from FDI and FII due to this instability investor become reluctant in making investments because due to change in government policies might change and instead of making money they will loose it.
But India is democratic country where we have absolute freedom for any Tom, Dick, Harry to become politician and when any one and every one enters in politics they look for personal interest and not for interest of the nation.

This is such an irony that to run a MNC one should be highly qualified, to run judiciary and administration best brains in country are selected BUT to run country no qualification is needed.

The only way to rectify this problem is to select right candidates who has brains and would place country's interest before personal interest. Very difficult but not impossible.

Kalpit
Posts: 145
Joined: Mon Feb 11, 2013 3:52 pm

Today's Indian politics- how much is it effecting business

#4 Postby Kalpit » Wed Mar 20, 2013 9:27 pm

Today India is passing through a very tough phase in the sense that the govt is not in majority to take any decision. All the parties are trying to pull to get max advantage for themselves. So seeing the current scenerio how much is effecting the current business environment and if any solution we can suggest.


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