Wake Up Dude!

Just recall the pre British era, our country was known as “sone ki chidya” (golden bird), why? Cos of many reasons including our immense wealth in terms of gold and diamond.Then came the Britishers and exploited us so badly that we still feel the pangs of suffering. Not only they drained our wealth but also played the heinous politics of dividing the society on various sectarian grounds. Now when we have managed to gain momentum on all front right from economic to political, the world is again looking towards us. When the global economy is finding it hard to recover from the worst ever recession and the pseudo economic power U.S. is reeling under severe financial crunch and unemployment the India is indeed shining. The economic activity simply seems to shift from us and Europe to Asia with two giants’ viz. India and china, roaring like never before. Sudden interest of U.S. in Indian economy and Obama visit to India should be analyzed critically. I think ‘All is not well “bhaiya….let me jot down few of my observations. 1. During his speech at the US-India Business and Entrepreneurship Summit held at the Trident Hotel in Mumbai on Saturday evening, Obama made it clear that America is keen on increasing commerce and business with India through trade and strategic investments. He said strategic investment not capital investment. 2. He also announced that 20 business deals worth $10 billion have been sealed with India. These deals, including the sale of Boeing aircraft to Spice Jet and General Electric engines for India's Aeronautical Development Agency (ADA), are expected to generate 54,000 jobs in America. Obviously he is concerned about the unemployment back home in America. So, both the deals are more pro America which is not equally or uniquely positioned for India. 3. While addressing the issue of American companies arriving in India. "Many see the arrival of American companies as a threat to small shopkeepers in India, however, it's a stereotype," he added. Describing India's middle class as the largest on the planet, Obama said that the US sees India as the market of the future. So they are targeting India as a market and there is nothing wrong in this but what is there that we are getting out of this? May be Jobs but I don’t agree with technology up gradation part cos Indian companies no more uses obsolete technology. Because they can’t sell their story in China, so obviously India is a soft target for ailing American economy. 4. The USA's exports to Netherlands are more than India even though the population of the country is less than Mumbai alone," he said. Ha, what is the point he is making here? Does he mean India should export more and more from America? But why do we need to do that we can grow and become self reliant? We have resources at our disposal, and then why not utilize them? But what he did not address was the concern of Indian corporate about his protectionist approach towards outsourcing. Just because it’s not in the interest of America he won’t take it up. His whole speech was prepared as if some selfish economist/strategist, who has come to revive his economy, is luring a potential target. I don’t see much positive for Indian economy coming out of his visit. But at least I hope that this should be an eye opener for us who are so obsessed with the western world. Time to look beyond, time to forge strategic alliance with China .I know it’s easier said than done but remember we have no choice if we want to lead the world we have to partner with the best. I bet you that this can be done with right political, diplomatic and economic approach.