As Pranab Mukherjee resigned from the Government as Finance Minister, our awesome Prime Minister, Man Mohan Singh has decided to take control of his chair. People without common sense are rejoicing and now thinking that MMS will magically restore India’s growth story and put a check on inflation. But the news is bad. All MMS is going to do is sell India to foreign companies, just like he did in 1991.
I’ve often wondered why this government and few literate people think that FDI and letting foreigners put their money in India is the master solution to all the financial problems. What clearly is a ‘failure of administration’ is being fixed through foreign investments. India’s already released the rules for foreign investments. Now, I wonder whether the investors coming here are coming with a social cause in their mind. All the foreign investment isn’t coming here to throw the money at Indians. It’s common sense that they’re coming here to bring back 2 dollars for every dollar they throw at us.
I just wish that the current government goes down. I’d also hope that the Mr. Narendra Modi becomes the next prime minister of India. He seems to be the only hope.