Monday, November 4, 2013

Agenda for 2014...??

The Sensex hit a new all time high last week.The investors I talk too across the country are still holding 75% stocks at inflated valautions that are still far from breakeven.After factoring in inflation the Sensex is still down 12%.And I am not even talking about the midcaps,smallcap etc
The RBI Governor has injected a sense of focus on the economic barometers that he wishes to tackle and has had a positive affect.The Quarterly numbers have been better than expected.PSU Banks that got beaten down ralled 2-3% and so did the Nifty.
This rally in Indian equities have again brought out the "experts" from the woodwork and I heard someone predict that the BJP led coalition victory in 2014 elections was factored in...!!
Does anyone know what the agenda of the BJP for 2014 is or will be?
Will they want to build a 'Ram'Mandir at Ayodya?
Will they give a stipend to all the priest,mahants,holy men in the country?
Will they go around building giant sized statues of their ideological ancestors?
I mean,in a country with the highest infact mortality rate,starving people,people below poverty line,people without homes and not counting those victims of myriad Cyclones,storms,floods,droughts.
And the 'would be' Prime Minister wants to build the world's highest statue of one of India's founding fathers...!!Is that the agenda?
Its shocking that the industrial policy has not been defined other that to say that the 'Gujarat Model' will be followed which means land given to industry at cheap rates to create jobs without counting environmental cost or the loss in agricultural acreage.
It was the same party's government that handed over terrorists after the Air India hijack at Kabul.Can they be tough on border issues with China or Pakistan?
Do they have the statesman or the leaders with experience to deal with a country of diverse cultures frustrated by corruption,apathy,ineptitude.Bad roads,poor electricity,high food prices.Its a real tower of Babel.
Right now it is tough to figure out the way the dice will roll.I for one am pessimistic that even after the elections the situation may not change and if it does it will have more to the Global factors than any inherent measures by measly politicians.
Will we be able to change the leaders who quibble over flood relief measures,throw chairs in Parliament,browbeat citizens,grab government grants for individual favours.
The danger from terrorists,Pak army,floods,cyclones is much less than these greedy 'self appointed'guardians of Indian morality...!!
Will they change after the 2014 Elections?
Me thinks NOT.

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