Indian Politicians + Bureaucrats Let Growth Opportunities Down the Drain

As we lay to rest the problems in Eurozone, of course temporarily, we would like to give more detail and colour on Political Deadlock in Delhi and how it is hurting the Indian economy.

How much ever FM Pranab Mukherjee may try to shield his Government in the Press, the Fact is policymaking mechanism in Delhi has now remained jammed for more than a year. There is political infighting within both the main political parties in New Delhi. Hence trust is in short supply and even senior political figures don’t know quite what is going on. The Congress leader’s illness has created a vacuum and thereby raised the political stakes for everyone else.

Going Gets Tough for Corrupt Business Houses like Reliance and others involved in Great Indian Scams because investigations has resulted in the unwritten “contract” between the political and business classes being suspended. As a result neither side now knows how to get things done. Bureaucrats are reluctant to take any decisions for fear of restrospective investigations.

Political Analysts across the Length and Breadth of the Country are talking about BJP trying to evaluate the mood of the people before moving a no confidence motion and eventually pulling down the Government headed by a Weak Prime Minister. All in All, it is a fantastic Growth Opportunity messed by Politicians across all parties and Corrupt Bureaucrats.