Thursday, January 30, 2014

Response to Financial Times article title 'Investors put too much faith on Modi turn around'

hi David,

This letter is in response to the Financial Times article title 'Investors put too much faith on Modi turn around' on Financial Times dated January 30th 2014.
Obviously, you seemed to get your view from news from typical English medium of press.  Usually that news is tilted towards the left (you can read communist).
They try to judge Modi by the worst apprehensions of Critics,  Kejriwal (AAP leader &  Delhi chief minister) by his intensions and Rahul ( the congress hopeful) by the looks'. They don’t judge none of them by their deeds.
You need to understand that this English medium press does not reflect the view of the mainstream electorate.
Here are some of the myths that you have carried in your article. 
You are mentioning about the 'alleged development of Gujarat'.  It’s not alleged. It’s real. Out of the many achievements of Modi, two are outstanding: they are uninterrupted electricity and water supply in Gujarat.  When rest of India was growing at 9%, Gujarat was growing on separeate faster track with 13% GDP.
There have been studies by university academics who have conducted the human resource index measurements also (grudgingly - because of leftist  orientation) accept the overall improvement in the living conditions of the people. 
BJP is not a one man ( or one woman) controlled party, it has its own think tank, that will guide the economic policies.  Modi will provide the necessary leadership.
The hype about AAP is unjustified. BJP is a national party with pan-India presence. In the state elections held less than 2 months ago, BJP won 5 out of 6 states. Even in Delhi BJP was the single largest party. 
The English medium press still keeps praising the number 2 party i.e AAP as if it’s a big show stopper. It would be very surprising if AAP wins more than 10 parliamentary seats. 

I do agree with the tile of your article 'Investors put too much faith on Modi turn around'. Its because BJP is business friendly in its policies. 

1 comment:

Arul Krishna Moorthy said...

Received the following prompt response From David Pilling(the author of the FT article) on Jan 31st 2014.


Many thanks. Interesting stuff. D


Best wishes,

David