India - Investment paradise for the stupid and the blind, and those gambling with OPM

 Stupid people will never admit their stupidity. That is why they say 'stupidity has no cure'. How to cure when they do not admit that they are stupid in the first place? It is just like a person who is very fragile and weak with a mental incapacity, yet claims he is healthy, robost and in good mental shape to lead the country. It is a disaster waiting to happen for the country. You know what I mean?

India is trying to do Foreign Companies in in India. Not just to Chinese companies, but to Taiwanese companies like Wistron and Foxconn. Wistron had to sell off their iPhone assembling business in India to Tata. Foxconn realised it cannot remain in the joint venture with Vedanta, knowing it will be swallowed up once the venture is successful. Both followed Apple to invest in India, but got burnt badly. Apple is stuck between a rock and a hard place and retreating from India is a great loss of face and a dent on its ego.

This is the Indian way of doing business, using foreign investments to grow ventures to be taken over by their own domestic entities if successful. Are these not lessons enough for them to get out of their stupidity? The Adani Group, that grew to such a size, used the same modus operandi, helped by the Modi Government to acquire successfully ports and every big venture in India.

Why are investors still stupidly dumping money into India, after watching all this is a mystery? All the time it is just gloating and salivating about the Indian market, as if consumer size will grow overnight with population growth alone. There is more to it than population growth to have a huge consumer market like China. The first criteria is eradication of poverty followed by job creation, which can only come with manufacturing. Killing the goose that is going to lay the golden eggs for India via manufacturing is not the way forward.

We just have to take the EU countries that are just following blindly the dictates of the USA to harm themselves as a perfect example. Who in his right mind would do that? We can call that stupidity in every sense of the word, destroying their own economy with de-industrialisation, but they think they are doing the right thing to cut their own noses to spite their faces. There is a hidden time bomb waiting to explode in the EU going forward, but they are just keeping a lid on it by banning protest as in France, and also in USA, Canada and the UK. It just needed a spark to ignite and no amount of banning can stop it.

Anonymous