India is the only country in BRICS not toeing the line over de-dollarization. That shows India has divided loyalty and cannot be a trusted member of BRICS. India thinks it is very smart to straddle two boats, thinking that should one boat sink, India is still safe with the other foot still hanging on. India has always been a country that wants the cake and eat it.
When India joins any grouping, its intention is to make sure it can extract an advantage but will not contribute anything in return. That is even clearly evident in attracting investments, that ultimately ends up being swallowed by other local Indian companies. The Indians also thinks this is the smartness of Indians in doing business and that everyone else is stupid. The Indians obviously do not believe in the saying 'once bitten twice shy' and that foreign companies also can see what is happening and learning from it.
Suffice to say, what is the point of destroying one's own credibility by resorting to short term gain at the expense of long-term benefit?
Anonymous
When trust is gone, trying to lure back companies to invest in India is also gone forever. Companies invest to make money, not to make money to be given to the country that they are investing in. Who will be that stupid to do that?
ReplyDeleteTo be more brutal, the money will be stolen if the company is too successful in India, when laws are changed retrospectively or the investor forced to cede control of his company to India's own local conglomerates with ties to the Government.
DeleteThe age old question asking 'Who do you kill first, a snake or an Indian?' is always applicable.
ReplyDeleteAhem, the Indians never steal Singapore investments and companies in India. A case of too good to be true.
ReplyDeleteSingapore never complains and must be making a lot of rupees in India.