Blogger

My photo
Surat, Gujarat, India
I am a tutor. As a tutor, I like to understand the psyche of each and every child. Analyse each one's strength, weakness and try to reduce his/her weakness. I am a big fan of Warren Buffett & Charlie Munger.

Tuesday, 3 February 2015

Everything falling in its place for Namo

        Not even year elapsed before Narendra Modi came to power but we are seeing lot of positives around the country. President  Barack Obama rightly called him " Man of Action ". He deserves that kind of praise.No one is unaware about his journey from tea vendor to Prime Minister of the country.Even after becoming PM, he hardly sleeps for 3 hours a day.Let us now highlight the positives that took place in the country after he became PM although he may not be responsible for all the good things.

  • Many people around are saying that Modi came to power and oil prices fell. Both these events  were just random.Falling of oil prices were due to shale boom that took place in US and at the same time demand of oil from major economies fell. Supply increased and demand also reduced. So the basic law of  Economics worked not the magic of Modi.
  • Inflation came under control after superior efforts of our RBI governor Raghuram Rajan who once quoted " He wanted to break the backbone of inflation ". Modi is very lucky in the sense he has got Raghuram Rajan as the Governor , the man who predicted in 2005 itself that US is heading for a crisis and that actually happened in 2008.
  • Although Narendra Modi should be given credit for changing the perception of the world towards India.Everyone from Oz  PM to US President Barrack Obama is praising Modi which in turn has improved the sentiment of business fraternity around the world. CEOs of the companies around the world met PM Modi. From Mark Zuckerbeg of Facebook to  Satya Nadella of Microsoft. 
  • Leaders of the world showed interest and visited India. From Jia Bao of China to Barack Obama of US who became the first president of US to visit India on the occasion of Republic Day.Even Modi was given grand welcome when he visited Australia and US.
  • SENSEX the benchmark index also rose from 15000 to 29000 and Nifty breaking 8800 mark.
  • Various intiatives Narendra Modi took till now included : Swachh Bharat Abhiyan , Digital Intiative , Clean Ganga Project , Online Portal for giving nod to the projects.
On the economic front as well World Bank predicted India to surpass China as far as growth rate is concerned in the next year. Although comparing India with China is baseless because they dont have similar base with respect to the economy China 10.4 trillion dollar economy while India mere 1.8 trillion dollar economy.But still getting past China even in terms of growth rate will be a milestone for India. For this Modi can be given credit to that extent he has changed the perception of business fraternity.Business houses always possessed billions of dollars cash but they never were convinced about investing in India.Now with Modi they can see the ray of hope.

          The first test of PM Modi will be in Feb when Arun Jaitley will present the budget.Now time will tell whether  Modi will be  able to transform the expectations built around into reality.

No comments:

Post a Comment