Global Trend - Indian Fears!!!

"China is down four per cent, Japan is down 4.5 per cent, Singapore is down four per cent, Hong Kong is down 6.5 per cent and Korea is down four per cent." This is how the world stock market is yesterday and today. Our Indian Stock Market also bore the brunt of this worldwide mayhem. Though this is a worldwide trend especially in developing countries, we are much worried than the others and there are several reasons to this. One very important reason for our fear is we do not have clear policies that can control any kind of chaotic situation this is because of our political system. We do not have a government with independence to decide on some key policies that will save us from economical disasters. The reason for this, our political parties are not bothered about our long term goals and the need for policies with a future vision. Afterall we have Commy puppets who act on the orders of the Great Wall country and they are current govts major ally. The other reason I would say is we are relatively new to this kind of a Global Economy. When India really started going global we were hit by the 9/11 and post 9/11 economic disaster because our globalisation just started then and it got initiated with USA. We have come across a long way and now we have broader economic ties beyond USA. Many talk and feel proud about the growth that we have attained but we fail to introspect what we have not done to sustain this growth.

I am sure our markets will come out of this situation as this is not something local and when others recover we also will. But we should think about being a global economy with stronger internal/international policies and we should capitalize the growth properly and utilize this growth in building a strong nation. Unless we do that, not only foreign investors we ourselfs will not have confidence in our market/growth. If any one has any questions about our resources to build such policies/nation, I can just give you two names as examples for our rich resources Dr.Manmohan Singh and P.Chidambaram isnt this enough?