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Friday, October 30, 2015

Moody’s to Modi: Save India from becoming Langda India

If Prime Minister Modi does not speak up on the issue and stop the extremists of his party members to run over him, he will make India, a Langda India. That is a limping India.

A solid India stands on two firm legs; 1) Prosperity and 2) Social Cohesion.

Prosperity is creating jobs, raising income levels, pulling the ones in ditches onto a level playing field to build a larger Middle class and create an expanded consumer base, whose consumption will create jobs and the economy will multiply and the standards of living will go up. The more people do well, the better the nation does.  Modi is talking big about it and we can give him two years to produce results.

Social Cohesion on the other hand is like human body cohesion - heart, brain, kidneys, liver, vision, nose, tongue, touch, hearing, and the flow of blood, breathing and all parts of the body need to function cohesively to be normal. One failure can cause the whole thing to fail or make the body ineffective. If you think the discharge part of the body is less important, wait till it stops, it will cause the whole or part of the body to malfunction.  Like wise, all people have to function well, and it is in the interest of the body that it makes up the deficiencies, so we as humans, as Indians have to meet those deficiencies in fellow Indians.

Those of you who are blinded by the love for Mr. Modi, I appeal to you to look for greater love for the nation. Modis will come and go, but the Nation will continue. I am challenging your patriotism, none of us want India to go down, so let our loyalty be to India and not Modi, until he proves that he can keep these two functions in shape, I will hold my praise for him, will you?

I don't want my India to be a Langda India, neither do you? If we all wake up and criticize Mr. Modi, guess what will happen? He will be compelled to do the right thing. Don't you want that? 

Arise, awake, and stop not till the goal is reached
. Swami Vivekananda must have meant this for us in 2015 and 2016.


Mike Ghouse 

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Moody’s to Modi: Keep BJP members in check or risk losing credibility

Moody’s Analytics said in a report that the Narendra Modi government has not helped itself in recent times with controversial comments from various BJP members. File photo

Moody’s Analytics, the economic research and analysis division of Moody’s Corporation, is the first major global institution to comment on the recent political controversies in India.

Referring to the “ethnic tensions” in the wake of controversies over beef and other issues, Moody’s on Friday said that Prime Minister Narendra Modi must keep the BJP members in check or risk “losing domestic and global credibility”.
Stating that the BJP does not have a majority in the Rajya Sabha to pass crucial reforms and the Opposition was being “obstructionist”, Moody’s Analytics said in a report that the government has also not helped itself in recent times with controversial comments from various BJP members.
“While Modi has largely distanced himself from the nationalist jibes, the belligerent provocation of various Indian minorities has raised ethnic tensions.
“Along with a possible increase in violence, the government will face stiffer opposition in the upper house as debate turns away from economic policy.
“Modi must keep his members in check or risk losing domestic and global credibility,” the report said.
The comments from Moody’s Analytics, the economic research and analysis division of Moody’s Corporation, are the first by any major global institution over the recent political controversies in India.
Moody’s Analytics, however, said “its commentary is independent and does not reflect the opinions of Moody’s Investors Service, the credit ratings agency which is also a subsidiary of Moody’s Corporation”.
The report titled “India Outlook: Searching for Potential” further said that the ongoing Assembly elections in Bihar could “prove pivotal to Modi’s leadership”.
“The BJP is not the incumbent (in Bihar), so a win here would help secure an upper house majority... Overall, it is unclear whether India can deliver the promised reforms and hit its growth potential. Undoubtedly, numerous political outcomes will dictate the extent of success,” it added.
Moody’s projected India’s GDP growth for September quarter at 7.3 per cent, while for the full fiscal it would be 7.6 per cent.
It, however, cautioned that Indian equities have also suffered from a loss in domestic sentiments and the failure to deliver on key reforms has faded the optimism.

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