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Monday, November 2, 2015

A clarion call to Modi - return to sanity

Thank you RBI governor Raghuram Rajan for telling us that tolerance is essential for progress, and for reminding us to foster "the tradition of debate in an environment of respect and tolerance". 

And now, Narayan Murthy says, the first priority of Modi Sarkar should be, "to bring back the confidence, the energy, the enthusiasm, the trust in the minds of every Indian". "Trust" that their rights and safety would be guaranteed.

This was the same man who tried to get us terrified with the FDI bogey, even as he knew the investment climate was down worldwide in September, 2012. Then he said you can't sell the India story. But FDI increased by 34.7% to $13.6 billion directly after he said this, in just the first half of 2013, and the next year India's GDP crossed the $2-trillion mark. Kiran Mazumdar Shaw, another Modi cheerleader, tweeted in support of Murthy, "Considerable Fear Among Minorities in India".

Well you have your government now, Mr Murthy and Ms Shaw, why aren't you cheering? We warned you about him, but you wouldn't listen. Mr Murthy, of course, is only giving background music to what the Infosys chairman R Seshasayee very bravely said earlier, "The cow has to go out of politics and enter economics since right wing voices are a distraction." R Seshasayee is also vice chairman of the Hinduja Group and of Indusind Bank. I think he was the first big corporate leader to voice such concerns, so bravely and succinctly. Meanwhile, the President has warned us to return to sanity three times this year. A record of sorts in India.

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