TATA tanker (Photo credit: VinTN)
What Dr Alf and the Economist have identified is a problem with the Indian economy and the inability of the Indian Government to plan ahead properly and regulate corporate practices and their own convoluted decision making processes.
A year ago, Indian business-people were surveyed to identify who they least wished to do business with.
The answer came back as themselves, to the point where they said they preferred doing business with anyone else but themselves.
Those Indian companies which operate globally and the IT/BPO/Software development industry which has to do much of its work in America are not afflicted with this sort of malaise and the same applies to Tata and Arcelor Mittal steel.
In a country with huge tracts of arable land we have the paradox of people starving whilst others live in regal splendour.
Then, we had the spectacle of the Commonwealth Games, where the facilities remained unfinished until the day of the opening ceremony and the nuclear submarine which caught fire and exploded.
A degree of Tescoisation is necessary to bring discipline into the food chain but also into other sectors of the Indian economy which remain mired in restrictive practices,corruption and are held back by Government Ministers who lack the necessary sense of urgency to deal with the scale of the problem and who as a consequence are creating an Indian brain drain to the West and to America in particular which is doing that country no good at all but is very good for companies like Google and Microsoft who would not be where they are without them.
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