Thursday, May 31, 2012

Unpleasant Monsoon in Politics & Unstable Economic Scenario Grapple India’s Growth Story


Unpleasant Monsoon in Politics & Unstable Economic Scenario Grapple India’s Growth Story
LK Advani Fumes at Nitin Gadakari, Naveen Patnaik feels uncomfortable, The GDP data at a staggering 5.3 percent cripple Political-Economic Growth
Satya Brahma

BJP patriarch L K Advani today is a lonely man & feels ignored by ambitious second generation maverick politicians & surely missing his long-time colleague Atal Bihari Vajpaye who is ill & bede-ridden.  Many see the recent remarks by Advani in his blog slamming the RSS influenced BJP President Nitin Gadkari as the reincarnation of his image in an desparate attempt to exercise his monopoly in the faction-ridden Parivar who termed the present feel in the party is NOT UPBEAT.
In politics, we all know ambition rules over values & BJP has adapted the present state of affairs as the most unfortunate given Modi’s status in post Gordha, Yeddurappa’s political ambitions, Raje Scindhi’s revolt in Rajasthan are ample indications to prove that all is not well in the party.
Meanwhile the Nifty is trading above the 4,900. However, market sentiment continues to remain weak after the latest GDP data showed India’s growth slipping to 5.3 percent, lowest since a decade.
The improvement in the markets could be attributed to the European stocks which opened higher as the markets were looking to stabilize after a tumultuous trading session the prior day, amid concerns about Spain.
Surely BJP’s uneasiness will never be an asset for Congress who is targeted by Anna & the original reformer of Indian Economy Dr Singh is not spared.
Issues are complex, situations are worse, the road ahead looks dim if not black.
The Author is Editor-In-Chief of Indian Affairs & a passionate advocate of free Press.

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