Misery Called Life
Early days yet, but investors can rejoice.The outdated communists, the communal all have been delivered a crushing blow. It's almost a certainty that Dr. Manmohan Singh will be back as PM. Rahul Gandhi will probably be included in the cabinet. That's enough to send stocks soaring. This should be a profitable and an interesting phase for the markets
This is also a victory for secularism. As for yet another term parties inciting communal tensions and violence have been shunted out.
This time round the verdict was far more telling.
Fellow investors with a stake in the Indian markets, this is the best verdict possible. Let the celebrations begin!
Implications for the UAE? I would think that the current leadership in UAE has excellent relations with the Indian Congress. Bilateral Trade between the two countries will get a tremendous boost . Expect Indian lobbyists here to get even more powerful. It's estimated that trade between the two countries should exceed $25 Billion on a yearly basis.
On the flip side India seems to be embracing dynastic politics, with second generation politicians winning so comprehensively. These inflated egos could be detrimental for India in the long run.
Hey but I'm an investor, as long as the markets respond positively.
Moral of the Story:- Italian women, Boy O boy are they something!