Even Rahul ‘Baba’ Gandhi cannot stop the Country’s progress
Raamdeo Agrawal makes no secret of the fact that he is a “Bhakt” i.e. a die-hard fan of NAMO.
At the same time, he does not fight shy of revealing that he does not have a high opinion about Rahul Gandhi, the scion of the Congress party.
“We are going to be a $10 trillion economy by 2030 .. this journey happens once in the lifetime of any Country … And we have a leader who will take us there,” Raamdeo said.
“And let me tell you this journey will happen even if Rahul Baba is there. Nobody can stop it,” he added with a chuckle, even as the distinguished audience burst out in laughter.
The Country is resilient enough to withstand buffoonery by some leaders who may accidentally come to power, is Raamdeo’s surmise.
— Sanjay Jha (@JhaSanjay) June 5, 2017
cant understand if you bashing Hindutva or making Fun of Rahul Gandhi????
— Straight Talk (@Babaiopine) June 5, 2017
Modi will solve the chaos of 60 years of leaderlessness
“India has the chaos of 60 years of leaderlessness,” Raamdeo said, his eyes welling in tears at the shenanigans of various unscrupulous political which have ruined the Country.
“We have become perennially patient,” he added, his shoulders slumped.
Then, his thoughts strayed to NAMO and he cheered up.
“Now we have a very strict headmaster,” he said.
“You know what happens when a strict principal comes in at school? All the chaos is over,” he added with a toothy smile.
Raamdeo is full of appreciation about the progress made by NAMO on the issue of “ease of doing business“.
“Lots of work has been done and lots of work is under progress. Foreign investors have started appreciating the pace at which the permission of doing business is given. Some of the State Governments are catch-holding the projects and the incentives been given. First time, I am seeing lots of encouragement being given to businessmen who are trying to setup a project in India,” he said.
— Deewan. (@NKDeewan) May 26, 2017
Bumper time for the economy under GST
Raamdeo explained that once the smooth operation of GST starts, it will provide a huge unifying factor for the country and provide ease of doing business for the whole nation.
He emphasized that under GST, tax collections will rise. Today it is about 10.5-11% and will be at least a percentage higher in 12 to 18 months time. This will give the necessary resources to the Government to further build infrastructure up.
End of policy paralysis, transition from ‘Incredible Gujarat’ to ‘Incredible India’
“This is a huge movement and this is a simple thing in the sense that it does not require foreign technology and it does not require foreign capital. It requires Indian material and the need is real. If you are able to broadly deliver on that promise, you can galvanise the entire economy to a different level altogether,” Raamdeo said.
“Something is rumbling, policy paralysis has gone, there is a lot of self respect, there is a lot of self confidence. It is not only incredible Gujarat now, there is incredible all the 29 states. Competitive state development has started. If you do not develop, you may not come back to power. There are a whole lot of good things. Cumulative, there is massive political capital with the ruling part,” he added.
Modi will smash the logjams that keep India in junkyard territory
Raamdeo snorted in disgust at the fact that a Country of the caliber of India is being clubbed with junkyard Countries by the World Economic Forum.
“If anyone can smash the logjams that keep India below Namibia and Azerbaijan in the World Economic Forum’s infrastructure ranking, it’s Modi,” Raamdeo said, his eyes sparkling in defiance.
India is a “super compelling story” and a “no brainer”: Vallabh Bhanshali
Vallabh Bhanshali is equally appreciative of the steps taken by NAMO with regard to the core issues of corruption, black money, digitalisation, GST, bankruptcy law, banking declogging etc.
“Corruption is a big block to Indians and after corruption we have to create ease of doing business and I think growth will follow. So the effort of the government to create that is absolutely fantastic to root out, go after black money, to digitalisation, GST, bankruptcy law, now the banking declogging. Those are equally important, not belittle the corruption free path,” he said.
He added that these efforts will result in double digit growth for the economy.
“The ground reality has started to change for serious. The way economy came back post demonetisation surprised most people and that is continuing. Over the next six months you are going to see earnings improve and you are going to see an investment cycle follow. This investment cycle in every big cycle comes in different forms and different directions so this time also it will be services. It will be startups. It will be small enterprises. It will be infrastructure before it becomes hard core manufacturing. So I can quite confidently say that the in next 12 months we are going to see all of these things,” he said.
“From a long term point of view, India is a super compelling story …. it is a complete nobrainer. Someone who is investing for 10, 15, 20 years, those who are investing in mutual funds and locking money in a systemic SIPs and products like that, there is absolutely no brainer, nothing at all to worry, it is time for action,” Bhanshali emphasized.
Other eminent thinkers join Modi Fan Club and endorse views
Raamdeo Agrawal and Vallabh Bhanshali are not alone in praising NAMO. Other illustrious investors such as Warren Buffett, Prem Watsa, Mark Mobius of Templeton, Hugh Young of Aberdeen, Bruce Flatt of Brookfield, Jamie Dimon of JP Morgan etc are also members of the Modi Fan Club.
Richard Rossow, an expert on USA-India policies, credited NAMO for attracting droves of foreign investors.
“Prime Minister Narendra Modi has personally inspired a high degree of business confidence with his focus on executing important national goals like electrification and financial inclusion, while also initiating new reforms in areas like coal, railways and defense, that are helping open new opportunities to India’s private sector. In addition, his party, the BJP, has been winning recent state elections — underscoring the point that voters are inclined to support these pro-growth policies,” Rossow said.
Even Jim Rogers, who is known to be a staunch critic of Modi, grudgingly praised him for his efforts on GST.
“I am amazed, shocked and stunned on GST … If Modi continues doing stuff like GST, then not just me, everybody has to pay a lot more attention to India,” Jim Rogers said, paying rich tribute to NAMO.
The only disconcerting comment came from Charlie Munger, the Billionaire investor who is also Warren Buffett’s business partner.
“India Is “Grossly Defective With Bunch Of Idiots”, Munger said in his typical dry style. However, it appears he has a different context in mind and is not attacking the policies of Modi.