Freed Giant Emerges from Chaos

In an article about India’s 61st Independance Day, there is mention of Ratan Tata.

This has been bolstered by “reverse colonisation” as Indian entrepreneurs and businessmen began acquiring landmark western conglomerates, outbidding their more established rivals from developed economies.

In March, Rattan Tata, who heads the US$29 billion (Dh106.43bn) Tata Group, is one such “Indian sahib” who acquired the UK’s sporty Jaguar and rugged Land Rover brands for over $2.3bn.
The 71-year old Parsee, who had earlier bought Tetley’s, a top English tea brand, and Corus, the Anglo-Dutch steelmaker, now owns a car brand that has been the favoured carriage of successive British prime ministers and monarchs. India also clinched a major deal with the United States that would allow it to import nuclear fuel and technology from the west, without signing on to a nuclear-non proliferation treaty.

But the fruits of India’s achievements have not trickled down to the vast majority of India’s 1.2bn people, more than 900 million of whom live on less than $3 a day.

Read entire article here.

  • siloo Kapadia

    India is very similar to China. Both are huge, Asian, and largely poor. The difference is that China is not a democracy so they can push their reforms through with the force of steel. India is a democracy so we cannot.

    Then again, there are things we can learn. We must be more open to foreign investment and can learn from China in that sense. Also allow more skilled labor to immigrate to India. For them, make Indian permanenet residency and citizenship easier to obtain.

    Also forge more alliances in Asia. That is where the future lies. Have more tourism promotions to get more other Asians to visit India and vice versa. Have more cultural exchanges. Unfortunately, for too many Asian countries, Asia ends with Myanmar. Let us all do our best to change that concept.

    Asia is a rich continent in many ways, and we Indians should try our best to be better integrated.