Investors flee Gandhi's India

CNN ^ | Monday, May 17, 2004 Posted: 3:25 PM EDT (1925 GMT) | Not Provided

[ambrose]

Yet many Freepers are cheering the Congress victory in India!

It boggles the mind!

[tom paine 2]

Answer: Trial Lawyers, EPA, OSHA, and NIMBY

[.cnI redruM]

Exactly! But instead of focusing on the real problems here, we just demonize "Benedict Arnold". No major corporation in their right mind would HQ in the US until tort reform is signed into law.

[.cnI redruM]

Exactly! But instead of focusing on the real problems here, we just demonize "Benedict Arnold". No major corporation in their right mind would HQ in the US until tort reform is signed into law.

[Joe Boucher]

Lifes lessons well learned.
Keep caring.

[KC_for_Freedom]

As far as those idiots out there who cheer a poor India not being a center for outsourcing anymore, just remember that outsourcing will continue, if not to India than to China, the Phillipines, Costa Rica, etc.

Which goes to what I submit, which is that outsourcing has many serious risks. Some of which involve the busines climate of the out country.

[MonroeDNA]

Electing socialists cause markets to fail.

[.cnI redruM]

And some days I believe that this is occurring in the US

http://www.freerepublic.com/focus/f-news/1103855/posts

[headsonpikes]

So are you ready to open an account or what?

Judging from that smooth close, you must be one of them New York City brokers!

;^)

[HaveGunWillTravel]

I was until 911. Back in Chicago now.

[headsonpikes]

'Back in Chicago now'.

You should've been a bluesman!

30 yr Treasury Dec puts in the mid-90s are tempting.

Do you think I should open an account? ;^)

[Tailgunner Joe]

It's all a vast right wing conspiracy.

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‘Rightist forces behind market crash’ - The Communist Party of India said the historic crash of the stock market on Monday was a deliberate attempt on the part of the rightist forces to create a scare after the change of the government at the Centre.

"Earlier, the Sensex had been artificially boosted up. The BJP was trying to create an impression that India is shining. It has been shown in the elections that it was hard from the truth," A B Bardhan, CPI General Secretary, said here.

"We realise the importance and usefulness of the stock market in present day economy but we also understand that there are certain forces who are creating the speculation and hype," he said adding, "We are not at all scared of this and appeal to all those who have any doubts that we are for stability and stable economic growth that helps the poor and not only a section of the rich."

Even on the question of disinvestment the Sensex had reacted in a similar manner and, "We want to tell that there is no reason for any scare and warn that such steps should not be resorted to, to influence the economic policies of the new government."

[.cnI redruM]

Yep, they are intentionally moving their capital away from a legislature that is about to go tax-happy. How insidious!

[MukundP]

Foreign investors constitute 2% of total investment in India industry. even if all pull out...the place will not collapse...In fact if the carpetbaggers get out of this panick that would be good in medium term...
The new government is in no position to reverse the policies of last 14 years...Donot see any reasons for this kind of statements....
The days of India begging around for handout are gone foreever....