Skip to main content

Modinomics: Namo, Namo!

Namo, Namo! It has become equivalent of Namaste in some sections of Indian society during these election times. Namo = Narendra Modi. After long time (nearly 20 years), one person has captured imagination, hope (and hatred on other side of aisle) in Indian politics. This reminds me US elections in 2008 when Obama ran for President. Every 5 years, there is biggest show on earth called Indian Elections when nearly 1 in 8 person on earth (815 million) have right o cast their vote and decide future of one of the most important country on earth. And the show normally carries on peacefully and reflects mood of country and generally create a viable government. Despite so much illiteracy, Indian voter have shown such level of maturity and intelligence which sometimes is missing in many developed countries. The elections which would start on Apr 7 wold finish by May 12 and counting would happen by May 16. By morning of May 17, most of the results would be out and next government formation would start.
I am strong supporter of Modi and BJP and they deserve at least one shot at central government after 10 years in opposition. My support is mainly due to development record Modi and other BJP governments have demonstrated at state levels. While BJP brings strong Hindu undercurrent, this election is all about effective government to enable development. India lost critical 5 years of sup-par growth and rampant inflation, corruption under current government. Current PM Dr. Manmohan Singh was completely in-effective in providing anything to people of India. In contrast Modi's authoritative/corporate style government is what India needs and deserves. I like the slogans "toilets first, temples later" because that's what India needs in 21st century. For last 60+ years, India could not provide basic amenities to her people due to ineffective governance. Time has come to change that.
Unfortunately western press (read Economist, WSJ and so on) is biased against Modi and BJP. In particular I was disappointed with editorial comment by Economist (I am not renewing my subscription to Economist).
While Modi's economic policy is not formally published yet, if his government just follows what he had done in Gujrat and repeat it across India, it could reap great returns and could be called as "Modinomics" similar to Japan's "Abenomics" and UK's "Thatcherism"
Looking forward to Modi becoming next Prime Minister of India!
Namo, Namo!
/Shyam



Comments

Post a Comment

Popular posts from this blog

Clicks to Tokens: Will 2026 Echo 1998's Boom or 2000's Bust?

My "blogging" was in hibernation last 8 months due to my self-imposed restraint given the environment as well as built-in inertia to get started despite so many interesting events and markets reaching all time highs after taking a big dump around "Liberation Day" in Apr...Around that time I had the blog ready that it would be repeat of Mar/Apr 2020 panic and recovery during onset of Covid Pandemic. The hunch happened to be correct and I was glad that I could keep and take some positions which I am still holding especially around AI theme. But that was then...as 2025 is about to wrap up in 10+ weeks, let's look at what's in store for rest of 2025 and 2026. And what's better time than to start writing again just before one of the most important week on the calendar with multiple key events coming up next week... Fed meeting to decide the course of interest rates - it's almost guaranteed that Fed will cut rates by 25 basis points (2nd time in 2025) and...
Post a Comment
Read more

2026: The Year of Convergence – Melt-up, Moonshots, or Mid-cycle Correction?

Happy New Year! After another period of self-imposed hibernation from the blog—partly due to the festivals, travel, intertia and partly to watch the dust settle on a chaotic 2025—I decided to use the quiet of this New Year’s morning to finally reboot.  Looking back at my October post,  “Clicks to Tokens,”  the hunch about the AI theme held firm. We spent much of 2025 debating whether we were in 1998 or 2000. As we enter 2026, the answer seems to be "neither and both." We have the roaring optimism of the 1920s fueled by "Silicon Spirits," but with the high-speed volatility of the 2020s. So, as the calendar flips, what is in store for 2026? Markets may experience melt-up (S&P touching 8000),  with some moonshots (like SpaceX and OpenAI) IPOs or even see mid-cycle correction bringing down S&P to 6000. That's a wide range and will be decided by Four R's... Here are my thoughts on the " Four R’s ":  Rates, Robots, Rotations, and Real Assets. 1. ...
Post a Comment
Read more

And the Oscar goes to...

It's Oscar Sunday and time for predictions for few categories - before I digress into talking about drama in DC or markets.  First of all, I want to recognize the damage LA fires have done to the beloved areas of Los Angeles and impacted families across all spectrums. My heart goes out to them and wish them recovery and rebuilding of their lives... This year's Oscar nominees and post nomination period had been interesting to say the least. Due to this, the field is wide open in almost all categories and that's what makes prediction game so interesting. Just to set expectations, I would consider a win if I get even 50% predictions correct given the dynamics of nominees this year. So here are my predictions - "And the Oscar goes to..." Best Picture - Anora (surprise could be "The Brutalist") Best Director - Sean Baker for "Anora" (Surprise could be Brady Corbet for "The Brutalist") Best Actor - Adrien Brody for "The Brutalist"...
Post a Comment
Read more