Byapaar.com – The Indian Business Blog

First of all, I would like to beg your pardon for not updating this blog for so long. It has been quite a long story – but in short “Politics” kept me pre-occupied for close to two months.

From declaration of Indian General Election to announcement of results and till the full Central Ministry formation – I got soaked into Indian national politics.

Some of my regular readers might wonder what do I have to do with politics as I work in a school! Well, here is my clarification:

I work in a semi-government school which means – all the expenditures of the school is borne by the government and we enjoy all the benefit of a government employee. But our school administration is run by a Managing Committee whereas that of a fully government school is run by the School Education department of the government. We can also participate into active politics unlike government employees who are forbidden to participate in active politics. For being involved with a particular political party- we don’t have to put in any declaration or resignation papers.

Under the circumstances, I joined Bharatiya Janata Party (BJP) just one month before election. Being a teacher does help a great deal in politics as I was immediately given the post of Vice-President in our Mondol Committee (state assembly segment level). So I had to get involved into high-voltage election campaigns. My responsibity was more as the Member of Parliament (MP) candidate from our party comes from same village – barely few hundred meters far from my house.

I am not here to justify BJP policies – but I must say that I had no option but to join them. In our state Congress (I) is in total organizational disarray, and I can never ever join in the Communist Party of India (Marxist) or CPI(M) – as they are totally non-communist in practice. They are more bourgeoisie than even hardcore Capitalist of USA. To be frank – they are communist just by name – in practice all those big capitalist captains of the west would pale before them.

BJP is still in a nascent stage in my state – so I can join them and try to influence them. That has been my rationale.

Let forget it now – for the time being. My heartiest congratulation goes to the United Progressive Alliance (UPA) for the decisive mandate they got. I look forward to them taking the economic reforms forward with more human touch so that all poor of India benefit from the economic boom the county has been witnessing for more than one decade now.

The business communities and investors across boundaries have also been rejoicing for the way Indians have shown a decisive mandate for the UPA and the way they discarded the problematic, out-of-date ideas of the present Left Front. The UPA win taste much sweeter as they got the mandate after literally demolishing the ever opportunistic and negative politics of the Left parties. The election has thrown a big question over survival of the Left politics in India. The sooner they are extinct, the better for Indian poor and deprived people. Because their politics is that of keeping people hungry for want of government help– so that they are forced to join them which tantamount to deception.

The mood of the Indian business and investment community can be seen in the way they stock market has responded. The main market sentiment indicator “Bombay Stock Exchange Sensitive Index (BSE SENSEX) has gained more than 5,000 points since the election result was announced. In between, the Reserve Bank of India also announced that – Indian economy (Gross Domestic Product or GDP) has grown by 5.8 percent during last financial year (2008-2009). It is a big decrease from the previous year – but still very good considering the financial turmoil that has engulfed the world during last year when most big economies saw negative growth of their GDP.

The international business communities have also shown positive responses over the outlook of Indian economy. Recently, renowned international credit rating agency has given Indian economy a “STABLE” status. It seems other agencies will soon bring out their ratings and by all indications they will move in the positive directions instead of negative directions.

That’s for today now. I have serious plans to resume my regular online routine very soon. So “HANG ON” friends –more posts with mix of Indian business and politics will follow on the blog on regular basis.