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Notices
KG
K G Surendran (not verified)
17th January 2014 | 1:01am

We will have to wait for the 2014 general elections for a clearer picture to emerge, if a strong government is voted in then the Indian economy can be expected to take off in a couple of years, but if it is a rickety coalition then India and investors are staring at a dark hole of uncertainty. Indians love gold primarily because of the absence of a good social security system, so from time immemorial they leverage their family gold holdings to tide over good and bad situations, besides it personifying wealth. However, what stymies India's growth story, despite being domestic driven, is its federal structure run by a multi-party polity where ushering in commonsense policy change on the economic and administrative front is a gargantuan task often met with resistance for purely political reasons, since the various political parties are in a 24x7 competitive mode in a marketplace bereft of any rules. However, considering it is a vibrant and noisy democracy, where more often than not rule of law prevails, economic growth will be the winner primarily driven by the education centered entrepreneurial ambitions of its burgeoning population but the road is littered with a series of speed breakers, the kind that we see on Indian roads.