Finally the confusion is over, Barack Obama will be the new US president and the most powerful personality on this planet atleast for 4 yrs to come!! Love him or hate him, but one has to bear him. So what does it imply for India Inc.? for India Politics Inc.?? The questions are many and answers still many. One thing is for sure that the new president cant afford to ignore the mighty strength of the insurgent India. Mr. President for whatever reasons will be a good friend of India but the extent to which India benefits from this relationship needs to be seen...because the devil lies in the details. Although Bush administration was a global failure, it was big success for India..arguably the best US government so far for India. Apart from the Nuclear Pact, it was the Bush administration that in the name of countering terrorism, forced Pakistan to check the rampant terrorist activity on its soil. Bush administration took India-US relations to new heights.
It is quite evident that the current economic conditions will force Obama to adopt short term protectionist business policies in order to enable US Inc. to tide over the current recessionary pressures and also fight unemployment. Also more stricter regulations are in the offing. Indian companies dependent on US for business may suffer in the short term with uncertainty in the long term. Outsourcing will become the culprit once more and some regulations against it are also in the offing. but the finer print will decide the final implications.
For the time being, India Inc. should adopt a wait and watch policy, as even the Indian government will oppose any regulation that might threaten indian industries.
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lets c...lets wait n watch...discussion will continue...
ReplyDeletehey true, but I think Obama is way deeper that what is percieved by many, lets wait and watch
ReplyDeleteAs far as Presidency is concerned Bill is always my favorite. He was the one who actually set up the sound plateform for Indo-Us relations. And not only that he set high new standards for US.
ReplyDeleteEven though Obama is considered to be a bit conservative, but the morcha against Outsourcing still seem a distant reality.
To me it seems a choice of "Saving Jobs" Vs "Saving Competitive Advantage",and the later is always a favourite for business to run in long term.
Lets see if Obama can look for a middle path........
Future hold the answers to it in its lap.........
India INC. doesnt seem to hold the same views as u do...a little more detail n explanation on everything u say will make this good enuf for a newspaper
ReplyDeletehey its sure wait n watch for us policies but certainly its not wait n watch for indian industries. many indian industries are still doin good despite of the current scenarios which shows that india inc has the capabilities for growth and insulating itself from the global meltdown, in such a case obama's policies wont have negative effects on india inc
ReplyDeleteIf talking were as easy as doing, then I think the world would have changed by now.
ReplyDeleteHe will try to pursue his agenda for sure but the real threats will then determine their success rate.
Recession is a temporary phenomena. Many more things are about to come. So lets stop making conclusions and move ahead with the good relations which you rightly said have been made in the time of Bush administration.