bearsfullofbull

Mumbai Terrorism Clouds Templeton's 'Buy India' Call

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History tells us that a government under the control and direction of religious extremists is not necessarily unfriendly to private capital (e.g. Iran and Sudan).
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You didn't have to go to Iran and Sudan for examples. India was under BJP-led government (party of religious extremists as you might be defining them) before and they were plenty friendly to business climate.

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right-wing Hindu entities will be no smooth business-friendly transition by any means, since it will be met by a sharp spike in separatist activity, by more militancy in the countryside and, most importantly, by a steady spate of deadly terrorism from indigenous or foreign Islamic radicals.
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Do you live in India or know anything about the recent history of India? If you did, you would know that the recent incident in Mumbai is by far the worst act of terrorism in India and it happened under the watch of the so-called "secular" party in power currently. Most of the other disruptive activities that you describe have only gotten worse during the current administration, not better, since they came to power after BJP-led coalition lost elections. What then makes you predict that it will get worse if a right-wing party comes in power next year. What is your historical basis? I would have guessed that without the weight of the Marxists fighting any kind of further liberalization, a new government will be indeed *more* business-friendly that less.....

SPX: Flat for the Year

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