Did you know that if you are dealing with a non psu bank, you are dealing with a foreign owned bank. India registered, oh yes, but foreign owned.
Did you know that airlines will soon be owned by foreign capitalists?
that the retail will soon be opened up for the Marks and Spencer? and the like?
that the black and yellow taxi will be soon eliminated for large taxi companies – which will eventually be owned by the gora?
Indian textiles are today the raw material providers for the gora brands?
Amazing how we will be happy that the intermediary’s exit will be celebrated – the kirana shop will die. Now we will say ‘see it is far cheaper’. Correct. But when you realize that he is your neighbor, the question to ask is what will he do? Well he will (like you) work for a big gora brand.
Slowly we will see the death of the small bank, small brokerage houses, small taxis, …………….and then we will ask ‘why is the aum in the mutual fund industry slipping?’. Hmm hey these were the potential investors and they have been wiped out.
Amazing we will sell out of good companies, so your Hdfc will have 90% held by goras….
What is to be done?
Well, well, nothing. Really nothing.
Accept it. We are happy to let some one else rule us. We are not capable of doing anything on our own….have fun…
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