India Stock Market And ETFs: Why Value Investors Should Beware

Economic and Financial Leaders of India and the Rupee in 2013

Economic and Financial Leaders of India and the Rupee  

Economic and financial leaders of India in the UPA coalition government in 2013 have been trained in their graduate studies in the UK and USA. They are well educated in the neoclassical economics and the western approach to macroeconomic management based on microeconomic behavior response of business and individuals to policy actions of governments. Macro economy is managed through fiscal and monetary policies and micro response of market participants through policies affecting prices, demand, supply returns, liquidity, risk management, information availability, and rapid transactions to load and unload asset holdings, etc. Institutional structures and underlying value systems play a critical role in both macro and micro responses of consumers, investors, managers, etc.

Does the Indian economic/financial management team have proper policies in place at the present time? What does the condition of the Indian economy and the rupee say about their expertise and use of the same? Are they being too much into being “British economists", "American economists” and not being good and wise "Indian economists" for the Indian economy? Are they applying the wrong models? Are they more into western mind and culture in their economic theory and its application? Is there a mismatch of theory and reality of Indian economic life? Are the Indian consumers, social classes and businesses taking them for a joy ride?

Answers to these questions may be critical to fixing India's economic problems and bringing the Indian economy back on to its long-term sustainable growth trajectory with a stable currency. Who are the leaders we are talking about and their economic education at the top educational and intellectual centers of the world? Here is the list:

Dr. Manmohan Singh, Prime Minister and Minister for Planning,..., Cambridge University and Oxford University, UK.

Mr. P. Chidambaram, Finance Minister, Harvard University, USA.

Dr. Montek Singh Ahluwalia, Deputy Chairman, Planning Commission, Oxford University, UK.

Mr. Kapil Sibal, Minister of Information Technology and Communications and Minister of Law, Harvard University, USA.

 Dr. C. Rangarajan, Chairman, Prime Minister's Advisory Committee, University of Pennsylvania, USA.

Dr. Raghuram Rajan, Chairman-designate, Reserve Bank of India, University of Chicago, USA.

Mr. Jyotiraditya Madavrao Scindia, Minister of Power, Harvard University and Stanford University, USA.

Mr. Sachin Pilot, Minister of Corporate Affairs, University of Pennsylvania, USA.

Mr. Milind Murli Deora, Minister of State for Information Technology and Communications and Shipping, Boston University, USA.

The markets seem to be losing confidence in the team. What do they have to do to regain the confidence to stabilize India's finances and the rupee?