THE REAL INDIAN ECONOMY

A stark contrast to the last general elections in 2004, Election 09 lacks the punch, the issues, the guidance. This election's pace & issues had been decided long back, if i may say in Oct 08, when the global downturn started showing its true colours. The'Aam Admin Ke Saath' pitch ( or branding strategy) began to die & the reality began to show us its ugly , yet true side. And yet the government of the day choose to ignore it. With Biggies like , Monty, Pc & the good ol' Doctor himself, we still don't see this downturn affecting us.. I would request all the folks who say that the mood on the streets is calm to go around & see for themselves, rather than their cronies giving them Second hand reports.

Today's Young India is a confident lot, in some cases like the MBA colleges i am trying to pitch for, over confident. Students are still dreaming about paychecks of Half million & upward salaries. Still the market is not in a mood to oblige. Many B- schools have got a placement percentage that is less than 50% of the last year . Most have still got almost 50-80% of the batch to be placed. What kind of progress are we talking about.

Spoke to an analyst at a big I-Bank. The mood there was also negative in nature. He did not even shy away from saying that the share market will see 20K plus only in 2015.

And what kind of progress are we talking about.

GDP numbers in the range of 8-9.5 % have slipped to 6.5-7% and still expected to fall below 6%, what kind of progress are we talking about.

*Please note that the author is no economics doctorate, but then one doen't need to be a Doctorate to see the signs on the street.