2019 finished with lots of Indian critics slamming the economic performance of India. But the reality is shown in this Economic Times review of global investor interest – India is still an attractive investment on the rise, despite the critics.
Author: Stephen Manallack
Former President, Australia India Business Council, Victoria and Author, You Can Communicate; Riding the Elephant; Soft Skills for a Flat World (published by Tata McGraw-Hill INDIA); Communicating Your Personal Brand.
Director, EastWest Academy Pty Ltd and Trainer/Speaker/Mentor in Leadership, Communication and Cross Cultural Communication.
Passionate campaigner for closer western relations with India.
Stephen Manallack is a specialist on “Doing Business with India” and advisor/trainer on “Cross-Cultural Understanding”. He is a Director of EastWest Academy Pty Ltd which provides strategic advice and counsel regarding business relations with India.
A regular speaker in India on leadership and global communication, his most recent speaking tour included a speech to students of the elite Indian university, Amity University, in Noida. He also spoke at a major Federation of Indian Chambers of Commerce and Industry (FICCI) global summit, the PR Consultants Association of India in Delhi, the Symbiosis University in Pune and Cross-Cultural Training for Sundaram Business Services in Chennai. He has visited India on business missions on 10 occasions and led three major trade missions there. He provides cross-cultural training – Asia and the west.
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Into India 
Well, if you have understood the critics, they will agree with the report. India’s economical condition is criticized for the same reason , rich is getting richer and the poor or middle class is getting poorer. Increased investments in corporate bonds doesn’t necessarily translate to economy improvisation of a nation.
There is nothing to cherish about $30b investments in high yield bonds which have lower credit rating. Since they have lower credit ratings, there is a higher risk of default by the corporate issuers. To entice investors to buy the bonds, these bonds pay a higher rate of interest.
If you again read the article (or even the heading), it’s not the improved economy of India but the lack of global liquidity and drop in global liquidity which made this possible.
Unemployment at peak in the last 45 years, lowest recorded GDP since recession, regional protests and violence at peak, poor implementation of GST – I don’t see India’s economy booming !!
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