Investing there is not that simple. It is built on nepotism and family connections. Because of this the loans are given freely to Cos with fly structure. From time to time the fly declares a Co. Bankrupt with connivance of the Bank. Pl check their ever increasing default loan lists and who got what. In addition check how many start up including Airlines have gone under.
The latest scam is to denationalize the railways, Oil and Power . In scam 1 these will be undersold to buyers with connections.The buyers in turn will draw on loans from the Bank and Foreigners thru Bonds. They then go Bankrupt in scam 2 whilst selling the undervalued assets to a sister Co with the Bank playing ball.The sister Co now gets the assets , The Bank, the loss and the original owners the public get a pittance. So goes the merry go round.
BBC had a clip. Did you see INFY chief with the PM and President. The rumor is that the patents in those Terrabytes of scientific papers discovered will not be sold but will be only be licenced thru INFY.
This is one of the biggest science finds in History championed by his party. They believe they will be restored as the greatest civilisation that ever lived on planet earth. Could that be the reason the President went to India.?.
That country recently had a science Congress. They said they had discovered stacks of Scientific papers that their ancestors had used to make super alloys, Rockets, Fission & Nuclear Energy, Semi Conductors, teleporting , Computers and Surgery. They hinted INFY could be the lead firm for translating these documents which are in Terra bytes + figures/drawings and that this would be the
basis of their new program Make in India. They even had a huge model of the worlds first hypersonic Train on display for the President.
Could be our President got us access to these very precious patents which would then be wonderful news for us and MT. Unfortunately details of the process and news are being kept under tight wraps.