FIIS Investments

Dr.T.V.Gopalakrishnan , Mumbai , says: The budget is not attractive for investors in general and FIIS in particular. It has not helped to boost the business confidence as there are lot of irritants and scope for corruption.Nothing substantial in the budget to revive the economy through administartive,legal or financial reforms. Doing business is more complicated with the provision to reopen the cases relating to IT with retrospective effect.Overall the budget is not very imaginative to improve the economy by any measures.
This is in response to an opinion poll relating to FII's investments in ET dated 26/03/12.

Will FIIs' inflows will sustain?

Dr.T.V.Gopalakrishnan , Mumbai , says: Yes. High FII inflows will sustain in the calendar year just for the reason that the economic growth will be around 7% despite all the constraints and it is attractive. Once the elections are over and the political stability returns,the economy can perform well.Inflation will be brought under control by March 2012 and the budget is expected to be investment and production oriented as the Govt has no other alternative but to bring fiscal deficit under control.The climate is very conducive for FIIs to continue to invest in Indian market by any reckoning.
30 Jan 2012, 1759 hrs IST

(This appearted et ET dated 30/01/12)

Neglect of the Economy by the Government

This refers to your editorial politics playing spoilsport which is very apt and timely. The very fact that the economy is not progressing well despite the presence of several positive factors like favourable demographic dividend, talented and worldly recognised scientists, economists, bankers,IT strength and abundant natural resources,etc is a matter to be seriously debated and accounted for by our politicians and bureacrats. The economy needs to be run by professionals and politians should keep for themselves administration and social welfare bereft of corruption of course. The present international scenario is an ideal opportunity to attract both FII and FDI investments as India is perhaps one of the emerging economies whose fundamentals continue to remain strong except perhaps on inflationary front.The Government should come out of its false ego and arrogance and concentrate more on the management of the economy efficiently and effectively. It is time for Govt to act.

from: T.V.Gopalakrishnan

(This appeared in Business Line E paper Dated 19/08/11).