The Mute Observer : Gamma
Warning: This is a 1000 word post, but every word has a significant meaning.Read at your own risk. Everyone talked about the end of equality, the end of the govt’s thinking of the ‘aam aadmi’ and the notion of ‘India for the poor and weak’. They said that a group of foreign multinationals will make us all their slaves. They will ingurgitate all the local businesses and no one will be there to care for the meek and the destitute. The writing was pretty clear on the wall after the balance of payments crisis of 1991. Being a bania shopkeeper, Economic Times has been my only passion apart from money. I looked for every opportunity to earn money but all I came across in the early 90s was the economic crisis. The socialist policies that India had followed brought it to such a state it had to pledge 20 tons of gold to Union Bank of Switzerland and 47 tons to Bank of England as part of a bailout deal with the International Monetary Fund (IMF). In addition, IMF required India to undertake ...