India has an unprecedented growth over last 5 years, no doubt the country has seen the economic boom and was one of the most favourote investment destination in Asia.
It was said that the India is one of the emerging super-powers of the world and if it continued to growth at same rate, it will be become a super power.
On the other hand, Pakistan enjoyed the growth and prosperity during the same period. There were peace talks between the two countries, there were trade links, train-links, exchange of cultural delegations and situation was that the both countries were even working together to open the trade routes in the disputed terrirtory of Kashmir.
And then, the dream turns into a nightmare, a few people took hold of Mumbai, the financial capital of India, exposing the weakness of Indian Security Forces. Fueling the fire, the irrational approach by the Indian politicians and media, building up war-hype, people openly demanding to carpet bomb the nuclear armed neighbour on the Media. Retd. Army General advising the war tactics, during this course, the investor, the most sensitive and unloyal creature of Allah, started fleeing India for the security reasons.
The Mumbai attacks were still fresh when there was another major incident, this time one of the leading company Satyam crashed, the chairman’s statement is clearly saying that, the auditors and the regulators are either incapble of doing their jobs or there are loop holes in the regulations and audition standards of India.
The Investor may stand the security concern as everyone is aware that incidents of this scale do not occur every now and then and the war hype is just a cheap election stunt by the politicians, although with some reservations.
But do a foriegn can stand irregularities in the financial system? The satyam sacandal is another terror attack on the India, this time it is on the one of the biggest Service company.
The similarity between the Mumbai Attack and Satyam Crash is
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Mumbai is the Financial Capital of India, known for its expertise in almost all the fields.
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Satyam the biggest Indian Service company, serving most of the world’s biggest companies.
both were attacked, both attacks are enough to shake the confidence of foreign investor, Iam afraid there will be third attack, when and where i don’t know but Indians need to get their acts together, act rational, and try to analyze the situation in their best interest.
It is bitter truth that India and Pakistan cannot be friends, not now, not in 20 years, but yes both neighbours can live in peace, both can work together for the betterment of their people, but unluckily the leadership of the two countries merely cares about the betterment of their people. They are short-sighted and can only see their nose.