Jagdish Bhagwati, Professor of Economics and Law at Columbia University thinks that the Prime Minister elect, Mr Narendra Modi could bring in a second revolution in India as he proceeds to debunk criticism of the economic development in Gujarat. Arvind Panagariya, Professor of Indian Political Economy also at Columbia University thinks that the victory of Mr Modi will usher in more political freedom. He makes the point that voters ignored repeated attempts to frighten them to vote against him. Ruchir Sharma, Head of Emerging Markets at Morgan Stanley hopes that Modi will make India relevant in the world. He makes the point that our elections were completely ignored by the US media except for jokes by a late-night comedian. The previous Congress government gave no importance to business interests and Ms Sonia Gandhi rarely agreed to meet business leaders. " Ironically, Congress also introduced a thicket of new regulations that allowed well-connected businesses to game the system. In the last decade, India had one of the world's fastest-growing billionaire classes, many of whom were provincial tycoons building fortunes on political connections in corruption-prone industries such as real-estate and mining," writes Sharma. While well known economists are optimistic about India under Modi some are spewing bile in visceral hatred. Modi will apparently lead to soft fascism which is just a step away from hard fascism. " At its core fascism stands for state authoritarianism, intimidation by conservative-minded extra-legal groups, national chauvinism, submission of individuals and groups to a larger-than-life leader, and a Darwinian view of social life ( the strong must prevail )," writes one Kanti Bajpai. A lot of abuse without the slightest evidence. A Gujarati, Aakar Patel writes that Modi is all hot air and nothing has really improved in Gujarat. Apparently he asked Nandan Nilekani of Infosys on how much business they had in Gujarat and the answer was none, because Gujaratis do not know English. Nilekani stood for Congress and lost. Migrant laborers carried the word of Gujarat's development to remote villages in UP and Bihar where they had more credibility than hate speech in English. But why so much hatred? People indulge in hate speech out of fear that they will lose money or their crimes will be punished. Seems that there has been a rash of fires in government offices in Delhi in recent days. Time to burn incriminating evidence before you are caught. If Mr Modi can really make India stronger these people will probably choke on their bile. Poor fellows.
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