Inflation dips to 8.98%

Wow, what a good news it is to see inflation back into single digits. We can now hope RBI to cut interest rates further and ease the cash flow by cutting down CRR. Hopefully this should ease the liquidity concerns India is facing at the moment. IMO any measure taken now will require atleast one or two months to show any effect. So it is better our government acts swiftly and decides on PLR and CRR numbers before businesses across the country have to deal with irreparable damage. Anyways in this connection I have added a poll on when you people think our economy will be back on track. You have one week time to vote. I am interested in seeing the results as this will reflect the sentiments of Indians. 

Are we "Indians" the real communists?

I have been to China(Shanghai) recently and was eagerly waiting to see how different the world ruled by communists would be? To my surprise, the communists in China appeared much more capitalists than any country except for may be USA. Seriously, may be India is the only country which still follows communism in the disguise of democracy. It was surprising to know how easy it is in China to set up a business or get your work done with government officials inspite of it being a communist ruled country. Even they have changed, modified communism according to modern needs and may be that is the secret of their huge success. But alas!! we Indians still fail to come out of Nehruism (Communism in the guise of Democracy :) ) which never helped us in become world power!! One has to be in China to see its development. Aha, what roads, buildings, airports in word the infrastructure over there is mind blowing. May be its time India needs to change its ways if we have to have any chance to be a super power along with China and USA 20 years from now.