Nitin PaiNov 13, 2019

Jagan Reddy’s closing of the Amaravati project is much more damaging than George Fernandes pushing IBM & Coca Cola out in the 1970s. Massive damage to India’s credibility as a destination for foreign investment in infrastructure.

Reversing the slowdown is going to be very difficult in the face of whimsical and capricious government decisions.

Show threadNitin PaiNov 13, 2019
Infrastructure investors work on 30 year horizons. Jagan Reddy’s reckless actions will deter good & responsible investors from the Indian market. Our governments’ ability to destroy economic value and undermine our developmental prospects is limitless.
Show threadNitin PaiNov 23, 2019

Jagan’s government is plunging greater depths of capriciousness. Andhra govt just cancelled all bar licenses in the state.

Such arbitrary actions mean that businesses operate under the whim of the ruler, not under rule of law. Terrible times ahead for the state.

Show threadসঙ্কর্ষণ | sankarshan
Governance measured by populist stance have the near term potential to be devastating for the revenue stream that a state actually needs. Unless, the next step is a clique driven parcel out of the resources.
Nov 23, 2019 at 7:48amTusky