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.

sam naveenNov 23, 2019
Show threadNitin Pai
Winning an election seems to be a democratic method to become a despotic ruler.
Nov 23, 2019 at 7:46amWeb