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Wednesday, June 4, 2014

India's New Prime Minister Will Clean House

Pakistan, China and the rest of the world is in for a shock when Indians are forced to report all sources of foreign invested funds in Swiss bank accounts and are forced to actually record all income.  If the new prime minister can keep his life for long enough (there is a history of prime ministers being blown up or killed in office there) to see the transformation, the world will see a resurgence of foreign investment in India fueled by American companies attracted to double digit Indian GDP and new sources of funds and capital.


Mr. Modhi stands to be a transformative figure in world history who will relegate Muslim special interests to  second or third tier policy priorities after national importance.  The investment in modernizing India's Navy, Air Force and upgrades to information and weapons systems should be enough to make Pakistani's and fundamentalist Muslims who would wish to disrupt India's national agenda to pause and consider what side of history they will be on as North America, China, India, Europe & Brazil will dominate the global agenda for the next 100 years while Iran, Russia and the rest of the countries will ally themselves with these major centers of economy for competing investment capital.

Word to the wise Indian in the country and abroad who has been transferring wealth out of the country and gaining favors around the world through family and friends in a network of quid pro quo corruption and money laundering.  The times are changing.  One common practice of playing host or educating an Indian student in the US under state residency to save on tuition or for favorable admissions, or to sponsor a work visa in a company in exchange for relatives in India to receive preferential treatment, investments, lucrative job opportunities as a way of not having to report or record expatriated financial transactions or exchanges is going to end.  The outright theft of cash deposits from straw transactions funded from one place to another through corrupt people will be exposed and come to an end.

Time will tell, and investors wanting to do business in India, may never find a better time than now to solidify agreements with honest business partners.