G-20 Summit-Seoul, Korea, 2010, Riots in the UK and not so peaceful protestations.
Possible implications of the summit and recent turn of events on India and Asia in general
China and Germany slam U.S. policy before G20 summit
Student led- riots outside Govt. Headquarters in UK
Obama pushing India's vote on the security council
Thousands protest in Seoul before G20 summit
Barrack Hussein Obama arrives in Seoul
Some of the common headlines across Newspapers across the globe until last week were full of it. Full of what, if we may add would be Mr. Presidents' visit across India, Indonesia, and the G-20 summit held in Seoul.
Some might argue the protest was a little un-called for, especially those who have American blood flowing through their veins. Although the protest was a rather peaceful one (read=weak!), it did highlight a few important points of how globalization wasn't really helping in creation of jobs or protection of social development programs across the less fortunate (state and global leverages).
Across the continent, trouble brewed in the UK, where around 50,000 protestors resorted to not-so-peaceful (read=violent!) measures, besieging the ruling party HQ at 30 Millbank, causing damage which highlighted the somewhat vague decision of raising education fees (which were perhaps too low!)
Both incidents had one thing in common despite being conducted at totally different levels; the people are not happy.
The Curious case of David Cameron
David Cameron, who is struggling to gain support amongst the majority of the people with prospective cuts in benefits, education amongst others as a measure to cut back on expenses and improve their own economic situation, is likely to face more flak in the foreseeable future. Mr. Prime Minister Looks set to improve the inflow of cash through taxes perhaps by allowing the current immigration cap to be a little more relaxed on insistence of Business leaders across the country for the lack of skilled workers. This definitely looks to cause more angst across the once mighty Great Britain.
The Arrival of Mr. Change
Obama came, saw and conquered. Its rather silly that the Head of the State of another country continues to get more footage than our own! Especially, when our own has been regarded as one of the most experienced and knowledgeable economists around. Nonetheless, it was fruitful as India’s economic might continues to be acknowledged with a permanent in the UN’s Security Council beckoning.
For Investors in India Inc, it comes across as a grand opportunity to be inventive as the U.S. continues to improve its relationship with ourselves. At the same time, it cannot be a case considered and China and Germany already lashed out at the U.S. propaganda of infusing $600 billion bond-buying propaganda which China has maintained a sharp criticism against which the latter feels would only add to the disruption of global economic numbers stating that “Washington could destabilize the global economy and inflate asset bubbles.”
Changing trends
Korea at this point of time has kept a dominant stance of disagreement with the U.S. which both have failed yet again to reach an agreement over autos and beef, which have already been stalled for over 3 years ratification.
We don't really see any major domestic upset for India, although foreign investment may just be a little volatile till decisions are made up.
The Premiers’ visit in India turned out to be a much fruitful one, which saw multiple of commercial deals and agreements being signed as a measure of cooperation more closely in agriculture, health and energy.
Elsewhere, we feel that Mr. Cameron still has a lot of convincing to do with his own people who might start feeling an itch if the expenses persist!
All said and done, it does appear that balance of power is slowly but steadily shifting towards Asia, wherein Korea, China, India and Japan are moving in a positive direction towards adapting to change. India is doing well in regards to entering new markets, educating workforce and ability to churn out quality results.
At
ShareTipsInfo, we feel that Agriculture, Health, Energy and Tourism sectors are ones' to watch out for with recent turn of events following the successful Commonwealth games, and improved relations with the U.S. of America which should oversee India gaining its foothold in becoming a global exported in New markets very soon.
India should also find a further development in Private Hospitals and Medical Tourism should also give India a huge competitive advantage in securing its position as major tourist hot spot in the forthcoming years!
Sectors to watch out for: Agriculture, Health and Energy, Tourism.
Image via Wikipedia
