India getting out of western clutches – next generation banking powerhouse will replace Citi, Bank of America, HFDC ...
Kiran Chaube
Jan. 25, 2009

India is rising from the darkness of the bad dream. The American and European banking, finance, and industrial influences are finally weakening as India moves a slave nation to a master nation and western civilization shivers from the unwinding of catastrophic economic bubbles. The Great Depression of the West, as it unfolds now, is awakening western-pleasing native Indians to take things in their own hands and move forward.

Take for example, private sector Dhanalakshmi Bank has successfully wooed several senior professionals from various banks and corporate houses to build a top-quality management team and transform itself into a next-generation banking powerhouse. Senior management personnel from ICICI Bank, HSBC, IDFC, Zee and Siemens have been brought on the company's board to give a new thrust to the bank that aims to enter into the top-five league of private banks in the next five years.

No longer Citi, IBM, Bank of America and.... (its an endless list of western companies looking for profit in India) will dominate the Indian economy. The failed capitalism (of the rich, by the rich, and for the rich) has failed in America and Europe. Japan faces decades of deflation driven slow depression. India and China are rediscovering their existence without the influence of the West and Japan.

Frustrated with the Western mismanagement, Indian politicians, business leaders, and professionals are ready to bring the indigenous economic renaissance in India. India will lead this time and the West will follow.

America and Europe are forced to transform into a mixed economy where socialism and sensible capitalism co-exist. In India that model has flourished for decades. The West will learn from India how to manage their economy, industrial and manufacturing bases, and pride from India.


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