Random Thoughts - Pattabhi Sitaraman

The Indian Americans in the Texas state of USA arranged for a grand welcome to the prime minister of India Narendra Modi, who was visiting USA for attending the UN General Assembly.  This was arranged in the NRG stadium in Houston city on the eastern coast of USA.  More than 30 senators and congressmen and women across the party spectrum in USA attended the grand gala event.  Departing from protocol, the president of USA, President Trump joined the celebrations and addressed a crowd of over 55000  of Indian Americans.  In the sidelines of the UN General Assembly meeting, Modi had many bi-lateral meeting with leaders from other countries.  The bi-lateral meeting with President Trump was the cynosure of all and attracted lot of eye-balls and foot falls from the media for the bonhomie exhibited by both the leaders in the Houston event.    President Trump while answering questions from the International and Indian media answered that Modi is competent to handle the Kashmir issue and

India opened its doors in 1991 to the foreign investors and agreed to floating of the Indian currency (though started with partial to almost full now) and therefore, is not insulated from the shocks of downturn in the global economy.  It was the brilliance of the then governor of RBI, Dr.Y V Reddy which saw the country not getting sucked into the vortex of the currency meltdown.  However, subsequently there had been many stalwarts who had been at the helms of the central bank but with limited success in warding off the global threat to have a cascading effect on the Indian economy.  Recently the Indian economy is looking at a bleak future in the near and mid term.  Let us look at some of the aspects that might have contributed to the same. I took retirement from the bank voluntarily some time in 2013.  I was already owning an apartment and a car. As I was relocating to a city in the state where I was born, brought up and educated, I was thinking of disposing of the car.  However,