Crony Capitalism is the biggest enemy of Democratic India

Crony Capitalism is the biggest enemy of the democratic health of India because Crony capitalism is the biggest hurdle against "Inclusive growth which Dr Manmohan singh,the Prime Minister of India,and Sonia aunty are struggling to implement in Mother India".

In India,IPL is a typical example of Crony Capitalism.And the "FATHER of Crony Capitalism in India are Mr Mukesh Ambani option and his Chummy fraud friend called Lalit Modi option".

Crony Capitalism is a term which describes an allegedly Capitalist economy in which success in business depends on close relationships between businessmen and government officials.Crony Capitalism leads to favouritsm in the distribution of legal permits,government grants,special tax  breaks & benefits etc.

As a Corporate Human Resource Advisor & Trainer,I strongly believe that Crony Capitalism is believed to occur when Political Cronyism spills over into the business world.
Crony Capitalism is characterised by 'self-serving relationships and family ties between businessmen and government which influence the economy and the society to the extent that it corrupts public-serving economic and public ideals.
In its most primitive form 'Crony Capitalism can take the form of Collusion among global market economies of the world.
And please note,the option of Crony Capitalism is mostly associated with virulent government machinery interventions.

Please note,IMF officials have repeatedly warned and explained to global economies afflicted by Crony Capitalism that they are themselves to blame for the greed of Crony Capitalism.

Here,I would like to inform Mr Barrack Obama that"the Global economic meltdown has been the victim of Crony Capitalism".
To revive the US economy and the European economy,Mr Barrack Obama should make concerted effort to dismantle the 'infrastructure of Crony Capitalism.And simultaneously make concerted efforts to implement the concept of Inclusive Growth".
In fact,According to me Chrony Capitalism is the single biggest enemy of "Global Prosperity".

This is Anupam Sinha signing off.
Anupam Sinha
Corporate Human Resource Advisor & Trainer
PAN:ASZPS3289C.
Cell:+91 9871806386.
Place:GK-I,New-Delhi,India,Asia.
Date:12.09.2010.
Time:12.52 pm(Indian Standard Time)