@SarangSood A country’s sovereignty depends on its scientific and technological strength. Despite its size and wealth, India had paid the price when British came to India coz it lacked technical know how at the time. Looks like the same story unfolding again.
Elections are important, and public participation is vital for ensuring fair outcomes. The government could have chosen a weekend, which would have worked better for all stakeholders
Indian stock exchanges are closed today for Mumbai's municipal elections.
The fact that our exchanges, which have international linkages, are shut down for a local municipal election shows poor planning and a serious lack of appreciation for second-order effects.
As Munger said: "Show me the incentive, and I will show you the outcome."
The holiday exists because no one who matters has any incentive to oppose the market holiday.
It also tells you how far we have to go before global investors take us seriously.
@Nithin0dha Elections are important, and public participation is vital for ensuring fair outcomes. The government could have chosen a weekend, which would have worked better for all stakeholders.