Tuesday, May 09, 2006

Reliance Losing Money - we must lose sleep

Even Reliance can lose money.

Reading this note I wonder - for how long will government be able to hold on to these subsidies specially when private sector companies like Reliance has made aggressive forays into an industry which has been historically in the PSU domain.

Given the abilities of Reliance to influence Government policies - one can expect market parity soon for petrol, Diesel and Cooking Gas. If that happens will we celebrate it as win for the free economy champions or will it be yet another challenge for a belegaured house wife in a typical middle class Indian household trying its best to make ends meet.

Or will this be the start of the end of the dream run of shinning India and its growth story?