Talking about Narendra Modi’s ” Crony Capitalism ” , Rahul Gandhi said ,

” During 12 years of NaMo’s rule in Gujarat , Gautam Adani’s companies ‘
assets ( or did he mean , Market Cap ? or Revenue ? it does not matter )
went up from Rs 3000 crores to Rs 40,000 crores ”

That is a CAGR ( Compounded Annual Growth Rate ) of 25 %

Now look at the assets declared by the Congress Candidates of the current Lok Sabha elections ( Let us not inquire re: Undeclared Assets ! )

Within 5 years ( from 2009 to 2014 ) , the average assets of these Congressmen , went up from Rs 4.87 crores to Rs 54.38 crores !

That is a CAGR of 62 % !

So , which is a better business ?

> Building Nation by building Ports , Power Stations , Infrastructure etc ?

OR

> Fooling Nation by robbing its precious natural resources , such
Spectrum , Coal , Gas , Minerals , etc ?

> Not revealing the names of 50 individuals who have stashed away black
money in German Banks – and whose names , German Government has
provided 3 years back ?

> Promoting ” Crony Relative-ism ” when it comes to buying government
land for Rs 1 lakh / hectare and selling for Rs 100 lakhs / hectare ?

Gautambhai ,

Obviously , you are in the wrong business !

Switch over to sycophancy !

Enjoy a CAGR of 200 % !

Then , like late Babu Jagjivan Ram , don’t file your Income Tax Return for next 10 years – and , if reminded , say , ” I just forgot ” !

* hemen parekh ( 24 April 2014 / Mumbai )