London: While world fears US recession can turn in to a Global depression, G-20 leaders were in an upbeat mood on economic recovery.
As no force on Earth seem to be able to stop global economy going south more and more people are becoming pessimistic about future. Even the great forum involving traditional big players - G7 nations which control 50% of the world economy can’t arrive at a concrete solution.
So the traditional power players of G7 forum decided to include developing powers like India, China and Brazil which together control over 80% of world economy in discussions. Though the grouping was addressed as G20, Economists world wide viewed this as effectively G2 - US and China working on recovery path. But the path to recovery came from an unlikely source - Indian Parliamentary election.
G-20 meet convener, IMF Chief Stressullah Khan said, “Think about this, Indian politicians - the most corrupt in the world have stashed wealth in Swiss banks. Even by conservative estimates Gold and dollar bills stocked by Indian politicians would be equivalent to GDP of all G7 nations combined. With the Indian Parliament Election in mid 2009 they will definitely draw their wealth to invest in elections which normally happen once in 5 years.”
Asking how these few thousand Indian politicians drawing their money might help Indian masses, he replied “You don’t know about the way elections are conducted in that part of the world. People will be fooled by all free bees. Any thing be it - illicit liquor, free food, cinema tickets will buy votes / win elections there”.
When reporter’s questioned how this may help developed economies like G7 nations, he added “Interestingly, in few states politicians offer high tech goods like Television sets too. It happened during last elections in Tamil Nadu and same might be replicated this time in Andhra Pradesh. This time Tamil Nadu politicians are going further to announce free laptops for every household.”
While many Indian politicians were angry with IMF Chief’s comments and expects Indian Government to sharply react to those statements, Official Prime Minister Manmohan Singh is waiting for nod from Actual Prime Minister Sonia Gandhi to respond.
