Conventionalism would interpret news of Mumbai terror as not good for incredible India, business climate and cricket.
A few boat men caused the exchange to shut down and brought a city on its knees. One can project what an escalation of conflict can do to markets and economic sentiment.
Reality is different. Historically, social unrest is a sign of bottoming economic activity (larger or smaller degree) and potential positivity rather than peaking or sustained slowdown. Why so? Because, we as a society do not fight when things are good and prosperity is more, we fight, when we are upset and there is a sense of loss and anger.
Terrorists are part of the same society that we live in.
Image: Firefighters attend to a fire as it burns at the Taj Mahal Palace & Tower Hotel following an armed siege on November 29, 2008 in Mumbai. | Photograph: Uriel Sinai/Getty Images
Also read: Why Taj, Oberoi may not get full insurance
Powered by 
| Live updates on money.rediff.com |
|
Advertisement
