BusinessWeek On Calcutta’s Prospects

Here is a ridiculous article from BusinessWeek: Kolkata: A New Hot Spot in India. Mehul Srivastava writes: with its Communist leadership on the way out, the former Calcutta is poised for quick growth.

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Yet the metropolis of 13 million has long lagged the likes of Delhi, Mumbai, and Bangalore in job growth. One key reason: For 32 years the state of West Bengal—of which Kolkata is the capital—has been run by Communists who still revere Marx and Mao.

Kolkata may soon catch up. In municipal voting in July, the city’s Communists were booted out in favor of Trinamool Congress, a local group allied with the Congress Party that leads the national government.

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Anyone who follows Calcutta politics, knows, that Mamata Banerjee, the Trinamool Congress leader is as clueless as anyone else when it comes to economic development. In the most civilized terms, she is an anarchist. Yet a magazine of BusinessWeek’s stature goes ahead and publishes drivel like this. No wonder they’re up for sale!