Tata Motors posted a net loss of Rs 2,505 crore – signs of big Indian depression led by greed for acquiring the goodies of the West at any cost
Balaji Reddy
Jun. 28, 2009

The Tata Motors posted a net loss of Rs 2,505 crore – a staggering loss due to the Jaguar Land Rover of Britain, its problematic acquisition. The loss is significant but more important is its symbolic significance. Tata motor stock is tumbling after reporting a net loss for the first time in eight years.

This symptom is not restricted to just Tata Motors. Most of the Indian industrialists in recent days have tried to acquire goodies from the Western nations at any cost to add these charmers to their mausoleum of prestige items. The net effect is devastating.

Whenever a third world country becomes over confident in acquiring assets of US, UK and the rest of Europe without any care for value, the fall, a devastating fall is inevitable.

Tata Motors posted a net loss of Rs 2,505 crore – signs of big Indian depression led by greed for acquiring the goodies of the West at any cost
Balaji Reddy
This symptom is not restricted to just Tata Motors. Most of the Indian industrialists in recent days have tried to acquire goodies from the Western nations at any cost to add these charmers to their mausoleum of prestige items.
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The higher rates will create the real depression.
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