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E-Waste in India grows by more than 500% in 7 years
(Green World Investor, 5/10/12)
Indian Insurance Industry Story Sours with Job Losses and Exits with ULIP Reforms and FDI No-Reforms
(Green World Investor, 5/16/12)
US Secretary Of State India Talk Centers On Pakistan And Iran
(Value Investing, 5/8/12)
Leapfrogging Makes No Sense In India Today
(Telecom Ramblings, 5/11/12)
Well it is interesting reading that India could be reaching double digit growth figures in a couple of years. The only hitch will be to resolve the law and order problems especially in naxal hit districts, Jammu & Kashmir and the North East.
If you consistently track Indian economy, you will definitely get the feeling that the economy is inching to double digit growth. The worst part of its economic growth fear has waned, and with monsoons, and flamboyant agriculture growth, it is in the pink of economic recovery. But inflation and depreciating dollar is a cause for worry for the RBI and the Government, because they feel that the economy will go bust with the gradual parity in the falling Dollar with the Rupee. They do not understand that the strengthening of the Rupee shows that the Indian currency has matured, and is able to sail with its intactness because of its prowess. Inflation is no cause to worry, as in an economy where liquidity is plenty, and supply is weak, the snowballing effect will puncture the economy, but would recover fast paced, if RBI keeps a watch on liquidity in the long run. The amazing export growth, and the growth passion of the economy to slowly get to double figures are strong indications of growth and not decline!
Good article. There is need to bring focus on two things immediately. Fristly, as the artical pointed out, controlling the budget deficit and inflation.
Secondly, the central govt needs to focus on driving industrialization and job growth in 4 less growing states MP, UP, Rajasthan and Bihar. In order for economy to grow at double digits these large and populous states need to grow at a much more healthier pace(8%+) and compliment states like Gujrat, Maharastra, karnataka. The growth should come in even and spread accross the states, demographies etc or else it won't last long.
Nano car is Rs100,000 ie USD 2,100 car. Largest working age population in the planet.
and low interest regime worldwide is going to encourage investment in India further boosting the Indian Stock market. The only factor that could break the rhythm are external factors such as Dollar collapse and Peak oil. Recommended Stock to invest in Large cap space in India is NHPC the largest Hydro Electric Power company
=happy investing
SIR,
I AGREE FOR THE GROWTH RATE OF INDIA, BUT I FEAR ABOUT THE INCREASING RATE OF CORUPPTION. CORUPPTION NEVER AGREE TO MAINTAIN QUALITY. IF THERE IS NO QUALITY, THEN NOTHING WILL REMAIN TO BE PROUD OF IT.
Sir,
Yes totally agreed that correption should come down drastacally then double digit groth can achieve earlier.
India should be taken over by China or be made a satelite and be administered by Chinese leaders, or give back to Muslims. This shame full country of beggers, corrupt officials, timid Hindus and coward governments will never do any thing meaningful to equal China after 1000 more years. Look at China, they are building power plants one a week without having conferences. The government can't explore its natural resources due to delays and democratic bungling. People do not have power, roads, food, gasoline, and guts to get out and work. Give me free food and shelter is the slogan and my governmenta is not doing enough for me.
Kris comments of Sept. 14 are without foundation and need to be countered:
1. Unlike China, India is a relatively free and democratic nation. Are you asking more than one billion Indians to submit to Chinese Communist slavery??
2. Even more inane is the idea of "giving it back to the Muslims"..yes, India has beggars and corrupt officials but neighboring (and ethnically similar) Pakistan has even more of those. What Moslem Pakistan does not have is either democracy nor a thriving economy!
All the signs about India are good and promising .There is an outcry against inflation by the middle class and has to be deftly managed without impeding growth.There is also an outcry by the poor against not partaking of the benefits of growth The problems are not unmanageable by reorganisising the distribution system which need not be run by large retailers though we could do with them in larger cities to benefit from the scales of operation Small retailers could be made franchisees of the large if willing to sell but otherwise left to compete by price and quality.iNDIA IS SUFFICIENTLY DEMOCRATIC TI FIGHT COERCION but capable of competition by forming their own catels.As for bringing in the poor in the mainstream they should be offered equity inlieu of land and jobs and skill training.The poor constitute the bulk of India.We should frame policies that would coopt them in growth rather than be hostile and join politics that may destabilise India.India is on the growth path and can be trusted to be a model of moderation ,peace and equity
shankar sharan<shankarsharan77@gmail.com
India has sprung into a major power house etc by its inherent civilisation,its wise policy of spreading education partcularly in science and technology and its imiddle of the ground politics But its political management is as important as its economic .We seem to be torning towards the former. It ihas to set an example in democratic accomodation and with few slip ups it is going about it. India has to break from the conventional model by directly coopting the poor in th growth process as partners not just as wage beaners ,by subsidising its agriculture where needed, and sund monetary management to curb inflatio without compromising groweth The middle path of Buddha will push India not only as an economic but moral power to usher peace.
Kris: The epithets don't help, suggest you travel to China and Pakistan, and then…..to India to see the difference. Indians don't want to be either China or Pakistan (the former will get a big surprise one of these days from it's own people, a la Tiananmen 2.0; the latter will cease to exist on the global map shortly!). There is certainly a lot India needs to do to catch up on the economic front, but the path we have taken will get us ahead of China (how many Dr Reddy's, Infosys' etc do you have in China? None, the private sector there can't compete with Indian cos. Most of the companies in China are govt owned, they will get into trouble if they have to compete in a 'free' market). And, the 'timid hindus' you speak of are creating/acquiring world class companies (Jaguar Land Rover – Tata Motors, Arcelor Mittal etc.) and quite a few of them are successfully steering global corporations (Pepsico, Citibank, Deutsche Bank to name a few). Your education is obviously not complete, suggest a refresher. That might just help.
It is strange that a citizen of a country is writing abt the other country that it will shortly move out of world map. It is always better to solve ones own problems which every one knows. Dont bother about pakistan. It is nation of 170 and is always going to stay. It in not bunch of 23 communities.
Yes for sure india is breaking out in terms of development and stock market investments can be rewarding for global investors because it is much easier to create bubbles in indian Stock markets by bringing in Zero Percent interst rate easy FII money .
India is always a roller coaster ride for Investors.
So sit tight with your seat belts on….one can get into another orbit soon…..now its a matter of time !!!!!
India was a poor country much before Independence. The Ex- rulers of the country did not do much for the betterment for the country and the people. They completely ignored the rural part of the country.
India’s strength lies in its smaller towns and villages. 67% of gold jewelry is held by the people living in these areas. They are waiting to be exploited by white goods and automobile industries. It is already happening. They too have good purchasing power. I had the opportunity to visit these areas recently. I travelled almost all over the country. People have purchasing power but they are scared of uncertainty of future. Their wealth lies in land and gold. Normally they are savings oriented. A person who has the capacity to buy a costly car will go for a smaller one, and a smaller one will
prefer to go for a two wheeler for the fear of attracting the attention of the Income Tax Department
After Independence the country had to go around the food producing countries with a begging bowl. There was corruption, uncontrolled inflation, threats from Pakistan and China, Cost of four wars and yet to-day it is in the position of being considered as an economic and military power. USA realizes it very well that if there is any country whose help it will need to contain China, it is India.
No body actually knows who is actually running Pakistan. China does not bother about the human cost. Despite the rosy picture presented by the country there is corruption, poverty, human misery, and forced labor.
In democracy, even in war, things move with the co-operation, help of the people. Many people criticized US and UK for their slow process of decision making during the last two world wars and yet the democratic countries won it
Utter dictatorial practices of Stalin are well known.
Those who look down at India are actually shallow headed people self- assuming that they are vastly learned persons. Their understanding is strictly limited to top of the leaves of a tree rather than the root.