Most economists make a gloomy prediction for the future.
Greek crisis to be followed by other EU countries on downturn
China economic woes and slide in chinese stock markets
Oil crashing to new lows
Interest rate rises in US
Gold and commodity prices on their way down.
Deficient monsoon and farmer distress
Only I liked a comment by Raghuram Rajan who says we require good economists in appropriate govt positions to turn india around.
Where have all the competent people vanished?
I have a feeling , most of the fears about india are misplaced.
Only the govt has to start working and start a huge program of spending on construction -housing ,infrastructure in terms of highways ,bridges ,port
connectivity, railway tracks, mass transport, power generation to kick start the economy. Any big initiative by govt is bound to enthuse the private sector also
to join in the task of increasing production if incentivised. the mood is bound to change with all these actions. consumer spending on downturn is likely to return in a year or so .
Until then , infrastructure,construction zindabad.Still areas like software exports are likely to do well may be smaller margins though. Pharma would find takers
In greece or africa where our formulations could be in demand due to low pricing. Who wants the US stamp on our drugs? Still women in india and all over the
world would patronise our jewellery .
There appears to be little need for pessimism . If you have the nerve , go and plunge in the indian stock market which is reaching new lows . You might end up
with a lot of moolah useful for a rainy day.
Greek crisis to be followed by other EU countries on downturn
China economic woes and slide in chinese stock markets
Oil crashing to new lows
Interest rate rises in US
Gold and commodity prices on their way down.
Deficient monsoon and farmer distress
Only I liked a comment by Raghuram Rajan who says we require good economists in appropriate govt positions to turn india around.
Where have all the competent people vanished?
I have a feeling , most of the fears about india are misplaced.
Only the govt has to start working and start a huge program of spending on construction -housing ,infrastructure in terms of highways ,bridges ,port
connectivity, railway tracks, mass transport, power generation to kick start the economy. Any big initiative by govt is bound to enthuse the private sector also
to join in the task of increasing production if incentivised. the mood is bound to change with all these actions. consumer spending on downturn is likely to return in a year or so .
Until then , infrastructure,construction zindabad.Still areas like software exports are likely to do well may be smaller margins though. Pharma would find takers
In greece or africa where our formulations could be in demand due to low pricing. Who wants the US stamp on our drugs? Still women in india and all over the
world would patronise our jewellery .
There appears to be little need for pessimism . If you have the nerve , go and plunge in the indian stock market which is reaching new lows . You might end up
with a lot of moolah useful for a rainy day.
