Monday, December 19, 2011

Sensex down to 2009 levels

Again today we have had the sensex coming down to the levels of 2009!!

I am sure lots of people are asking where is the Indian growth story going?

The pessimism about the Indian economy is getting deeper and deeper. The elections are around the corner and populist policies are the norm for our politicians and we have suddenly started seeing them starting to come out- the latest being the food subsidy bill.

A lot of pundits are talking about levels of 12000 on the sensex in the near future. All of these while the other countries are looking to try and manage their economy.

However, unfortunately even with an economist prime minister, the governments focus has been on the upcoming elections and not on what's good for the country . That is with all the parties and not only the congress one.

India is moving to a "could have" economic power.

Sad.. But hopefully not true

Indians lets get smart

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