Message Font: Serif | Sans-Serif
No. of Recommendations: 1
If you mean the stock market is going to be stuck for a while, I agree.
After rising(the BSE Sensex) from 2905 in end April, 2003 to 6250 in early Jan, 2004, a correction was expected and is happening.
The economy, however, is doing very well, thank you very much. Whether this year(2004/5) our GDP growth rate will exceed 8% is to a large extent dependent on the monsoons. A good monsoon would guarantee 8%+ growth, an average one would mean 6.5%+ and a bad one would still mean 5%+ growth !!!
Ofcourse, we have a loonnng way to go...we are under no illusions...and we will get due course ;-)
PS--For the financial year 2003/2004, India will have achieved a GDP growth rate of 8%+, without any fudging ;-)...that's my bet. Figures should be out by end May, latest.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.