A very insighetful article. I agree with the line of argument that global markets are looking for returns outside the developed world which is more or less priced to perfection. In such a scenario India is a good opportunity on the back of 7-8% growth rates there are a few killings to be made if you play smartly. But will India story playout in the long run?
Well I do not have that conviction. Services exports driven growth cant take us very far. Any true shift requires mass shift in employment opportunities and services do not allow that shift. And so far as manufacturing is concerned China is way ahead (at leaset 10 years) and still not saturated i.e. China has legs that will carry it forward for at least a decade or more. India can best play a distant second in the race to corner manufacturing market.
All in all I believe its the end of bull run as seen for the last couple of years. From now on its sideways, not beyond 13000 for the rest of year...
posted by Adorable Bad Guy @ 1:55 AM
0 Comments:
Post a Comment
<< Home