STOCK DOCTOR
dr gs sood
Markets and Modi both
witnessed correction in view of AAP’s landslide victory in Delhi. The markets,
though, soon recovered, expecting the Delhi result to put further pressure on
the Central government to speed up the reform process. Expectations of a
market-friendly Budget was yet another reason. However, the short-term outlook
may remain tense due to the lacklustre Q3 performance of the corporate sector
and global factors, but the medium and long-term views remains decisively
bullish.
The Economic Survey clearly points to
this fact when it observes that “India has reached a seat spot—rare in the
history of nations—in which it could finally be launched on double digit medium
term growth trajectory”. It forecasts a growth rate of up to 8.5 per cent for
FY 15-16, making India one of the fastest growing major economies, surpassing
even China.
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