Indian economy remains second fastest growing in the world

For the time being "War drama" seems to be over, as the Indian Prime Minister, speaks "soft on war" and tough on "Terror". Indians should work in coalition, as the US did after 9/11 to corner the Pakistanis.

I do not know why the Times Today calls on the parochial Pakistani Journalists for views on the ongoing tension between the two countries??!! These Pakistani Journalists are also hidden face of "Terror". Just avoid them and please stop calling them as "most respected","senior journalists", etc, etc. These yellow journalists are might have been paid "Hefty Amounts", by the mafia dons or drug mafias, in Pakistan, to speak in this tone, which will be loved by the "Jihadis" or "Islamic Terrorists". Hamid Mir looks more like a "Mullah" sans an uniform. It seems whole of Pakistan is full of "Religious fanatics" draped in "Green Colour". I do not know how non-Muslims live there in peace......Pakistan have a sham democracy where the army and Islamic Fundamentalists call the shots. Sheeeeeeeeee..........

Even the liberal Muslim voices there are crushed under the feet. Shame!! It will be better if this country's boundaries are erased and merged with India. There is no civil society in Pakistan.

Anyway, since the threat of immediate war has been receded let us get back to the markets again. The markets have been falling continuously in the last few days, due to the threat of an impending Indo-Pak conflict. However, if we go by History, we will find that the US markets started to rise from the day, the US attacked Afganistan.

Hence, we could see the second phase of the rally emerging, after 25th December, 2008.....Therefore, please be prepared to take a dip in the "Bull Pool...."

Exit Satyam Computer Ltd lock, stock and barrel--"yeh company ki Ram nam Satya ho gaya"........... Which are sectors to be focused?? Where is the real honey??

However, keep watch on Indowind Energy Ltd, English India Clays Ltd, U B Engineering Ltd, BGR Energy Systems Ltd, Sarda Energy & Minerals Ltd, Sujana Towers Ltd (the stock was recommended Rs.18.5 only last month), Chowgule Steamships Ltd, Vijay Shanti Builders Ltd, Srinivasa Shipping and Property Developments Ltd, etc.

Nobody yet knows how serious the slowdown will be, but in theory a recession in the rich world should hurt India less than other emerging markets: exports amount to only about 22% of India’s GDP, against 37% of China’s. Diplomatically, India has also started to matter more. The US-India nuclear co-operation agreement, which was approved by America’s Congress in October, was the clearest sign of this: to let India in from the nuclear cold, the developed world has made an exception to the counter-proliferation regime. Dr.Manmohan Singh can take much credit for this. A courteous and scholarly former finance minister who launched reforms in 1991 that unshackled India’s mixed economy, he has been an effective envoy for India.

If India is to sustain a growth rate of 8% or higher, as it aims to do, it will need to manage four potential constraints. The most pressing, its rotten infrastructure and the dreadful quality of its education, are, alas, not new. But the government’s response has long been inadequate, and with India’s burst of high growth these two problems have become more urgent than ever. India’s current rulers, the mahouts to an elephantine state, seem at least to understand this.

But their efforts to end these troubles remain unconvincing. India’s other big constraints, its cumbersome labour and land laws, should be easier to fix. But there is depressingly little sign that this will happen soon. India is getting stronger, but its problems are also growing. In the end, the pattern of its progress suggests, it will succeed. But it may be a long and painful grind.

To make a serious dent in poverty, India needs to keep up economic growth of around 8% a year. In the medium term that should not be too difficult. More impressive even than the success of India’s best companies is the zest for business shown by millions of Indians in dusty bazaars and slum-shack factories. They are truly entrepreneurs. It is no coincidence, as is often noted, that Indians have prospered everywhere outside India.

Almost all the Preparations are over for the SMS Service to the Paid Group members who are in India. The Paid Members who are in India, will now be able to get calls on their mobile sets. For the time being the overseas clients will get the calls only through e-mail and Yahoo Messenger.

I drastically went for this move (Starting of the SMS Service) to fulfill the huge demand from the Paid Group members as well as from some investors, who want to join my service but do not have access to the computer in the office. I earlier did not approve due to a large number of overseas clients who are affiliated to my Paid Services, but now I have found a solution to this problem.

Those who will join the Paid Services, within 15th January, 2009, will get this SERVICE FOR FREE or there will be no extra charge for this service. However, after 15--01-09, they will be charged some extra bucks for this service.

Moreover, I have also decided to extend the discount period for the new subscription to the Paid Groups, till 15th January, 2008, due to lot of requests pouring in from the Investors/traders (to continue with the discounts package). Hence rush in for the details...........

MUMBAI: The Indian economy continues to remain the second-fastest growing economy in the world, a top economist said on Tuesday. "India's economic fundamentals are quite robust and its economy remains the second-fastest growing one in the world," the prime minister's Economic Advisory Council's Chairman Suresh Tendulkar told reporters in Mumbai.

India was not experiencing a recession as other advanced economies and its economy would not be affected to the same extent as some other emerging Asian economies, he said.

On MSMEs, Tendulkar said that the present economic slowdown would test the strength of the sector.

"Rising interest rates in the recent past has further accentuated the credit crunch for MSME entrepreneurs," he added.

According to him, the financial meltdown in advanced economies "has been very serious". "The depth of recession in advanced countries has been greater than anticipated a few months back," Tendulkar said, adding that export-linked sectors in India "are bound to be affected much more than anticipated earlier owing to the depth of recession in advanced economies".

He described the foreign exchange reserve position in the country as "comfortable" despite FII outflows causing some depletion.

The current account deficit, would be well within limits, but it might be wider than in the earlier years, he said.