My Blog List

Tuesday, August 3, 2010

Indian Economy-Heading towards a super power

Being a respectable citizen of India, today I can cheerfully utter that "I Proud To Be an Indian"...Politically we need to correct, socially we need to unite, but economically and financially we are one of the best countries..being a Financial planner by profession, i have came across many facts that proves our supremacy in global market.Lets talk about current market scenario..After a deep recession (major one after 1930), India is the country which is recovering at a faster pace than other developed and developing countries. Sensex is once again at 18k level and those few investors who took position at 8k level in early 2009, are ready to book their profit (Though country's biggest company RIL is trading at a support level--Good time to go long at 1020 level).Thanks to our strict regulation, I can bet that among the BRIC countries (Brasil, Russia, India, China), we have recovered better and faster than other three investor's preferable zone.A great regulatory body, two fine exchanges and a sound proof risk management system is the back bone of India's growth towards super economy.