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David Fry writes a subscription newsletter focused on technical analysis of exchange-traded funds, called ETF Digest (www.etfdigest.com). Dave founded the ETF Digest in 2001 and was among the very first to see the need for a publication that provided individual investors with information and... More
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  • Growth In India: EPI 0 comments
    Mar 21, 2012 11:13 AM | about stocks: EPI, INP

    As one of the four BRIC countries (Brazil, Russia, India, China), with a quickly developing economy and an average growth rate at nearly 9% per year, India might look like an ideal investment opportunity. The country of more than a billion people has made several moves to open itself up to foreign investment and liberalize its economy, including the privatization of publicly held companies, industrial regulation improvements, and capital market reforms. While more-developed economies were swooning during the 2008 financial crisis, India still managed a respectable 6% growth rate.

    The Bombay Stock Exchange (BSE Sensex) was trading at a 3-week high last week before tumbling on news from the Indian commerce ministry last Wednesday that wholesale price index inflation had risen a higher-than-expected 6.95% over last year. It was the first time India's monthly inflation rate had grown in the preceding five months. The losses probably would have been more severe if the Reserve Bank of India hadn't announced a 75 basis point cut for its cash reserve ratio rate on banks.


    Stocks: EPI, INP
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