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  • India's Approaching Age of Basic Materials [View article]
    Shiv:
    I agree that it is absolute nonsense for analysts to be bullish on capital goods and industrials while ignoring basic materials. It is quite clear that basic materials demand PRECEDES the growth of the other two. It was no accident that the CEO of BHP/BIlliton, one of the largest commodity producers in the world, recently commented that India had every potential of becoming the "next China" in terms of commodity demand. With the latest Govt bailout in the USA, you can be sure that economies in emerging markets like India and China will go along and "reflate" their way out of this contraction. As someone pointed out, the wild card for India is the crippling reliance on oil imports with oil at $100 or above. That's a considerable drain on GDP and growth.
    Sep 24 13:31 pm |Rating: 0 0
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