Zyx007

Why India Isn't Safe from the Global Recession

Good article, but needs to take into account the developments on the ground in the marketplace. As an example, the cement industry has been increasing the price in recent months, despite an excide duty cust that would have lowered the selling price. Q4 FY 2009 (Jan - Mar 2009) is expected to be the best in the current financial year ending in March 2009.

5.0 - 5.5% growth in 2009 calender year is the most pessimistic this year, which is outstanding in an environment the rest of the world is falling apart. Market could decline by 20% from the current level of 10,000 if elections produce a painful result, which would bring them back to where they were a couple of months ago.

The risk-reward trade-off seems well balanced in the near term, and outstanding in the medium term.