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Guneet Singh Sahni

Guneet Singh Sahni
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  • India's Growth Rate Slows Further In Q2 2008 [View article]
    India faces strong domestic challenges, with inflation near 16-year and fiscal deficit likely to exceed the targeted 2.5%. The central bank will surely go for another interest rate hike to contain inflation and this will be bad for the markets.
    Sep 1 06:52 AM | 1 Like Like |Link to Comment
  • Ready for Dr. Reddy's Labs [View article]
    I do not agree with your opening comments on "India can be a nasty place to invest........". In fact India has been ranked highest in corporate governance in Asia by various houses including CLSA. India witnessed a record foreign capital in Financial Year 2007. Just see the rise in Indian companies listing their ADR's in last 2-3 years. Inspite of a weak market this year a record number of Private Equity deals from foreign investors have flowed in India. Above all India is raring to go. I agree that the pace has been slow as the reforms started only after 1992. Before that India was a closed economy. India has now one of the most transparent stock exchange and securities exchange board (SEBI). We have clause 49 as a close substitute of Sarbanes Oxly Act. If we compare the transparency among Asia, Middle East and Europe, India stands in the top of the list. Indian Accounting standards will soon be converged with IFRS standards.
    Aug 11 08:25 AM | Likes Like |Link to Comment
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