D.S.BAWA

Indian Equities: Still Not Time To Buy

The truth is that there is a lot of muck which is still under the carpet. The extent of the damage is much greater than what is perceived and is being analyzed today for possible solutions. The world has yet to understand the dimensions of the damage to the real economy which the financial indiscipline and recklessness of the past decade has actually inflicted. The fact is that a large part of the real damage is still to unravel itself or is also being concealed, but all efforts to do so will be in vain, and it will unfold with frightening consequences each day. The solutions are far away, and the possibility of recovery even further. There are many other issues which must be done much before the world even thinks of being close to come out. The solutions lie in a very different stratosphere.