brij srivastava

India: The Bear Case

India creates billionaires overnight.This phenomenon needs a complete scrutiny.The answer lies in pricing of public issues by govt.agencies and also in rampant price rigging by operators (read:promoters).

China Versus India in the Last Two Months

India is the Office and China is the Factory.....thats how the neo-world has evolved.West provides the necessary Capital.

Are Indian Stocks Getting Too Far Ahead of the Pack?

The mantra is..........weak INR is good for india i.e a stronger $.....We have been fed on this premise since independence.I am not looking outside towards the US,but,am looking inward as to how our policy makers chisel out the rupee.My fingers are crossed,Mr Pandya.

Is India's Economy Overheating?

Mr.Sharma,thank you for the feedback. Auto sector slowdown as you term it maybe a caused by various other factors (including rate hike),the auto companies would never have gone for expansion knowing fully well the imapct of interest rake hikes.
Real estate in india has always been a black money play.Now lately with increased income with families due to salaries hitting roof,real estate is now coming to terms with clean money chasing clean properties.There has to be some gestation period for maket forces to apply.The fall in property prices is very well understood and what we have seen is just a begining.The cycle could last a period of ten years.
As for IT companies,the party is nearing its end...how long can a government flog its own currency to keep a certain sector flourishing?IT companies have had tax free run for too long now.Rupee is at its begining of its rising graph....no amount of government intervention can keep it suppressed for long.Even Dubai exchange is getting ready for rupee futures,wake up call.
Still i agree with you......it is a wait and watch situation...hope not for long though.Thanks

Is India's Economy Overheating?

Interesting poser Mr.Delfeld. My take is that indian economy can take a many more bouts of interest rate hikes in its stride. But is it required?..an answer to it lies with RBI.Well i hope they wait it out for another quarter or two before indulging in such an exercise. It seems they have their mind made up and we might see a hike more so on political compulsion.India has a new problem at hand....the increase in salaries of middle-class......whic... can more than handle/offset interest rates hike,if any.Some sectors will see an impact. Indian economy is definitely on a roll and rise in rupee will be there for years to come. So,any foreign investment in core sectors will reap high returns. Returns will multiply as rupee gets stronger.Subsidising exports is no answer from now on.Competition will now unleash the true character of indian exports.As of imports,indian masses do deserve cheaper foreign products and variety at their disposal.Expansion of internet and media has made indians aware of products available and worldwide flavour. So,i guess rupee needs to strengthen which incidently will have a positive political impact at ground level.

Is a Rising Rupee Really That Bad?

Sir, since independence we been taught that a strong dollar is good for us.So,what we have in india today is wealth is on the side of sectors/people involved with exports.The move from strong dollar to a strong rupee will have to be gradual and also be based on the mindset of policy makers of the day.I do foresee a clear shift to a strong rupee as india is now been touted as a high consumption place.Consumption patterns will need to be closely watched between US and India...one obese,the other starved.I wonder whether there is any need to watch fall in dollar,as rising rupee does not necessarily mean a fall in dollar.