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Indian Markets Friday Wrap-Up: Markets Rally Before Poll Results

you should know Mr Rao that theories do not work in India. That is why we see Western attitudes to India
moving from euphoric to pessimistic.Election result
is not a gurantee of good government, but it is an indication what the masses of poor and illiterate Indians think.Let us hope that next time around the same people will act agaist corruption of the rulers.

If you want to look for a theory, call it a theory of hope.

Indian Markets Friday Wrap-Up: Markets Rally Before Poll Results

Expect the markets to jump another 500 points on Monday now the the results for the election are out. Indians have voted for the stability, and rejected the
communal undertones of the BJP. Let us hope that the Congress will now advance the agenda of economic liberalisation, and accelerate the improvement of infrastructue. What India needs now is a good monsoon, and then the country will march to double digit growth in a year or two.Too
optimistic? OK, wait and see.

Why the U.S. Credit Crunch Will Not Affect India

More serious than the US credit crunch is the coming elections and the attendant political meddling in the economy.