The crash in Sensex and decelerating industrial output points recession in India
Ravi Solanki
Mar. 13, 2008

India is headed for a recession that can end in a deep nasty depression. Indian Government allowed large amount of Foreign Direct Investment. Outsourcing of services to cater the US and European markets created jobs and money supply increased. Things are reversing now as US is in deep depression although official statements even deny any recession.

The 30-share Sensex, which commenced the day on a weak note, tumbled by 770.63 points to 15,357.35. Indian government yesterday released the data, which said industrial growth had plunged to 5.3 per cent for January from 11.6 per cent in the same month last year, indicating cooling in economy.

An onslaught of selling by financial institutions gripped the markets as fears of recession in US and India take over the market scenario.

The crash in Sensex and decelerating industrial output points recession in India
Ravi Solanki
Indian government yesterday released the data, which said industrial growth had plunged to 5.3 per cent for January from 11.6 per cent in the same month last year....
READ MORE>>

Railway Minister Lalu Prasad claims by next year the Indian Railways would have a total surplus of about Rs 1,00,000 crore – but neglected infrastructure needs ten times that to avoid accidents in the future
Babu Ghanta
It is estimated the overall infrastructure development and maintenance to bring it to the international standards will require close to Rs 10,00,000 crore. It is exactly ten times the over optimistic projections for the next year.
READ MORE>>

Initial Public Offerings flop as investors lose millions of dollars in India – India Inc. scared of mandatory 25% minimum public shareholding
Prativa Razdhan
India Initial Public Offerings (IPOs) are faltering at an alarming rate. Investors have lost around Rs 3,800 crore so far as 17 of the 20 IPOs listed during the current calendar year are trading at deep discounts.
READ MORE>>

Sensex ends down 567pts, India Inc. in steep decline for lack of innovation
Preeti Singhani
The problems in Indian stock market stems from the lack of innovation by India Inc. – the so called new business culture of copying US business models, grab outsourcing contracts from US and selling western products to Indian communities.
READ MORE>>

India will borrow more and pay Government employees – a bad fiscal policy that mirrors reckless Bush Administration in US
Nitin Agarwal
The fiscal policies that is drowning the US economy into inflation and depression at the same time, are guiding Indian politicians in power.
READ MORE>>

A hike in short-term capital gains tax to 15 per cent will take Sensex below 7,000
Kiran Malini
The analytical models point to the fact that tax increase will severely effect Sensex performance. The stock market crashed within minutes of the announcement.
READ MORE>>

It is a political budget from Chidambaram but has provisions for the poor and those who need help
Babu Ghanta
The budget in general announced a waiver of agricultural loans to the tune of Rs 60,000 crore. It raised the income tax exemption threshold to Rs 1,50,000.
READ MORE>>

MORE ARTICLES >>