Bulls Ride...Contd.
Asia plays a key role in the global recovery, but the region could be badly affected if the crisis in Europe deepens, said the IMF chief Christine Lagarde during a four-day trip to Asia.
Now the sticky countries lead by technocrates and hopefully, no more political turmoil in the countries like Greece & Italy. EU understand the fathom of crisis if not managed properly and coordinately.
“The rise of Asia in the global economy is really the defining economic success story of modern times. And so today, it is no surprise that Asia is propelling the global recovery. In all of this, China is very much a leader,” Lagarde said.
India can not be an exception in propelling the global recovery. Indian Government has perhaps awaken by getting thorough Digitalisation Bill and proposed to pass the Multi-brand Retail bill in the coming winter session which will be a trigger for Indian Stock Market. A team has been constituted to approve pending Infrastructure projects, which have been lying with them for want of any ministry clearance.
“Our sense is that if we do not act boldly and if we do not act together, the economy around the world runs the risk of downward spiral of uncertainty, financial instability and potential collapse of global demand... we could run the risk of what some commentators are already calling the lost decade,” she said in her Beijing Speech.
We hope china would understand its role and work for restoration of world economy. IMF in its September 2011 report has estimated GDP Growth % considering the current affairs:
2011 2012 2013 2014
China 9.473 9.04 9.487 9.455
India 7.839 7.533 8.102 8.148
All the above figures says that going forward, India will experience more growth, even than China in terms of precentage increase in 2014. The days are brighter rather than gloom as media presents now.
On the Inflation front, it is likely the inflation will be at 7.5% by March 2012.
When everybody is fearful in stock market, buy equity- so says Warren Buffet. This may be right this time also.
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