I am delighted to start blogging again. Now since the new government is set in place. We shall now look to the future and new updated views.
On the New Govnt.
Firstly congratulations to the people of India who elected a single national party with such a majority. What is highly significant is the flexibility that the new GOI enjoys. We have seen the hickups that the GOI had, but it will be a solid and stable govnt. provided some unforseen circumstances happen. This stability and flexibility that the govnt will have is more important for development of India rather than which party the govnt belongs to.
According to me, some of the main motive that the govenment now has to focus on is:-
- Infrastructure
- Banking
- Power - Generation, Transmission and Distribution
More important than reviving the stock markets is the revival of the Indian economy and the development of our economy in such a way that it once again is race to overthrow China as the fastest growing economy of the world.
These are not just predictions or hopes, but our domestic population and domestic demand is way beyond any other countries domestic dependence. China depends heavily on exports.
Now I shall take your leave and return back with more views on the economy and the markets.
PS - Remember the words of Warren Buffet, Be greedy when others are afraid, and be afraid when others are greedy.
- Mubin Panjwani
mubin.panjwani@in.com
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