India growing at 9% and going on.... Halt!! It is time to sharpen the saw.
Economy can never be trained or set as a process.It needs constant revisit for the road to future and to design a clear strategy for growth sector.Big money cycles which originates with foreign investments are now showing how wild these demons can get. Current down trend in global market will see emerging market revisit their strategy.Time has come where focus need to turn around from just infra and IT to manage Rupee-Dollar ratio and foreign investments.
Recent example $3bn IPO from big industry house which attracted $100bn of application, only thing is that is opened and closed at 30% discount. I think issue was too aggresively priced without even a single project going live. This can be linked to complacency getting developed in Indian markets. Assumptions made are optimistic appraoach on earning 100% return on every rupee invested. Last week too, Emaar, Builder of famous Al- Burj, World tallest tower of the world failed to attract investors for IPO which led to company withdrawing its IPO, same with another company Wockhardt. SO I think people should expect the blame that they thought of such IPO with so much of hype and when things went bad, thewy blame markets, company etc etc. People, please accept that dreams are going irrational now.
Today India talks about high growth, development. Recently started New Delhi- Gurgaon expressway and woes that is being witnessing daily reflect that we still are far away from infra experts. New international bangalore airport still doesnt have road connectivity, and we talk about development. I think infra story still need a revisit here to be so optimistic about this grwoth sector.
Market correction is giving India its real valuation, which means Indian market were overheated and I am surely positive that this correction was for good future of India
Recent example $3bn IPO from big industry house which attracted $100bn of application, only thing is that is opened and closed at 30% discount. I think issue was too aggresively priced without even a single project going live. This can be linked to complacency getting developed in Indian markets. Assumptions made are optimistic appraoach on earning 100% return on every rupee invested. Last week too, Emaar, Builder of famous Al- Burj, World tallest tower of the world failed to attract investors for IPO which led to company withdrawing its IPO, same with another company Wockhardt. SO I think people should expect the blame that they thought of such IPO with so much of hype and when things went bad, thewy blame markets, company etc etc. People, please accept that dreams are going irrational now.
Today India talks about high growth, development. Recently started New Delhi- Gurgaon expressway and woes that is being witnessing daily reflect that we still are far away from infra experts. New international bangalore airport still doesnt have road connectivity, and we talk about development. I think infra story still need a revisit here to be so optimistic about this grwoth sector.
Market correction is giving India its real valuation, which means Indian market were overheated and I am surely positive that this correction was for good future of India
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