.

Respected Members,

Growth is never by mere chance; it is the result of forces working together.

India was the best place for investment last year. The majority of emerging market funds is overweight. With China rallying and a bear market rally, commodity exporting countries' investors have been forced to re-balance resulting in forced selling of India. This is the major reason why markets have been struggling for the past six weeks. In mid-March, the dollar index briefly moved above the 100 mark, but it failed to maintain the momentum. This was partly a function of US economic weakness. Crude oil prices made lows in the beginning of the year and a higher low coincidental with the dollar reversal. And this started a rotation of trades out of long dollar, long Europe, Korean tech and India. The money rotated into the stressed Brazilian currency. I am optimistic about India. It is forecast that India will be a fastest growing major economy. High relative growth and reforms support the bull market. J.P. Morgan continues to advise clients be overweight on India.

Read More...
Office Bearers
CICASA NEWSLETTER

Proposed Building of CIRC

Announcements...

Central India Regional Council of ICAI | Privacy Policy | Register | Login
Designed by induswebi.com