Hi Jitender,
Bearish Comments Were By Those Who Would Have Gained From Markets Going Down,
However, Fiscal Deficit & Weak Monsoon Are Valid Points To An Extent.
Let Me Take Fiscal Deficit....
Which Country Is Not Running Huge Fiscal Deficit Besides Singapore, To Correct Or Reduce Fiscal Deficit At The Cost Of Growth Is Not Prudent. Deficit Will Be Taken Care Of Once We Are On A Relatively Good & Stable Growth Path.
Now Coming To Monsoons....
In A Country Such As Ours Where 70% Is Agricultural, We Have To Find Ways For Our Farmers To Be Self Reliant With Stable Crops, Instead Of Being Dependent On Mother Nature, Therefore There Is An Urgent Need For Water Harvesting & Other Creative Irrigation Techniques. While New Technology Is Already Present, Awareness & Increased Utilisation Is Important Through Whatever Means Necessary. Think Of Middle East Countries Including Israel, One Always Had A Vision Of Deserts Whenever One Thought Of Them & Look At Them Now....That Is What We Need To Do....While It Is Easy To Voice Opinions About Slowness Of Our Growth, It Is Not So Easy To Govern A Country Of +1 Billion Population. Hope Corruption Reduces In Times To Come & Hopefully Our Last Election Brings About A Major Permanent Change For Better, In Our Country's Political Landscape.
While Many Of Our Companies Doing Well Is Dependent On Outside Economies, Therefore Any Positives From Such Economies Bodes Well For Those Companies. Another Thing To Remember Perhaps Stock Exchanges Around The World Are The Only Stable Leading Indicator.
Happy & Safer Investing
SavantGarde