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'Indian investors most optimistic'
By
siliconindia news bureau
New Delhi: In spite of market volatilities, rising oil prices and soaring inflation, Indian investors have been the most optimistic towards the economy in Asia. As per a survey by Dutch financial services major ING, 76 percent of Indian investors believe the economy would improve in the third quarter while 71 percent feel that the economy had improved in the second quarter.
India's investor sentiment slipped three percent to 163 for the second quarter from the first quarter of 2008. In Asia Pacific region, India is followed by Hong Kong (123) and China (117) at the 2nd and 3rd places, respectively.
Overall investor sentiment in Asia falls 13 percent for Q2 from Q1 in 2008 as global economic slowdown continues and regional political developments weigh on investors. Indian and other Asian investors seem to be "fairly optimistic" that markets would turn around in third quarter.
Talking about the India's outlook, Vineet K Vohra, MD and CEO, ING Investment Management India, said, "One thing going for India is that absolute growth rate of 7-8 percent, still a great number compared to the global average of about 4 percent. We may be slowing down slightly but the economy is still expected to remain healthy."
India's investor sentiment slipped three percent to 163 for the second quarter from the first quarter of 2008. In Asia Pacific region, India is followed by Hong Kong (123) and China (117) at the 2nd and 3rd places, respectively.
Overall investor sentiment in Asia falls 13 percent for Q2 from Q1 in 2008 as global economic slowdown continues and regional political developments weigh on investors. Indian and other Asian investors seem to be "fairly optimistic" that markets would turn around in third quarter.
Talking about the India's outlook, Vineet K Vohra, MD and CEO, ING Investment Management India, said, "One thing going for India is that absolute growth rate of 7-8 percent, still a great number compared to the global average of about 4 percent. We may be slowing down slightly but the economy is still expected to remain healthy."
Reader's comments(3)
1
nice news&&nicearticle
Posted by:
rekha
- Wednesday, October 22, 2008
2
If Reserve Bank of India continues to cut down liquidity into the system by way
of raising Cash Reserve Ratio(CRR) after each update of inflation figures, banks
are really going to see tough time. If CRR goes beyond a particular limit then
BPLR will also align with it which will really hamper the growth in advances.
We can already see growth in creating assets have gone down significantly and
many blue chip companies have postponded their expansion plans due high cost of
funds.
Another promblem is RBI not helping to appreciate rupee against dollar which in
the long run will definitely not help the importers which will result into high
raw material cost ,low operating margins and poor performance.
In my view, right now the prime motive should be to stop inflation rise by way
of putting higher duty on exports of commodities such as steel, wheet, sugar and
also by giving some break to collection of various taxes on crude oil.
Another way can be to let our currency appreciate so that we can buy crude in
dollors by paying less rupee.
of raising Cash Reserve Ratio(CRR) after each update of inflation figures, banks
are really going to see tough time. If CRR goes beyond a particular limit then
BPLR will also align with it which will really hamper the growth in advances.
We can already see growth in creating assets have gone down significantly and
many blue chip companies have postponded their expansion plans due high cost of
funds.
Another promblem is RBI not helping to appreciate rupee against dollar which in
the long run will definitely not help the importers which will result into high
raw material cost ,low operating margins and poor performance.
In my view, right now the prime motive should be to stop inflation rise by way
of putting higher duty on exports of commodities such as steel, wheet, sugar and
also by giving some break to collection of various taxes on crude oil.
Another way can be to let our currency appreciate so that we can buy crude in
dollors by paying less rupee.
Posted by:
ashish
3
No way Indians going to be the most optimistic investors. They are not
interested and not at all optimistic to invest in smart technologies. they just
want money at an early stage,
interested and not at all optimistic to invest in smart technologies. they just
want money at an early stage,
Posted by:
Manohar
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