Saturday, June 28, 2008

Where Indian economy is going ? : By Niranjan Mehta

Where Indian economy is going?
It is going to South, very soon by end of year 2008 and starting 2009 you will see stock markets will go down to 10000 level and real estates will go down significantly, and more and more foreclosed Apartment and house with banks, More Auto & auto bikes owners will be behind in payments.

Most of the so called economics or financial wizard never realized a very smart move by American financial institute at beginning 2000.
They created 30-40 of their agents like Mr x, Mr S, Mr M, Mr A and work with them in collaboration with new products, mobile phone markets, super market, construction and construction material manufacturing, technical market and redevelopment, all mayors of big cities , all chief Ministers of states and big and Small Corporation come under their trap with slogan "booming economy". Low interest money poured in to market with little risk or collateral. started new song of big buzz of India's economic power and great growth of Indian economy, new middle class and so on. constant brains washed propaganda from various pro American agents kept on. With that money, and great marketing tool and most or worst selfish businessmen of India aided to create newer companies with share holders injected money every one American dollar bring 80-90 dollars from public investment. Basically, they sold 1rupees worth of stock for 100 rupees to people and kept Nasa (intoxication) on, with great marketing gimmick and great report with Indian economy through media, they were even able to create inflated growth and progressed through data with men created positive Datas.
Every few month newspapers started publishing report how many billionaires’ now India has , but bunch of innocent people never realized or failed to figure out, how those billionaires suddenly popped up over night ? If today Mr Singh or Mr Ambani become billionaire , they become at the cost of ignorant Indian investors or the money they received from an average Indian investor.
Last one year most of American hidden financier started pulling back their money by selling notes or risk to an Indian bank or cashed it out their risk to local banks or financial institutes. Those loans now become risk of Indian banks, now when borrower does not pay his loan repayment, local bank loose money. I personally cannot tell how many trillion dollars they suck out of India and Dubai, but it could be massive.
The irony of it, still bunches of this stock analyst and economist keep on singing stale songs of booming economy of India.
Real difficult year Indian will see after bush Administration. Especially, in technology and real estates markets. It is sad part that people of India still see these business men as god.

: By Niranjan Mehta

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