05-18-2004, 01:46 AM
http://www.webindia123.com/news/showdetail...26&cat=Business
quote:
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"I foresee Indian stock markets piercing its earlier bottom in a very short span of time. Because foreign money, which has come into India built on hopes of reform and stablility will flow out of India and 50 percent of it was hedge fund money, which would always go out, come what may, forcing our interest rates, our fiscal deficit to rise because the government at the center is leftist leaning, it will increase subsidies, reforms will not take place. And I think coupled with rising petrol prices, commodity prices, India is in for a very very bad time," Vipin Aggarwal, director, Longview Research and Advisory Service said in New Delhi.
quote:
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"I foresee Indian stock markets piercing its earlier bottom in a very short span of time. Because foreign money, which has come into India built on hopes of reform and stablility will flow out of India and 50 percent of it was hedge fund money, which would always go out, come what may, forcing our interest rates, our fiscal deficit to rise because the government at the center is leftist leaning, it will increase subsidies, reforms will not take place. And I think coupled with rising petrol prices, commodity prices, India is in for a very very bad time," Vipin Aggarwal, director, Longview Research and Advisory Service said in New Delhi.