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Friday, February 12, 2010

Everything seems to be operator driven in India

Indian stock market has grown at more than 10% CAGR in last 15 years or so. This is absolutely great by any standards but how many people investing in stock markets have made money. Few. Reasons we hear: Markets are operator driven in India i.e. few people control the direction, momentum and magnitude of markets in India.

POLITICS in India has always been notorious. It's getting dirtier day by day. Shiv Sena supremo Bal Thackrey opposed the attack on Indians in Australia by saying that Shiv Sena will not let Australian cricketers play in IPL in Mumbai. A display of love for the country. Truly patriotic. Although Shiv Sainiks keep harassing people who have flocked in Mumbai from UP, Bihar. Are these people not Indians or does Shiv Sena believe only they have the right to attack Indians?

Whole world is looking at India to act as stimulus for growth. Not many times, a nation is at the focus center of world. What India needs is a sound political support to take India to higher levels of growth. Topics discussed should be which sector to bank upon, how to strengthen the large working force India, how to make the large opportunities India has count. But then, like everything else, even Politics seems to be operator driven!

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