Hello fellow /india/ns!
Elephant vs Dragon: Why India's economy is in a better shape than China
India is in far better health.
https://archive.is/DTGPu
The crash-bang-thud heard from stock and currency markets the world over in recent days, including its massive echo in India’s Sensex, which tumbled 1,624 points on Monday, is further proof that the snake oil sold as remedy for a sputtering world economy after 2008 isn’t working
If the rest of the world is going down, India will remain an obvious magnet. If the rupee falls, FII selling becomes uneconomic and inflows attractive. The reason for the sharp market fall is simple: when markets decide to move in one direction, they do so quickly. Falls that used to take months when information was slow to travel from the real economy to the financial, now happen in days, if not hours.
Once the bottom is reached, the Sensex will start its upward momentum soon enough. Investors should sit tight, and start investing through systematic investment plans.
https://archive.is/HbU8i
Modi’s opportunity while China is slowing down
A slowdown in the Chinese economy isn’t a terrible event when you consider that Modi is trying to attract manufacturers with his Make in India pitch.
Milan Vaishnav, an associate in the South Asia Program at the Carnegie Endowment for International Peace:
To some extent, we are already seeing that with big investments from the likes of Foxconn and others. Among emerging markets, India is still a happy story. That is not an excuse for complacency but the poor fortunes of India’s peers have provided the Modi government with a useful cushion.
https://archive.is/TipRJ
"I think India will be able to withstand this and come out of it even better," said 26-year-old Preeti, a self-proclaimed avid investor. "My father has always told us to buy when the markets are down, and that's what I'm doing."
It is true that economic growth in India is starting to pick up. The government says economic growth is 7% but is aiming for higher growth of 8%. If it achieves that, it could grow faster than China - at a time when the world is looking for a new driver of global growth.
https://archive.is/vaIN9
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