Expert Zone

Straight from the Specialists

If change does come in 2014

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(Any opinions expressed here are those of the author and not of Thomson Reuters)

The market is pregnant with expectations of a change after the general elections which must be held by next May. You would have to travel far and wide before you come across anyone in India’s financial market who is not hoping – even praying – for change.

The mood on the current policy direction is so gloomy that any alternative is looking like manna from heaven.

I am obviously not competent – I doubt anybody really is – to predict the outcome of the elections. In a vast and varied country like India, forecasting national trends with any degree of reliability is hard. But it is safe to say that a strong momentum for change is being built by BJP’s prime ministerial candidate Narendra Modi.

While a victory for the BJP is far from certain, it is still pertinent to reflect on what a Modi-led central government could mean for the markets and the economy.

Taking the Indian economy to a higher orbit

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(Any opinions expressed here are those of the author, and not necessarily of Reuters)

Space research in India has come of age in the last five decades and the country is now in the elite club of countries capable of launching satellites for commercial purposes. What made this possible? An environment made conducive by government policy, objectives clearly spelled out, availability of funds, a homegrown talent pool and international tech support. Can a similar strategy work to take the Indian economy and the capital market to stratospheric levels?

India Markets Weekahead – An opportunity to ride the rally

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(The views expressed in this column are the author’s own and do not represent those of Reuters)

It was a stupendous week with 4.5 percent gain and the closing at 5879, the highest point for Nifty in 19 months. The week started with positive international cues of a Greek bailout, and was further strengthened with Moody’s confirmation of a stable rating for India.

India Market Weekahead: Buy on dips with no roadblocks till budget

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(The views expressed in this column are the author’s own and do not represent those of Reuters)

There wasn’t much point-to-point movement on the Nifty but it was not a listless week by any standard.

The burden of subsidies

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(The views expressed in this column are the author’s own and do not represent those of Reuters)

At the Indian media meet at Cannes, the economist in Prime Minister Manmohan Singh came out spontaneously when he said the prices of petroleum products should find their ‘market level’. For a time at least he ignored political compulsions.

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