July 30, 2013 Leave a comment
Cloud of gloomy news about the Indian economy today…
“The Indian economy has reached a stage where no macroeconomic indicator is in favour. It has large fiscal and current account deficits, a falling currency, slow growth and high inflation. To make matters worse, there is no visibility as to how we will get out of this situation. The present situation and future possibilities indicate a tough ride for the Indian economy ahead.”
“Given mounting economic stress, the credit metrics of corporates are unlikely to show a significant improvement this fiscal year, analysts at India Ratings wrote in a July report. The current economic situation provides limited elbow room to RBI to cut interest rates and for the government of India to embark on large-scale policy stimulus.”
Close to 66% of Indians surveyed by the staffing firm said it was hard for workers aged 25 years and below, to find a suitable job and 79% believed these young workers accept a job below their education level. Over three-fourth (79%) of survey respondents said it was equally difficult for older workers to find a suitable job and 71% of them believed that such workers are often forced to take jobs below their education level.
What should we do?
Media, Ratings Agencies, Polls and opinions do not shape the future. Action does… I believe this is the time to act and invest in India:
– For farmers, the rain gods have delivered the best showers in 20 years.
– For entrepreneurs, bright young minds are eager to work with you on challenging problems.
– For investors, Indian Bank Interest Rates, Government & Corporate Bonds are at all-time high yields.
As the cliche goes, “it is darkest before the dawn”… How will we shape our future?