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Indias Mobile Phones Toilets Gap Widens Figures for 31-03-2010
Total Telephone subscriber base. ..: 621.28 Million
Wireless subscription ........: 584.32 Million
New additions in wireless March 2010.:...20.31 Million
Even though there are a lot more cell phones than toilets in India, India still lags behind its neighbors in terms of cell phones.
Cell phone penetration is only 45% vs 53% in China and 65% in Pakistan.
Regional Focus Asia Pacific the worlds largest mobile phone market > Euromonitor archive
April 28, 2010
Karachi: Foreign portfolio investment in the Karachi Stock Exchange reached its highest level since July 2008, according to JS Global Capital.
Foreign investors now hold equities worth $2.3 billion, which constitutes 6.6% of total market capitalisation, said Syed Atif Zafar, analyst at JS Global in a note issued to clients on Tuesday. The total market capitalisation of the KSE, or the total value of all stocks listed on the exchange, was equal to $35.6 billion as of the close of trading on Tuesday. The free float market cap, or the total value of shares actually available for trading (i.e. not held by the original owners) was equal to $8.7 billion.
FIFTY SIX INDIAN COMPANIES IN FORBES GLOBAL 2000
Reliance Industries : Market Value : US Dollars 69.36 Billion
Foreign investment at KSE highest since 2008
Comparison : Reliance Industries Market Value is nearly twice the value of all stocks listed on the Karachi Stock Exchange!
With the market cap about the same as India's GDP, Indian stocks are overvalued, and a bubble waiting to burst.
OTOH, KSE shares have a lot of room to grow. The KSE market cap is a fraction of Pak GDP, and its shares trade at half of the PE ratios in Mumbai.
Are you saying all Indian stock values are equal to India's GDP? Fascinating. Do you have a link?
PE ratios are a function of earnings, past, current but mostly future, so there's no point in comparing them across countries because in theory the future expected earnings in Mumbai could be much higher than Karachi. There's a reason why P/E ratios are higher across countries..of course there's always a case that a bubble may burst, but that does not discount fundamentals.
Which is the reason the Reliance versus KSE mcap argument is powerful. It takes into account earnings, liquidity(in a macro sense), and economic impact.
Bovine poop at best .If I was a pakistani I would not have posted that article for the fear of becoming a laughing stock.More looks like a rant than an analysis at best.He forgets to mention bombs popping in the middle of mosques and processions.Any way I highly doubt the metrics and the authors credentials at best
With the market cap about the same as India's GDP, Indian stocks are overvalued, and a bubble waiting to burst.
OTOH, KSE shares have a lot of room to grow. The KSE market cap is a fraction of Pak GDP, and its shares trade at half of the PE ratios in Mumbai.
isnt this thread about INDIA and PAKISTAN
how come INDIA is being compared with many countries rather than pakistan most of times
Every country is being compared with the rest of the countries of the world in international rankings. Goldman's Jim O'Neil dreamed up BRIC, but he also coined N11, a group of 11 nations that include Pakistan.
Here's an Indian-American professor at UC comparing India with Pakistan and many other nations:
Consider what Indias citizens get for exercising their electoral power. In the 2005 Governance Indicators of the World Bank, India is in the 47th percentile in control of corruption, and in the Corruption Perceptions Index of Transparency International from 2002, India is tied for 88th place with countries such as Benin, Mali and Tanzania. Governance also affects the ease of doing business and the overall business environment. The World Bank undertakes a comprehensive annual exercise on the ease of doing business in a large number of countries. In the latest exercise, India ranks only 122nd out of 180 countries, well below China (83), Pakistan (77) and Mexico (56), though similar to Russia and Brazil.
In a more contentious exercise, India was recently ranked 115th out of 157 countries in the 2008 Index of Economic Freedom (IEF), produced by the Heritage Foundation and The Wall Street Journal. IEF is broader than, and encompasses, the World Banks Doing Business rankings. While the producers of IEF tout it as an indicator of economic potential, it may not be that accurate. China does worse than India on IEF, but has grown consistently faster, and is much richer. Perhaps a better measure of Indias standing is how well off its citizens are, in terms of a range of human needs. The United Nations Human Development Index (HDI) uses life expectancy, literacy and education measures, along with per capita incomes, to measure well-being. India ranks only 128th out of 177 countries on that measure. Unsurprisingly, perhaps, HDI and IEF are strongly positively correlated. Strikingly, though, China does much better on HDI, ranking 81st. Setting aside Chinas income advantage, the biggest difference in components between the two countries comes in life expectancy and literacy, more so than education.
Ranking India - Columns - livemint.com
this article itself was written by indian american proffessorThese type of articles indians dont bother to read.. they just read few lines and come with hilarious excuses.