India stocks close at 2-year high as investors bullish on Modi

[patman]

India outperforming most markets so far this year: Up 11%

Bloomberg News
A pedestrian looks up at an electronic ticker board at the Bombay Stock Exchange in Mumbai, India.

MUMBAI — Indian stocks reached a new high Monday, powered by foreign funds optimistic the country’s prime minister, Narendra Modi, will use his growing popularity to accelerate the pace of change and keep Asia’s third-largest economy expanding as much of the world struggles with slowdowns and uncertainty about how President Donald Trump’s policies will affect trade.

India’s bellwether S&P BSE Sensex 1, -0.12% broke a two-year-old closing record Monday as it rose to end trading at 29,910.22.

India has outperformed most developed and emerging markets this year. The index is up more than 11%, while key indexes in China, Brazil and the U.S. are up between 4% and 8%, and Russian stocks are down. Meanwhile, the rupee has risen 4.5% against the dollar since January.

Overseas investors bought a net $8.57 billion worth of Indian shares and bonds during March in the hope that Modi will be able to step up his plans to revamp the often inefficient and overregulated Indian economy.


http://www.marketwatch.com/story/in...-high-as-investors-bullish-on-modi-2017-04-03

 

[Nilgiri]

There is a rejuvenation in FPI and (more importantly) FDI inflow over last couple years. It is to be expected along with the current appreciation of INR versus most major world currencies.

If India can propel its exports* while this is happening (taking up of the slack created by the UPA govt) and also sort out its NPA before Modi term 2 starts and also get the logistics dividend from GST, there will be a massive qualitative expansion in GDP from about 2020 onwards.

*Esp labour intensive exports. Engg exports are doing well**, but it must be expanded into more sectors to create jobs. This may of course need better credit environment and NPA resolution.

**
http://economictimes.indiatimes.com...o-revive-in-fy-17-18/articleshow/57989100.cms

http://economictimes.indiatimes.com...-to-reach-62-billion/articleshow/57449805.cms

 

[patman]

Haters will hate , India continues to be the fastest growing economy in the world

 

[Tshering22]

Haters will hate , India continues to be the fastest growing economy in the world

As long as the current pace of reforms continue it will grow.

The problem is media doesn't show real development figures which are taking place across the country. You get it in the Narendra Modi App and Doordarshan News. The gas cylinder scheme of the PM has already benefitted over 2 crore people.

But media will only show "beef" ban which is actually only cow/bull meat ban. Beef of other creatures is allowed.

Shows where private media is attempting to take India.

I feel that if we can have a Censor Board for films, a governing body for aviation (DGCA), a Customs board for imports and exports, we should also have a regulatory body for news media, especially private channels which blatantly take political sides.

 

[patman]

As long as the current pace of reforms continue it will grow.

The problem is media doesn't show real development figures which are taking place across the country. You get it in the Narendra Modi App and Doordarshan News. The gas cylinder scheme of the PM has already benefitted over 2 crore people.

But media will only show "beef" ban which is actually only cow/bull meat ban. Beef of other creatures is allowed.

Shows where private media is attempting to take India.

I feel that if we can have a Censor Board for films, a governing body for aviation (DGCA), a Customs board for imports and exports, we should also have a regulatory body for news media, especially private channels which blatantly take political sides.

that's what our media does, it sells controversy over actual content, like serious , who the fuk makes some trashy college news into front page material

 

[Nilgiri]

As long as the current pace of reforms continue it will grow.

The problem is media doesn't show real development figures which are taking place across the country. You get it in the Narendra Modi App and Doordarshan News. The gas cylinder scheme of the PM has already benefitted over 2 crore people.

But media will only show "beef" ban which is actually only cow/bull meat ban. Beef of other creatures is allowed.

Shows where private media is attempting to take India.

I feel that if we can have a Censor Board for films, a governing body for aviation (DGCA), a Customs board for imports and exports, we should also have a regulatory body for news media, especially private channels which blatantly take political sides.

The long term structural result that so far a grand total of 0 of the media houses have covered in any detail is the lower money wasted on subsidies (by better targetting using aadhar+DBT)...and how this unlocking of resources has natural a multiplier effect for more productive forces in the economy (that either get a new previously unavailable injection or simply do not get extracted from as much as before for extremely unproductive spending - which helped those already rich than the poor).

The same media that does not look into one basic number: credit liquidity available to China (as % of GDP) during the major period of their early to mid expansion and compare to what the prevailing scenario was in India during that time period (when India was busy diverting large proportions of its available money stock to subsidies)...and thus what an improving differential of that for India today can translate w.r.t growth and jobs.

I really wish I had the data and time to do such an analysis....but I have neither unfortunately. Sad because our media could do a good job on it (and offer excellent options, suggestions and feedback), but for political reasons they seem to not care. Instead onus seems to lie in NITI aayog internal mechanics....but of course that is relatively shrounded from people like me interested in knowing the topic more. But at least I am optimistic about realised results compared to propping up failed economic theory (which was the majority of Indian independence period)

 

[Tshering22]

The long term structural result that so far a grand total of 0 of the media houses have covered in any detail is the lower money wasted on subsidies (by better targetting using aadhar+DBT)...and how this unlocking of resources has natural a multiplier effect for more productive forces in the economy (that either get a new previously unavailable injection or simply do not get extracted from as much as before for extremely unproductive spending - which helped those already rich than the poor).

The same media that does not look into one basic number: credit liquidity available to China (as % of GDP) during the major period of their early to mid expansion and compare to what the prevailing scenario was in India during that time period (when India was busy diverting large proportions of its available money stock to subsidies)...and thus what an improving differential of that for India today can translate w.r.t growth and jobs.

I really wish I had the data and time to do such an analysis....but I have neither unfortunately. Sad because our media could do a good job on it (and offer excellent options, suggestions and feedback), but for political reasons they seem to not care. Instead onus seems to lie in NITI aayog internal mechanics....but of course that is relatively shrounded from people like me interested in knowing the topic more. But at least I am optimistic about realised results compared to propping up failed economic theory (which was the majority of Indian independence period)

For factual news, I prefer watching RSTV, LSTV, Doordarshan and read only PIB news.

Private news channels are totally worthless.