Hopes for the Indian Economy

Is it too soon to talk about India’s economy looking up?. For people who had invested a while ago is praying for it to level up from its dampening 2 years of low-lying-ness. While some are investing now taking full advantage of the depressed situation before the revival. Our Finance minister too promises of a better situation by coming October so can we really ignore all the speculations? – Rather we want to believe in them desperately.

This extended weekend ended with a positive Monday morning with the sensex up by positive numbers. Hope the positivity continues.

The Indian currency too has had a bad year. It fell to Rs 39 to $1 in January 2008 to almost Rs 50 to $1 in February 2009. The rupee needs to rebound and value up against the dollar again. We are all creatures of hope and optimism and it does pay off most of the time.

The light bulb flickering is ONLY temporary, India has been there, done that and will rise up to the good times again. The biggest risk to India in 2009 at this point may not be the global economy issue but domestic politics that needs more attention at the moment.