When asked, as leader of the largest constituent of the UPA Government, to become the Prime Minister, Sonia Gandhi refused, displaying statesmanship and sagacity. Better yet, she astutely nominated Manmohan Singh, a man known for his erudition and honesty, as Prime Minister.
Investing in stock markets in a growing economy like India will generally give you better long term returns than investing in bank accounts. The logic is that, when an economy is growing, it means that the various businesses that make up the entire economy are – in total – growing.
Indian governmental budgetary planners estimate that India will need to boost spending on roads, railroads and power to 9% of GDP, up from the current 5%, to fix their traffic problems, increase trade and compete on a global scale.
Today, I am going to start running the first of the many opinion pieces you sent in last week. There’s more below on the mechanics of that and how you too can get into the game.