2007: Of high hopes...
The time for the crystal ball gazing has arrived. What to expect in 2007? Sitting in India, we suppose it is going to be a wonderful year (yet again!). With oil prices softening, markets delivering healthy returns and the businesses looking good in a long time, Indian economy is eyeing a double-digit growth.
Last year has been the year of highs for the economy. India emerged as one of the most attractive investment destinations in the world. The Sensex has been growing at a CAGR of 42% for the last 4 years quadrupling to 13,708 by end of 2006 as against 3,377 points at the end of 2002. The kind of attention showered on the country by foreign investors of the institutional and private kind has been pleasing. Money is being raised in India and overseas to fund Indian enterprises for organic and inorganic growth. Going global has been the new mantra of corporate India. India Inc came of age in 2006.
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Additional Readings:
Additional Reports:
- Info-Edge (Naukri.com) - CSB
- Tech Mahindra - Enam
- India Wireless - CSB
Off-Topic Readings:
Parting Thought:
- If the business does well, the stock eventually follows. - Warren Buffett
