Investing in Turbulent Times

Institute of Chartered Accountants of India Magazine, 2010

5 Pages Posted: 30 Jan 2011

Date Written: September 2, 2010

Abstract

More than any time before, the unprecedented turbulent time brings out the relevance of financial discipline in the public. The current period has witnessed not just the turbulence in capital markets, but also in the overall economy. Except for the period during 2004 to 2007, India had been the country with modest growth rates, big unemployment problem, conservative corporate culture and fighting economy. However, thanks to the impact of liberalization and huge foreign inflows during 2004 to 2007, India has really taken off breaking its shackles both in terms of its capital market performance and growth in economy.

This understandably led the Indian public and corporate world into a ‘mindset of prosperity.’ This trend is reflected in increased spending, aggressive expansion plans, building excessive capacities, increased capital market action, brisk corporate activity and more overall feel good factor. This tendency was understandable for a country seeing the prospects of GDP growth rate of 9% for the first time in its history of 60 years of Independence.

Keywords: India, Indian Macro Economics, Indian Financial Market, Indian Capital Markets, Investment, GDP, Gross Domestic Product, Unemployment, Independence, Turbulent Times, Wealth Creation, Liberalization, Foreign Flows, Warren Buffet, Snow Ball, Asset Classes, Wealth

Suggested Citation

Thunuguntla, Jagannadham, Investing in Turbulent Times (September 2, 2010). Institute of Chartered Accountants of India Magazine, 2010, Available at SSRN: https://ssrn.com/abstract=1751472

Jagannadham Thunuguntla (Contact Author)

affiliation not provided to SSRN ( email )

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