It seems the emerging markets may now be refereed to as the submerging markets, mismanagement of the economy, structural problems, over dependence on hot money and other issues have brought about the woes they are now facing.The one country which stands tall over these issues are Korea , and to some extent Philippines who have gone through reforms.India too could have been one among them but thanks to the bikering politics, wrong policy and paralysis to a large extent has brought about this situation which we are in.
The only silver lining in the cloud is that we have a strong reserve, and cad which is well contained. The fiscal deficit is one issue which is worrying a lot of people and if it is on the path to be contained this year too then we can breath a sigh of relief.
The market today is going to be very volatile , and with expiry today it makes it even more interesting.
The only silver lining in the cloud is that we have a strong reserve, and cad which is well contained. The fiscal deficit is one issue which is worrying a lot of people and if it is on the path to be contained this year too then we can breath a sigh of relief.
The market today is going to be very volatile , and with expiry today it makes it even more interesting.