Indian share markets today closed in a weaker note but that did not spoil the good news- Indian main stock index have become 20% higher in the first quarter (January-March). This is the 4th quarter of gains for the Indian shares. Money is pouring into the Indian share markets from home and abroad. Investors are upbeat because of the fact that Indian economy is growing at an 8% and almost every day their news of large international companies outsourcing their jobs to . Thus it is natural that the share market is doing well. However, it seems that Indian share market is only going up and this is something to be worried about. Many times, we have seen that excessive increase in a share market can cause catastrophic consequences for an economy.
Earnings from shares contribute a good portion of expenses for many families in India
It is obviously positive side that Indian economy is growing day by day. Good news is that they are getting popular for outsourcing jobs too. May be it is the reason to increase their economy. Some economists said that it is not good for the country either. I don’t know why. But I am happy for their development.
Posted by: kamrul hasan | February 19, 2009 9:18 AM | Permalink to Comment