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Economic woes to be continued....
Monday, October 20, 2008
If you thought past few days were tight in terms of liquidity, then think again as after following the conditions for quite sometime, experts believe that this phase will continue, at least for the time being.
Despite the government assurances, good days are hard to come by as the Indian stock market witnessed its all time low in the last week. Incidentally, though stock market showed symptoms of recovery in the past week, after the timely intervention of FM, but it was not enough to pull them off.
Quite interestingly, recently, taking cue from the US and UK economies, Indian government too drafted a remarkable plot to introduce a fresh dose of capital into the banking sector. Although the government proposed bail-out plan fetched an overwhelming response from the industrial sector, however, it was just a matter of time, when the resurfacing stock market and economy crashed again, much to the dismay of the both international and domestic investors. This clearly manifests the inability of government to contain the crisis, that too after they launched a series of massive plans of action to get the things going for the economy.
With Sensex closing below the mark of 10,000 on Friday, it is quite evident that things are going to get more murkier for the Indian economy. Although the intellectuals at the RBI and reputed financial wizards of the country are chalking the way to carve a middle path in the present miserable conditions, a slight mismanagement of events can ruin the chance of reaping the desired affect. Measures like CRR cut, interest rate cut can only be used to calm down things in the short run. If something concrete is craved by the government, then they have to come up with something stunning really fast. Hence, you better watch out as in this low time be prepared to play a waiting game, as it is the need of the hour.
Despite the government assurances, good days are hard to come by as the Indian stock market witnessed its all time low in the last week. Incidentally, though stock market showed symptoms of recovery in the past week, after the timely intervention of FM, but it was not enough to pull them off.
Quite interestingly, recently, taking cue from the US and UK economies, Indian government too drafted a remarkable plot to introduce a fresh dose of capital into the banking sector. Although the government proposed bail-out plan fetched an overwhelming response from the industrial sector, however, it was just a matter of time, when the resurfacing stock market and economy crashed again, much to the dismay of the both international and domestic investors. This clearly manifests the inability of government to contain the crisis, that too after they launched a series of massive plans of action to get the things going for the economy.
With Sensex closing below the mark of 10,000 on Friday, it is quite evident that things are going to get more murkier for the Indian economy. Although the intellectuals at the RBI and reputed financial wizards of the country are chalking the way to carve a middle path in the present miserable conditions, a slight mismanagement of events can ruin the chance of reaping the desired affect. Measures like CRR cut, interest rate cut can only be used to calm down things in the short run. If something concrete is craved by the government, then they have to come up with something stunning really fast. Hence, you better watch out as in this low time be prepared to play a waiting game, as it is the need of the hour.
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