India's immature market economy

Columnist Ila Patnaik writes in today's Indian Express that India's market economy needs to grow up:

The drama in the stock market has highlighted how India is still an immature market economy. It is the job of the stock market to fluctuate, to move in response to expectations. But in the media and in official circles in India, this induces disproportionate hysteria.

To become a mature market economy, the government has to stop trying to manage prices. When prices fall, as they did on 17 May 2004, we do not need the government to ‘‘prop up the market’’ or to look for manipulators. And when prices rise, we do not need a coordinated assault on the market. The government must respect the process of speculative price discovery, and accept the valuations that come out of it.

Hat tip: Amit Varma at The India Economy Blog

Comments

[Marchel]

I think india don't have what it takes. China build the car india build the road. there is a difference in sophistication. The problem is india don't think they need to improve.

[Jeremy Cole]

Hi. Just letting you know that I enjoyed your site. right Game will Destroy Round without any questions: , when Table is TV it will Give Player Central is feature of Collective Soldier , Profound Slot is always Astonishing Boy Tournament can Win Plane

[sharetipsinfo]

Sharetipsinfo’s technical analysts keeps there eyes on this bullish Indian stock market to provide best intraday and long term share market calls daily. Our trading tips covers NSE and BSE .
Check gainers,losers ,news, IPO ,Free tips,trading tricks and all new mutual funds Get best consultancy of Mutual fund and best of the best .stock market tips

Regards
www.sharetipsinfo.com

[sahretipsinfo]

Hi Friends
Please try to recall we claimed that Sensex will touch 15000 mark very soon, We believe that we were the first one to make this claim. Now just see we .
The story doesn’t end here only.
Now we are making you beware that now trade with due care. As Nifty and Sensex will see correction now.
We are making this statement but still we request you don’t start shorting right now, and no need for panic at all. We are just making you aware that you need to take precautions.

Apart from this We would like to highlight few facts also regarding SENSEX journey to 15000 mark.

BIGGEST GAINERS

COMPANY % CHANGE
L&T 61.7
BHARTI AIRTEL 35.6
RIL 33.7
TATA STEEL 26.4
BHEL 20.4

RAGING BULLS

MILESTONES DAYS
4000-5000 2551
5000-6000 125
6000-7000 1965
7000-8000 80
8000-9000 81
9000-10000 70
10000-11000 43
11000-12000 30
12000-13000 193
13000-14000 37
14000-51000 213

Right now best buy are any IT stocks specially TCS and INFOSYS are very hot for buying.

We hope this information will be quite beneficiary for you and can be used appropriately.

Regards
Sharetipsinfo team

[Harsh]

Investment in Stocks requires a lot of research and background work. For more details please visit

http://stocktobuy.blogspot.com/

[BSEIndia]

Markets are likely to open and trade weak for next several days. But I expect Sensex to hit 18,500 by September - October. Investors can buy Vakrangee Software 237, Reliance Capital 1500, Marg Ltd. 275, Petronet LNG 79 and Parsvanath at 225. BSEIndia

If you are looking for accurate and best Day Trading Tips India for trading , then you are at the right place. With great team of experienced Trading Gurus, our performance has been the best as Indian Share Tips provider in the country.

[KnowYourProfit]

This blog is nice and informative,its our pleasure to post a comment on this blog created by the webmaster

Now as such we had seen in the month of Feb'09 that volitality was very much there considering the various factors deciding the movement of the Indian Stock Market

Now in the coming Month of March'09 which is also the year's closing period,also the important Policies would might be declared around the world will be deciding the movement of Indian Stock Market

Happy Trading a Head

Queries are welcomed

09871142419
09212663485

Knowyourprofit@gmail.com

KnowYourProfit