WisdomTree India Earnings Index ETF (EPI)

All Comments on EPI

  • commenter
    rbala99
    Oct 10 12:29 PM
    India Outlook: Slowdown Ahead? [view article]
    This is excellent. My call too has been about a 6% GDP growth for FY2009-10 and less than 5% for the next financial year. There simply is not enough supply and domestic capital can only keep economy growing at 4 to 5%. So, if foreign capital is shy for one year, India will suffer.
    As regards the index, even 9K is a fair level given that corporate earnings will slow down for this year and next. A 12X market is a good one to pick up some good long term bets at decent prices.     Reply
  • commenter
    notulipsform
    e
    Oct 09 04:25 PM
    India Battered by Global Storm [view article]
    If the Indian economy can still grow based on domestic demand, this global downturn can be advantageous to it. The price of gasoline will fall as there will be less demand for it globally. Since India is a net importer this benefits it. But what will the falling demand for service (software etc.( do to Indian export income? Reply
  • commenter
    Glen!
    Oct 09 01:51 PM
    India Battered by Global Storm [view article]
    "The problems which are hitting the Indian economy at the moment, from the rapid rise in inflation to the sudden withdrawal of sentiment have a common origin: the dynamics of the global economy, and it is to these we must now look if we are to be able to sort the wood from the trees about what happens next. Basically, when the dust settles, "

    These are questions that every country in the world is going to have in the next year or two... "Where do we stand relative to everyone else now that the world economy has been drastically reshuffled?"     Reply
  • commenter
    hownow
    Oct 08 10:36 AM
    India Battered by Global Storm [view article]
    Edward,

    Articles like these would go a long way in reviving the Glorious Indian Bull Run.

    It is urgently needed :

    indiaplay.blogspot.com...
     Reply
  • commenter
    captainjohan
    n
    Oct 08 10:15 AM
    My Website
    India Battered by Global Storm [view article]
    sir,
    have you taken into consideration the iNDIAN politicians who play significant suicidal game in India as shown in the case of NANO?     Reply
  • commenter
    Brahm
    Oct 08 10:04 AM
    India Battered by Global Storm [view article]
    This analysis is incisive! It implicitly focuses the reader on the essentials in the differences between the economies (and problems) of that of India with those of an emerging China. Or shall we say developed China!

    The Indian (and also Brazil, perhaps) industrial growth story is still preserved though at a slower pace while that of China faces a significant slowdown or marginal decline. China's economy is much more meshed in with the larger global economy due to heavy export dependency, while India's is less so. The effect of commodities is larger on the Indian economy since it weighs in at heavier relative level in its consumption and much of it based on imports. Thus the effects of commoditities recently on Indian inflation based on this dependency has been much larger. Perhaps, with the fall in commodity prices globally there soon woul be significant relief from inflation for the Indian economy.

    India is also likely to see significant pick-up in investments after the elections expected soon in development of its infrastructure which has been subpar in recent years. The authror's suggestion of the likelihood of the preservatgion of India's growth story is plausible. I would bet that it is highly likely. The one area of concern is in India's poor track record for development and growth of its farm sector and agri-industry.

    Reply
  • commenter
    andyn
    Oct 08 09:34 AM
    India Battered by Global Storm [view article]
    Great article, with good supporting datasets on India.
    I agree with you, when a storm blows, everyone will be affected.
    But India is fundamentally an inward looking economy which means that the global turmoil will be tempered there.
    For long term investors, IBN at $20 is really cheap.     Reply
  • commenter
    Shiv
    Oct 02 11:48 PM
    My Website
    India Outlook: Slowdown Ahead? [view article]
    The Indian Analyst; normally when things turn nasty in an economy, in order to identify a slowdown ahead of the pack I adjust GDP to provide a picture which better highlights the immediate situation. I do not look at the GDP growth based on 99/00 $'s, because inflation since then has been slow except for now when it has escalated. I use the ministry of finance data on nominal GDP and look at quarter on quarter growth adjusted for inflation now prevaletnt. This gives a better feel for what is going on now. Reply
  • commenter
    TheIndianAna
    lyst
    Oct 02 07:57 AM
    India Outlook: Slowdown Ahead? [view article]
    This is an explanation on Shiv's comment. The GDP data normally talked about is real GDP. So inflation is not part of it. As per official data, India has never had a recession in its history

    But sure, official data has to be taken with a pinch of salt. I dont think anybody knows what is the real growth rate in services sector     Reply
  • commenter
    money penny
    Oct 01 12:04 PM
    India Outlook: Slowdown Ahead? [view article]
    I agree with Shiv that GDP has already shown significant slow down (net of inflation). Last few years has shown that GDP growth rates is driven primarily by service sector (~72% weighted contribution) while employing less than 8% of the population. In contrast, the agriculture sector has contributed less to GDP growth rates (~10% weight contribution) while close of ~60% population depend on it. Similar gaps can be seen with infrastructure also. This imbalance cannot continue forever. There has to be reversal to mean growth rates. While one can hear in loud speaker of Indian great story, majority of the population is not benefiting from it. The consistent growth rate can be maintained if India addresses all aspects of economy (not just the service sector – primarily driven by exports). If private sector and FII investments go to industrial/service sectors, why can’t govt focus its spending on creating platform/policies for agriculture and infrastructure ?
    More data on www.galatime.com/2007/.../

    Reply
  • commenter
    Shiv
    Oct 01 10:25 AM
    My Website
    India Outlook: Slowdown Ahead? [view article]
    Look at India GDP for the last several quarters. Net of inflation, there has already been a significant slow down. Perhaps worst than what we saw in the prior 10 years; in a sense, real GDP has contracted. I expect this trend to continue for a further six months and believe that it is substantially priced in, with unlikely downside potential to 9500-10000 range.

    I feel we are in a situation where interest rate cuts can begin to flow through after 6 months (max maybe 3 months); this together with several catalysts (Commonwealth Games, NSG etc.) should reignite growth. Foreign capital flows coming back (or at least not being withdrawn) will be another positive. Only factor to watch out for is politics; a single party in majority is unlikely, but a strong coalition is desirable. Both leading parties are capable of formulating good growth policy, so I have no preference. Only caution is that people should not expect the irrational fwd multiples we had while market traded at 21K. For next year a sensible expectation if growth returns is 16X 2010 fwd earnings - i.e. 17k-18k levels.     Reply
  • commenter
    captainjohan
    n
    Oct 01 08:40 AM
    My Website
    India Outlook: Slowdown Ahead? [view article]
    have you factored the bailout India may be asked to do to Bush and co? Reply
  • commenter
    affinor
    Oct 01 05:24 AM
    India's Sensex Likely To Trade in 11-13K Range Through 2008 [view article]
    Just wanted to comeback and compliment the author. His analysis was very simple, yet much more accurate than anything I heard. Reply
  • commenter
    The hand
    Oct 01 04:30 AM
    My Website
    India Outlook: Slowdown Ahead? [view article]
    to understand the indian economy, you really need to analyze gdp on a per capita basis to understand if there is any real gdp growth.

     Reply
  • commenter
    Shiv
    Sep 26 10:19 AM
    My Website
    India's Approaching Age of Basic Materials [view article]
    hownow - capital goods in India is domestic led. They are supplied first by domestic material suppliers and next by international material suppliers. The domestic suppliers are somewhat dis-advantaged at present because they cannot compete internationally. However, in the long run, the Indian demand from capital goods is of such significance that it can move the global material markets. In that sense, materials becomes a domestic story and in this situation, Indian material suppliers are in an advantaged positions. We do see India as being significantly influenced by global credit markets. If global financial services starts the healing process we will change our sector weightage.

    At present, FMCG & Staples are over-weight positions; these will go to under-weight with an over-weight in financials as soon as the chances of success of the bail out package are estimable. We will shift into early cyclicals like technology and discretionary as once financial services outperforms. Once IT & discretionary commence out performance we will switch over weight to materials and capital goods. We are always 100% invested and we rotate sectors based on Sam Stovall's economic cycle.     Reply
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