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Fri Oct 10th 12:29 PM
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India Outlook: Slowdown Ahead?

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.
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