the increase in GDP is mainly due to multinational companies investment, but not due to any indian's contrubution. This is just like, when the british came and developed our country in a modern way. Now probably US is taking charge. Shame to Indians
RE:slavery at ones own place
by Karthic Kumar on Jun 20, 2007 08:07 AM Permalink
If your US MNC does not belive indians and their capability of productivity why the hell they are investing in india?? you must feel ashame yourself to criticise indians being an indian...
RE:slavery at ones own place
by ASHOK on Jun 20, 2007 10:20 AM Permalink
Vasudev 1)Indian companies are investing abroad in a big way. 2) Investment by Indian private sector within India is far more than US MNC or any other foreign MNC.
RE:RE:slavery at ones own place
by Ajay on Jun 21, 2007 07:47 PM Permalink
True Indian companies are investing overseas, but the money is raised overseas. These overseas companies have thier marker overseas and they make money overseas.
Besides 75% of all new funds injected into indian equity (stock) market is comming from overseas.
Reason stock has gone up from 4500 to 14500 is beacuse low interest YEN has been poured into indian marker by FII. Let interest rates in YEN rise to 4-5% and see the effects.
Take any Indian IT star and compare it's valuation parameters with IBM, HP, Yahoo, EDS etc etc you will see the valution of indian stock is on crazy side.
There is definately a good story in INdian development and no doubt India is growing and will continue to do so, however economic reality does not beget this fast a growth in stock market or currency.
India has to run a marathon and it cannot run it at the speed of 100M runner.
