The Recession !!
I need enlightenment. I need somebody to explain to me. How is it we say we are in recession when our GDP is expected to grow between 7-8% this year, when almost all the companies have declare net profits in this quarter and many have beaten the analysts expectation.
Are we saying that, we are in the recession just because our stock market crashed ?? The stock market crashed because all the foreign investors pulled their money out. The reason for their pulling the money out was not that our economy was not growing, but they were short of liquidity.
As far as I understand, the stock market does not affect the operation of the company. (Rather, I think the operation of the company affects the stock market.) But, our companies are performing well.
I believe, all those industries sectors which cater for the domestic consumers, will not see considerable reduction in their revenues. The industries, which provide services based on cheaper rates, should mostly likely to benefit also, as people will look for cheaper alternatives abroad.
Somehow, as I previously have posted, I believe this is our Golden Chance !! But again, I am just a lay man, who can be very well wrong !!
