A Positive Development in India's Economy

Robert Hsu, May 26, 2009

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And, as you might have guessed, the factors holding India back also have the potential to wreak havoc on the country's stock markets. Following Monday's 17.3% increase, India's Sensex has now gained 41% year to date. Though the potential for a long-term rally is uncertain, it's possible that a rally could continue through the month, or for weeks to come. With additional investor confidence overseas, including the United States, India's markets may continue to buoy as a result.

But I remain hesitant. It will take time for the country's outlook to improve, and since much of the rally this year in India's stock market was in anticipation of the elections, I don't know how long the rally will last. The country may suffer further political instability as it has in the past, which has the potential to dampen the economy further than the previous lows.

So what's next for India? I'll be providing more of my thoughts and insights regarding India in this week's issue of Asia Edge, detailing how I think a political upheaval may affect Asia's third largest economy, plus if and when India will become a smart investment for our portfolios. Don't miss out on this discussion -- join Asia Edge today!

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A Positive Development in India's Economy

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