Call it Rathodics, Rathodology, Rathod-gineering, or Rathodistry; chances are high that you will find lot of useless things on this blog. Nevertheless, I thank you for visiting my blogsite, and hope you spend sometime reading the blogs and commenting on them. Further, you can visit me at http://www.unm.edu/~srathod

Friday, January 28, 2005

Anti MNC groups on the current state of the stock markets in India.

The BSE Sensex has been pushing forward like it never did in history before. Early on in the month of December, there were polls on whether it would cross the 7000 barrier in 2005. Then, the BSE Sensex skyrocketed with such celerity that the poll question changed to whether it would cross 7000 in January 2005. However, early January saw some bearish behavior and the BSE Sensex is hovering between 6000 and 6500 as of now.

This bull run of BSE Sensex was attributed to Foreign Institutional Investors (FIIs) pumping in the money in the Indian economy. This was also cited as the reason for the projected 8% growth rate in India, and the ever-improving economy in India.

My point in writing the above facts is asking what those people, who are against MNCs coming to India, have to say regarding this economic growth. Agreed that the affects of MNCs coming are not exactly black or white, and that there are lot of grey areas. It's just that I wanted to know their view, those who are against the opening up of the economy, on the economic growth of this country.

Any anti-MNC reader among my already slim readership?


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