Well, that’s for China. What about India? For us, 2007 will be a year of taking stock. For the economy, the government and policymakers, it marks the end of the 10th five-year plan, thus raising the need to reassess the targets set in 2002 versus actual performance at the end of the plan period. For the stock markets, unlike the Chinese pigs and dogs, 2007 will most likely mark an intense tug of war between the bulls and the bears. These things are certain!
Now, for things uncertain! Considering the current tight balance, there is less surety on the way the Indian economy will fare in 2007. As for the stock markets, will they be able to repeat their performance of the past two years in 2007 as well? Our answer, “Maybe! Maybe not!” That’s the uncertainty!
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Interview with Ramesh Damani
The first rule is not to lose. The second rule is not to forget the first rule. – Warren Buffett