Posted on: 22-10-04 08:57:19
The third Goldman Sachs report is still bullish on BRIC countries. It has essentially reinforced the conclusions drawn in the previous two reports.
The following links to a news item published in the Indian Express.
http://www.indianexpress.com/full_story.php?content_id=57429
The big question is: Is it time to invest in the Indian stocks?
If the answer is yes, then let us discuss pros and cons of putting investment dollars in the Indian shares.
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Man's Best Friend 
Very good post YoursTruly...
Given the projected growth rates , investing in india is a good bet ...indian corporate sector has great potential .
Maybe a financial adviser could help more but i feel it is would be prudent for Canadian desis to keep atleast some investments in indian stocks and bonds.
Commercial real estate is also a great investment prospect, the only challenge is that without full convertability of Rupee, how to get the remittance here.
Lets hear from any finance guys.
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What can be imagined, can be achieved.
I heard this from the Real Estate , Bangalore . Property has soared in the last 6 months . A friend who brought a flat for INR 15 lacs 06 months back has sold it recently for 21 lacs ................ thats 6 lacs in 6 months and rumors say that the trend is here to stay !!
Beware the "bhu" mafia though .
Manasvi
Quote:
Orginally posted by YoursTruly
The third Goldman Sachs report is still bullish on BRIC countries. It has essentially reinforced the conclusions drawn in the previous two reports.
The following links to a news item published in the Indian Express.
http://www.indianexpress.com/full_story.php?content_id=57429
The big question is: Is it time to invest in the Indian stocks?
If the answer is yes, then let us discuss pros and cons of putting investment dollars in the Indian shares.
I am not really sure if this is the right time to invest --because of the composition of UPA i.e, CPI supporting the Govt and their stand against private sector involvement. At least I don't think this is the right time for investing in companies where Governement still has a stake.
The other problem I faced was trying to find a stock broker who deals with NRI. Banks like ICICI have an internet based service (called ICICI Direct) for NRI's and Resident Indians but they were not open to NRI's based in North America - this information was current as of Feb/Mar. I also tried contacting another stock broker (is is Kothari?) but then they were not dealing with NRI although they had plans to open their services for NRI in future. Haven't heard from them though so far.
Wonder how others have got around this.
Daks
Quote:
Orginally posted by Daks
The other problem I faced was trying to find a stock broker who deals with NRI. Banks like ICICI have an internet based service (called ICICI Direct) for NRI's and Resident Indians but they were not open to NRI's based in North America - this information was current as of Feb/Mar. I also tried contacting another stock broker (is is Kothari?) but then they were not dealing with NRI although they had plans to open their services for NRI in future. Haven't heard from them though so far.
Wonder how others have got around this.
Daks
While surfing the internet I came across a 32-page booklet entitled "Investment Guide for Non-resident Indians". This book is sposored by Citi Bank and Sundaram Mutual. It discusses different ways of investing in India such as stocks, mutual funds, real estate, gold etc. To top it all, it also provides tax consequences of such investments.
I guess this would be a good starting point for somebody looking for ways to invest.
I have this book in pdf format. If anybody wants a copy, please PM me with your e-mail address then I would be happy to send it as an attachment.
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Man's Best Friend
On a related note, I received an e-mail from my BIL who has retired in India as a multi millionaire after a 15 year stint overseas which reads as below:
Quote:
Dear Chandresh,
I have often told u and others that when I read the daily newspapers, I feel disgusted about the situation of our country. But when I read Business Today or similar magzines, I feel comfortable with the developments. Below is a note supporting my views. The note is dated 14.12.03. The things have since thaen further progressed.
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\"Please find some of the informations, about India, given in Pakistan magazine \"The News International\" by \"Mr.Masood Khan\" on December, 14, 2003..
* World's 5 largest car companies are procuring their spare parts from India. In 2002, the export was Rs.1700 crores and it qudrapled in 2003 to Rss.7000 crores. In the next 5 years this will cross Rs.70,000 crores.
* India's HERO HONDA is the world largest Motorcycle manufacturing company. It manufactures 17 lacks motorcycles per year.
* England's popular Rover car company is going to manufacture TATA INDICA the Indian technology car at the rate of 1 lack car per year.
* \"BHARAT FORGE\" had emerged as the largest forging company in the world and supplies its products to world popular companies like Volvo, Toyota, Honda etc.
* \"ASIAN PAINTS\" an Indian paint company has its Manufacturing plants in 22 countries across 5 continents and is the market leader in 11 countries.
* \"HINDUSTAN INKS\" an Indian Ink manufacturing company is producing world largest 1 lack ton Ink per anum with its manufacturing branches at Europe & America.
* \"Escelfbopack\" an Indian Company has manufauring plants in 11 countries and World's 25 %, Pastes and medicines are packed in their product.
* Many Indian Industries keeps getting world popular awards.
* The Popular Austin car company have given order to an Indian company for new designs.
* Multinational car companies like Susuki, Hundai & Ford have started exporting their cars from India and by 2010, they will export around 5 lacks car from India.
* Indian Medicine sector manufactures products worth Rs.30,000 crores per year out of which Rs.10,000 croes are exported.
* Due to better performance of Indian Industrial sector thier share in Indian market has raised from 25 to 65% where as the multinationals share reduced from 75 to 35%.
* Indian Herbal business grown to Rs.4,000 crore per anum.
* India contributes 20% of world's textile manufacturing.
* India is proudly established its own Super Computer where as the other Super computer established countries are only America & Japan.
* India is one among the 6 countries which can build and launch Sattilites. Even technologically advanced countries like Germany & Belgium yet to do that.
* Due to Insat Organization, India had become the very big national sattilte network country in the World.
* 9 out of 10 Diamonds in the world are cut & polished in India being the no.1 Diamond works country in world.
* India & China's business has grown to 104% with in a year.
*India's foreign reserve had raised from 82 billion US$ to 118 billion US$.
* India had returned back the IMF loan before the due date and started funding other countries.
* Indian software is perfect but just 1/10th of the world prize.
* India provides software to 7 out of 10 largest CD-ROM manufactures in the world.
* India spends only Rs.70,000 for producing a MBA whereas in Ameica the expense is Rs.54 Lacks.
* The Eye Cotract operation in India costs only Rs.600 where as in America Rs.7000.
* A Heart surgery in India costs only Rs.40,000 where as in America it is Rs.6 lacks.
* The R&D expense to make a car in America is Rs.4,500 crores whereas in India in half of its expense the R&D is done with same perfection.
* More than 70 multinational companies have established their R&D centers in India.
* Indian telephone & Internet network expanding by crore in numbers.
* 100 out of Fortune 500 companies have come to India to do business while only 33 have gone to China.
So, India is making jumping progress in the World's market which is ranging from Brazil to China,
According to Mr.Masood Khan \"these developments have not come to India in a day or by luck. In India also same situations of Pakistan exists like Dirty politcs, Corruption, arogant officials, poor infrastructure etc. But still India keeps growing every day and nobody can deny the fact. This happens because the Indian people are not just seing the dirty problems around them but they also see the Confidence star on the sky, the growth oppertunity and working for it with self motivation having a target for progress\".
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Please do not misread that i am commenting anything about Pakistan - it is just an article which shows how India is progressing.
My reply to this e-mail was:
Time to think of reverse migration - lest our children will have to face similar difficulties we are facing here in Canada today when they find that they have to move to India to better their living standards.
Last night I had dinner at a friend's place where there were six professional families (including a local medical doctor) and had a similar discussion. We all have high school children or just entered university children. We were all of the opinion that we should built up a strategy where we encourage our children to learn more and more about India and China (and may be Mandarin too), since it is highly possible that they will want or need to migrate to these asian countries after coming out of professional schools 7-10 years later. Some food for thought I would say.
Chandresh
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Chandresh
Advice is free – lessons I charge for!!
Thanks for the post Chandresh ,
Reason to feel proud of being associated with our mother land !!!
Manasvi.
