Last couple of day the news channels are shouting on top of their voices that we have entered in a bull market, India can maintain the already published growth. I did some research on this subject and after analyzing the data, I can see only the analysts and economist predicting the growth story.
If you look at the data of Reverse Repo, it has crossed 100K crore everyday. The data shows a deposit of 133K crore and a credit of 38k crore. This mean the banks are feeling safe to park the money with RBI in spite of losing 0.25%. RBI offers an interest rate of 3.25% and the banks give its customer an interest rate of 3.50% on saving.
Warren Buffet one of the famous investor in our times says
http://www.cnbc.com/id/31526130
1. The economy is in shambles
2. There are no green shoots visible yet
Maybe He is talking about US companies due to his large presence in the US companies but if US sneezes than India catches a cold (business wise).
Kris of Infosys (I find one company who management is very ethical) says:
The only signs of growth are coming from media and analysts but there is nothing coming from the Clients.
These days you will find many agents of AMC (asset management companies) calling your home trying to sell their dreams, kindly read tru their offer documents and understand the market before any investments. Best is to ask the agents to do the calculations on excel or papers first before investing. The only safe investment now I can see is bank FD or any liquid fund.
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