Mulla Naseerudin’s Speech V/s. PC’s Budget
March
1, 2013
Mulla Naseerudin’s Speech V/s. PC’s Budget
Greetings
from Hitesh! Looking at the media coverage, time and effort after budget, I
remembered Mulla Naseerudin.
Once,
Mulla came to home after giving a Speech. His wife asked….how was the speech?
He asked….which speech? One I prepared last night? Or one I gave today or one I
thought I should have given after my speech got over?
It
has been a ritual for Media to talk about wish list before budget, build up
expectations on how FM should do and after budget talk how he did? What he
could have done? What will market do now? How it will impact to all involved?
On 1st January 2013, in our
article titled “Factors to Keep In Mind While Investing in Equities in
2013”, we had said…….
“2013 budget will be the 2nd last budget to establish their (UPA
Govt.’s) pro-capitalist stand in the minds of domestic and foreign investors.
They will surely take steps to bring down Inflation and pop up GDP.”
Once again our call has come 100% correct…….PC has rejected populist giveaways in an election year. He had sought to win the next
elections not through tax breaks and freebies, but by accelerating GDP growth and taming inflation through fiscal consolidation. Chidambaram
delivered on his promise of fiscal prudence restricting fiscal deficit to 5.2% of GDP this
year and 4.8% next year.
How We Look At
The Budget:-
There was a big
danger of Credit Downgrading when he took over. He had taken lot of measures to
avert, pacified the FIIs and BUDGET is one such measure in the total scheme of
the things. He is working on a well thought out Buffet menu, so those
looking for Sizzlers were disappointed. We will see many more measures
during the coming year to make the Buffet more interesting.
What’s In It for
You?
You are in safe
hands. He has strengthened our conviction in India as a Preferred Investment
Destination as a whole. Great Indian Story will get further push in the times
to come. So, Invest, Invest and Invest in India. FIIs started in 1994 and they
are coming in big way……if you do not make RIGHT moves now, you will be LEFT.
My Personal
Call:-
All Investors by
nature must be an Optimistic. You get the best opportunity to show your
Optimism during the time of Pessimism. So buy when
others are selling…..yesterday first time, Domestic Institutional Investors
were buyers in Indian Stock market. Follow them.
If you need
personalized investment guidance, do contact us.
Happy Investing
Hitesh Parikh.
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