I am Varun Parekh from Ahmedabad and currently working in Sandesh-owned new aggregator called Little News.
With an experience of about 5 years I have worked as an analyst and financial writer in companies like Zack's Research and Dynamic Commodities. I have also traded in stock market by formulating strategies surrounding Futures and Options. Time and again I have also conducted fundamental and technical research on stocks on a short term basis.
Being a staunch Modi supporter, I have always believed that whatever decision is taken by his government is for the welfare of Indians. However, the "stepping down" of Raghuram Rajan as RBI governor does not fall into this category.
With almost all political parties adopting a hostile stance towards him and with acrimonious debates on religious intolerance, nationalism and divisive politics casting a shadow on the BJP, winning India in 2019 will not be a cakewalk for PM Modi. However, I think he could improve his prospects by focusing his attention on three key areas.
India has toppled China to become the fastest growing economy in the world in 2015. While such developments are closely tied to the efforts and intentions demonstrated by the Modi government, there's an elephant in the room. I believe that Prime Minister Modi is overlooking a very big and vital factor that might, if not now then later, bring India down. This crucial factor is reservation.
Talking of Akhand Bharat in today's world would make no sense because this would require the unification of India, Pakistan, Bhutan, Nepal, Bangladesh, Afghanistan and Burma. Such a vision is impossible in today's India. The very definition of India has changed for various politicians. While a few think India should be secular, others see it as a Hindu nation. These ideological differences will never ever help India achieve its dream of Akhand Bharat.
Many may call him an anti-Muslim or a Hindu with extremist tendencies, but for me Narendra Modi is the best Prime Minister India can ever have. Even critics cannot deny his intentions for India's development, and he has proved his mettle in a number of tough conditions. Here are some examples.
The British ruled over us because they knew that they could break India's integrity, turn Indians against each other and take advantage of the unrest to rule people. Right now, exactly the same thing happening.
The recent incident in JNU, in which students shouted slogans calling for the destruction of India, brings to question the very fabric of our Constitution. Maybe it's time to write a new one. This is not the first such incident in recent memory that has forced us to evaluate our constitutional basics. Believe it or not, India is at war, a war does not involve weapons but words, principles and beliefs about what is right or wrong.
A few days ago the United Nations pinned India as the fasted growing economy of the world. But if everything is so peachy, then why did the Nifty index break the 7000-level, which was last seen in the pre-Modi era? Are the reforms going haywire or are the policies not hitting the right chord? Well, it is neither. Here are the three critical reasons that explain the massive sell-off in India.
India is country where a chief minister can call Prime Minister Narendra Modi a coward and a psychopath person. A woman can throw a flower pot at the PM's cavalcade and get nothing more than a rap on the wrist. And while this is a free country, does it mean that anyone can do whatever the hell they want? Democracy empowers people with freedom of speech and expression, but is this freedom not misused too often to count?
Free Basics sought to provide internet access for people who are unable to afford it. It was an opportunity for the underprivileged to come to par with everyone else. So what problem did TRAI have with that? Instead of shelving the whole idea, could they not have negotiated and found a common ground with Facebook?
India couldn't have been in a better position than it is today, thanks to the crash in crude oil prices. The crash has helped the Indian economy at a time when countries like Russia, Taiwan and Brazil are facing recession while China's growth is at a 25-year low. It has helped the Indian government revive three things which are critically important to the economy -- inflation, interest rates and fiscal deficit.
Experts have pinned India as one of the fastest growing e-commerce markets. With the ever-increasing penetration of smartphones, the e-commerce world, according to a KPMG report, is set to touch $100 billion by 2020. Keeping this vision in mind many investment companies have parked billions at sky-high valuations. But the real question is, are these valuations justified? Let's take an example.
The recent plunge in global equity markets has led to fears of another economic downturn - one that might be a lot worse than what we saw in 2009. So, why is it happening? Here's a rundown of the various factors -- from the China problem to the crash in oil prices to the Federal Reserve's interest rate hike - that led to a perfect storm.