The Pharma sector is
closely watching the health situation in India.Since this past fortnight the Swine Flu menace has gone from being a “someone else’s problem” to being
something that’s in your face and capable of infecting your own kid. Things
have only gotten worse since the death of more than twenty people in the
country due to Swine Flu. With Pune so far being the worst affected city, a
shutdown has made folks aware of the dangers. The market men have noticed, the
pharma sector thanks to the Swine Flu global pandemic is a near term 'play'.
For the first time since October 2008
the benchmark Sensex of the Bombay Stock Exchange has closed beyond the Twelve
Thousand Number. The achievement is not a sign of the fact that the country has
waded through the worst economic storm in fifty years but is an indication that
we’re at least getting there. Dalal Street can finally afford to give out a smile;
restless traders can afford to wipe the sweat of their brow because the
buyers are finally starting to return.
For a country of more than a billion the biggest asset for India is its vast teeming population. It’s been one facet of India which is so dominant yet in economic and financial issues is being brushed aside. For sometime now, government officials have been saying that India can weather this global financial meltdown because the internal and domestic demand for goods and services will ultimately save them. This as we know is a far fetched notion, but there is a lot of truth in the fact that India’s very own domestic demand is capable of denting much of the impact of the global financial crisis.
For a country of more than a billion the biggest asset for India is its vast teeming population. It’s been one facet of India which is so dominant yet in economic and financial issues is being brushed aside. For sometime now, government officials have been saying that India can weather this global financial meltdown because the internal and domestic demand for goods and services will ultimately save them. This as we know is a far fetched notion, but there is a lot of truth in the fact that India’s very own domestic demand is capable of denting much of the impact of the global financial crisis. 