If you subscribed to my blog before Saturday (Or Friday depending on your time zone) I sent an email asking your views on Indian Union Budget and I got variety of response. So here is a composition of yours and other fellow reader’s views.

The Economic Advisory Council to the Prime Minister in its recently published assessment of the Indian economy has stated that the economy is to grow by 6.5% in the current fiscal, 2009-2010. This projection by the EAC is more optimistic than Reserve Bank of India’s prediction of 6% and also by the IMF’s prediction of 6.4%.

Once again we have an NFO Closing coming soon and there are lots of questions as to whether we should invest in Franklin build India Fund or not and how good will this fund be and so here is my personal view on the fund.

The Stock Market Indices serve varied purposes starting from economic research to helping investors decide upon an appropriate portfolio for their investments. As said earlier, since the Index is an indicator of the overall mood of the investors in the secondary market, it also helps a company answer questions like is it the right time to take out an IPO, how to price the issue, etc.

Consumption in the US is contracting every hour. India’s savings rate continues to be higher at around 32%, while the savings rate in some of the developed countries are negative. There are no major job losses and people continue to spend on mobiles. TV’S, refrigerators and other things. The wage growth in India is one of the highest in Asia.

Now its not all glowing picture for India because if you are growing at such a high pace then the demand for oil is extremely strong and that could led to a more slowdown story then we can think off.