Satyam scandal has caused a large drop in Indian markets. This effect is going to be short lived. Consider adding to Indian ETF positions. Our favorite is EPI right here at $10. Add more on dips. www.thearorareport.com THE ARORA REPORT, Ltd. HOME OF THE UNIQUE ZYX CHANGE METHOD DEDICATED SOLELY
India is a big importer of oil and commodities. As prices have come down, they are beginning to positively affect Indian economy. India is considerably less dependent on exports to western economies than China. We believe India will be the first emerging market to recover. The market being down over
Recent trip to India confirms that high inflation expectations are taking hold in the psyche of all important Indian middle class. Higher interest rates and increasing defaults on bank loans are inevitable. Indian stock market is kept elevated by dumb foreign money. Dumb foreign Morey keeps on buying Indian banks,