Blame it on S.R.!- II

Indian GDP was growing at a 8-9% p.a. growth rate 2009 onwards while the whole global economy was recovering from a recession. But then Subba Rao with his convoluted thinking decided to put an end to this growth for the benefit of the so called common man by raising interest rates for taming the inflation.
When a car is going at a steady speed & a good driver wants to slow it down, he takes his foot off the accelerator & mildly presses the brake pedal to slow it down. But S.R. like a drunk driver hard pressed the brake pedal as well as used the hand brake resulting in the car doing a wheelie & almost pointing in the opposite direction (read the rise in interest rates slowing GDP growth). In the process the brake & the hand brake, both, break down. Similarly S.R. has used the rising interest rates to derail the Indian economy in which he has succeeded but has failed to subdue the inflation suitably. S.R. has finished his armoury of raising interest rates & now trying to fool everybody, just like the driver whose car has lost both the brake & the hand brake, he is saying that he will not be using the brakes (read he will not be raising the interest rates further). But we know the brakes have failed & hence cannot be used. But unfortunately the damage to India’s growth has been done.

Another factor coming into play in this scenario is the inferiority complex of Indians. If the west has recession, then S.R. wants that too.
High GDP growth rate & inflation are two sides of the same coin. I think for a country like India with approx. 30% of population below poverty line, we should have HIGH GDP growth as the first priority.
Still keep your faith in equities & keep on buying well run, high growth cos.. u will make good money over the next three years.