There are day-traders in India sure. Online trading is not legal yet in India,first they have to pass some E-commerce laws which I think is in the works,in a couple of years or sooner India should have online trading.
As for Brokerage houses or banks with ipo spins,are we talking Indian exchanges or the U.S? I know TimesBank IPO is coming out end of this month but it will trade in India not in the U.S,there are a few other software companies that should hit the Indian exchanges soon as well.
ZeeTelefilims,NIIT,WIPRO,Satyam and a few others are all in the process of getting listed in the U.S.
As for energy shortage, yes this is true but many mega power projects and mini projects are being implemented across the country soon may states should have overcome this problem.I know Maharashtra will soon be a surplus state,Kerala should have enough by 2000 I believe.
But computers still are not as pervasive as in the west or even other Asian countries but PC sales to the households are growing at a brisk pace and internet rates are coming down on account of competition. ZeeTele's citicable is going to provide internet connection through cable starting with Delhi and they are planning to roll out the service to major metros within the year or two.Also keep in mind internet appliances are going to be introduced soon by BPL,Videocon and others which will be cheaper than PCs,this will definitely boost the internet subscriber base.
Sam Petroda's World-Tel has already signed multimillion deals with Tamil Nadu,Kerala,W.Bengal and a few other states to make Internet available to most in these states. |
