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Strategies & Market Trends : New India
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To: ChinuSFO who wrote (364)1/10/2009 1:53:13 PM
From: Sam Citron   of 608
 
Financial fraud exists in all countries at all times. No country or sector is immune. As the financial tide continues to roll out, more such cases will be revealed.

In spite of the slowing in India's growth rate, the country is relatively well endowed with a large domestic market, relatively low export or commodity dependency, a growing middle class, and a stable democratic government. As the bubble gets unwound, I expect some pretty good values to emerge on Dalal Street.

Happy new year!

Sam
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