Today market is inching towards 12000 mark.
Suddenly something has happneed to indian economy , its growing again Strange but True ?
This is the time when all other countries are facing huge downfall in their stock market including Japan, Russia, China , America etc.
But we are moving again higher and healthier.
Possible reasons may be
1) The Reserve Bank of India cut its key short-term rates by 25 basis points each on Tuesday to shore up faltering growth in the face of the global economic slowdown.
2) Steps taken by Government of India
3) Last but not the least - Which offcourse is the important reason of growing economy again.. from last two months.
Money used during the election campaign.
Election commission have projected that a minimum of 300-500 Crore INR of money will be invested in Andhrapradesh itself.This is for buying liquor and giving cash to the voters , The worst state in terms of usage of money is Andhra where almost 60-70 % Voters are bribed every time before the election as reports given by Election commission.
So where does this money came from. Offcourse this is what we pay, this is tax payers money which we pay to Government of India and Government gives this money to Ministers to help the citizens and provide them the basic needs which they are entitled to.
But that doesn't seems to be the case. This ministers first kept this money in banks outside India and now bringing back to invest in several ways like transport (vehicles used), bribing voters in villages , roads being built as a minister reaches to remotest place for getting votes and many other things.
So the money which was supposed to be invested 3-4 years earlier, is reaching to people in other forms ultimately. But this is only 40% money which is being invested by corrupt ministers of the total amount.
I have taken only example of one states just think how much money is coming back to India during this elections ... Just imagine .....
This is offcourse a reason why economy is booming again.
Regards
CAclubindia
