India facing slowdown and economical crises but will recover
In an interview by economic times Rakesh jhunjhanwala expressed his views and some of his views are discussed here.
When asked which sector should one consider for investment he replied "One should consider Export sector companies, as the prices of these companies are down but will give good profits in comind 3 to 5 years."
And when asked about investment in Gold he said that he does not invest in gold but gold is a good investment idea for next one year. Over a long run he is not bullish on gold.
Further he spoke about the economical condition of India. He said Indian economy is a slowing down, and facing recession, but it is temporary, it will reverse itself. Markets are like women, always commanding, mysterious, volatile exciting and it is not a joke. Just as you cannot have a good relationship with a woman by brow-beating her, you cannot have a good relationship with the market by trying to bully it. The king is the market. Just as women have emotions, markets have emotions. It is basically a product of the thoughts and emotions of so many individuals.
What RJ said is "Indian Economy is facing crises but will recover". I think he believes that condition will improve after 2014 general elections.
He seems to be sure of Narendra Modi becoming PM or Congress out of power. But i believe conditions will not improve for next 100 years if this government is not thrown.