- What is the percentage of Indian IT industry caters to the US clients?
- How much of the boom in the real estate market can directly be tied to foreign and NRI investments, as well as to the newly rich and hip IT workers in India (a vast majority of whom work on US projects)?
[photo courtesy: BBC.com]
[Quotes from an article at bbc.com]Investors in India are calling it a market meltdown. The drastic fall in the value of Indian shares took investors here by surprise. No one had expected the impact from falls in regional markets to be so pronounced in India.
"It doesn't make sense for markets to fall so much," one investor said as he looked up at the flashing red arrows.
"We are the worst affected out of all the regional markets, but we were performing the best before this. It just doesn't make sense.
"I've lost a lot of money today and I don't know what to do next."
"I thought this was somewhere I could put my money safely and grow it, rather than putting in the bank like my dad did," said Gauravi Sharma, a first-time investor.
"My parents had never invested in Indian shares, they said it was unsafe. But I thought, after everything I heard on TV and in the news, that this was the right place to put my money. Now I'm not so sure."
Indian investors have just learned a harsh lesson. No matter how quickly a market goes up, it can fall just as suddenly too.
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