The markets could correct up to 20 percent over the long-term. I'm not looking at any more levels. There is enough risk on the downside.
Andrew Holland
With several swift acquisitions in a short span it will have to start to deliver results, which means using the India advantage on technical capability to show value.
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Everyone was wrong on how much liquidity there is in the market.
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We feel all the ingredients are in place for (rapid) economic growth. We are confident of India achieving growth of 8-9 per cent in (the year to March 2007).
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India has moved from being a small car to a Ferrari.
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risk
I can't comment on the short term situation. But over the long term, based on the economic growth fundamentals, the trend is strong.
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You get a good taste of the whole economy. You are capturing all the growth areas, whether it is investment in real estate or [capital expenditures] or credit-card growth.
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This phase happens every 10 years. For instance, in the 90's, Japan was the happening market and a Japan strategy had to be in place. With the high inflation levels and saturated markets abroad, India's consumption story is real and comforting.
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