Trading the Globe: inflation in India

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The Mumbai market has suffered over the last few months due to, among other things, fears that inflation will curb India's economic growth. Two months into 2011 and India is distinguishing itself as one of the worst in the world right now, down 14%. What went wrong? Along with recent corporate scandals, inflation has been a huge factor here. India is a large importer of many core commodities -- the country is known for being rich in human resources but not extremely well endowed with oil or metal -- and so as commodity prices around the world climb, it is a risk factor. However, the country is so oversold at this point that this may be a buying opportunity. India still has a strong growth story, even though it is unloved at this point.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , International , Stocks

Referenced Stocks: IBN , TTM

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