Seriously clueless

India, private equity and more ...

Thursday, February 15, 2007

Overheating and all that

Since India's overheating (or not) seems to be the hot topic nowadays, I figured I may as well add to the clutter of comments on the topic. My comments on the now-famous Economist article -

The Economist's main message seems to read - "India's current pace of growth cannot be sustained, let alone increased, without further reform". The issue of - "what is a sustainable rate of growth for India's economy, in (a) status quo and (b) with further reform"- is so complex, nuanced and subjective that its hard for us non-economists (and possibly many economists) to have a definitive answer on the subject.
Without getting into the sustainable-rate-of-growth question, some of the more objective points raised in the article are valid and reflect some of my concerns as well. The points being made are two-fold, one with immediate and the other with longer term implications -
(1) The economy seems to be overheating, indicating that current levels of growth may not be sustained. The main signs of overheating mentioned are rising inflation, high(er than optimal) capacity utilization, steep credit growth and high current account deficit.
(2) Without substantial improvements to infrastructure - both hard (roads, power, irrigation, water supply) and soft (education, health) - and labour-reforms, India's long-term growth can be seriously hampered. While 'overheating' is a subjective term, I agree on rising inflation being a serious concern. The recent RBI monetary review focused almost exclusively on inflation, and there are no easy answers to containing inflation without slowing growth. In a democracy, inflation can even bring down governments (as it happened a few years back when onion prices rose sharply). High inflation has been mainly driven by rising food prices (over 9% in primary articles), which have to some extent been affected by domestic food production (either lower in absolute terms or slower growth across rice/wheat/pulses compared to the previous year). Among non-food/non-agri products, only cement has seen dramatic inflation (17%). In addition to RBI's monetary policy, the government is also taking sector-specific steps (e.g. allowing wheat imports) to reduce inflation and has some headroom to further reduce petroleum prices. While inflation is a problem, it's too early to definitively judge that this cannot be managed without seriously slowing growth. To put it in perspective, we're into year-5 of 8% growth and we are seeing inflationary strains only over the last few months. Asset inflation (ie. real estate) is a different story, though this affects the (non-voting) middle-class more than the (voting) poor. This becomes a separate discussion on real estate.
While the other points on 'overheating' are directionally correct, I dont see them as speedbreakers. Given Indian companies' propensity to be stingy in how they spend capital (high RoEs), utilization levels do tend to be high until new capacity comes online with a lag. Apart from cement, there havent been steep price rises due to demand-supply mismatch. Steep credit growth has to be viewed in the context of a low base (mortgage:GDP is still under 6%) and the issue is more around quality (once again, real estate) rather than quantity of credit. Current account deficit is largely due to oil-imports, and non-oil import growth has actually slowed in 2006 (grew at a measly 11.5% in H1, FY07).
The second point on infrastructure, education, labour-reform etc is spot-on and something that a lot others have emphasized. In the long-run, these will decide India's sustainable rate of growth. While we've seen early signs of physical infrastructure being improved, we havent done anything to address the other areas. Being a democracy, areas like labour-reform would be really tough to push through and may never happen. Demographics can only ensure that the working age population grows faster than the total population. Whether this army of workers is productively engaged depends on opportunity creation (without infrastructure & some labour flexibility, we wont have enough manufacturing jobs) and skill-building (ie. education).
I think the Economist is right to the extent that India's not earned the right to grow at 9-10% just yet, and has a lot of reform/infra-building left before getting there. While we hope for this growth, I dont think anyone is taking this for granted. However, it seems too harsh pronounce 8% growth unsustainable based on one quarter of high inflation.

185 Comments:

At 9:18 AM, Blogger thINK said...

I agree with you to an extent. The challenges in terms of infrastructure, power sector reforms, education, employment can not be undermined. However this does not mean we can say India has not earned to grow at 8% and beyond. While the pace of reforms has been somewhat selective in terms of what some sectors has achieved, the fact that there is change in attitudes and thought process to liberalization can not be ignored. The success of telecom sector can also be replicated in sectors like Power and Infrastructure and possibly there is a way forward.

Over heating is not a concern, concern is that we need some dynamic leadership which can create a future for India.

 
At 1:25 PM, Blogger Aditya said...

Economists are like Gods... very hard to figure out what they really want you to think...

While the 'do' factor is a different ballgame. Great actions are seldom guided by 'sound' advice.

 
At 3:52 PM, Anonymous Shantanu said...

Anand,
You and your readers may find this interesting:

"Overheating India" is the new cool...
http://global-themes.com/overheating-india-the-new-cool/

 
At 1:10 PM, Blogger Mohit Kumar said...

nice work man , keep it up

if you own a website or a blog, you can earn money, visit
http://paisa-kamao.50webs.com

 
At 12:11 PM, Blogger Mohit Kumar said...

nice work man keep it up...
its really worth spending a moment here ..

well as you doing good ... are you interested in making money from the traffic you getting in your blogs... if you really interested to make money from your blog then visit http://paisa-kamao.50webs.com

 
At 7:34 PM, Blogger Mohit Kumar said...

nice work man keep it up...
its really worth spending a moment here ..

well as you doing good ... are you interested in making money from the traffic you getting on your blogs... then visit Tips to make money From blog

 
At 6:12 PM, Blogger Krish said...

Hot topic or not, it sure seems like a good omen to me.

Each time someone said so, the Indian stocks raged and I made 100% plus returns on my investments made slightly more than a year back.(Hence qualifies as long term and zero capital gains tax incidence).

Let someone please keep saying that since my other stocks are not exactly an year old yet :)

 
At 2:44 AM, Blogger ankurindia said...

private sector companies are spending a lot for infrastructure . as far as growth is concerned dont think there will be any slow down soon . reason is companies just want to do there best to retain top position .

 
At 4:50 PM, Blogger Anil Gupte's Video Blog said...

Anand:
first, please set your blog to moderated comments to keep out the bozos like Lingerie India and Mohit.

Second, what exactly is wrong with "over-heating" in an economy. If we take into account 9% inflation in order to get 9% growth - so be it. The inflation will always be lagging growth, so we will be ahead. And India is such an efficient market when it comes to pricing, we can still control costs at the personal level.
I just think Greenspan was raised puritan (yes, I know he is Jewish) - it is the only way to explain why he had conniptions whenever inflation threatened to reach 3%.

 
At 2:55 AM, Anonymous Apul said...

I agree with what you say here. There are definite challenges in the sectors mentioned above but with the kind of development India is going through, the targets to achieve are not far away.

Apul

 
At 3:05 PM, Blogger AP said...

Hi, I like your blog’s concept.

I like to exchange a links with your blog.
My blog is

If you agree than drop a line with same content in my blog! Don’t forget to send the reciprocate link with it!

 
At 9:01 PM, Anonymous wall panels said...

i don't think the slowdown will come too soon

 
At 12:09 PM, Blogger frontierblog said...

I cannot agree more, actually I wrote a similar post weeks ago

Edward

Frontier Blog - No one ahead, no one behind
http://www.hwswworld.com/wp

 
At 12:12 PM, Anonymous suman said...

gr8 article.... infact we need some more supervision in some fields like real estate.

as im a home loan cordinator and i closely watch wat happens in indian real estate sector im afraid we are going to repeat the US story

Thanks & Regards
suman

 
At 3:40 PM, Blogger TSR said...

MAX PROFITS TRADING JUST NIFTY,NOTHING ELSE..!!

www.niftyviews.com

Hi Friends,we have high success rate in nifty calls,our testimonial is our clients with whom you can chat online in our live chat.

We dont just trade, we create wealth.

Every small and big investors can make money through our nifty calls, trade from 2 to 20 lots to get huge profits consistently.

We top it up with attractive rates which you will make up by just trading 1 call.
Yes, we are that confident of our calls.

Come online to our 24hrs free chatroom where 200++ members trade together at: www.niftyviews.com

Also check the performance before you suscribe at: http://tsrnifty.blogspot.com/

FOR PAYMENT DETAILS http://groups.google.com/group/STOCKRESEARCHER/web/payment-details

Join our Google group: http://groups.google.com/group/STOCKRESEARCHER

Add me on orkut for daily updates: http://www.orkut.com/Profile.aspx?uid=1619632468359550031

For free calls on your cell phone
SMS- JOIN Sresearchers and send to 567678
Or SMS ON Sresearchers to 09870807070

 
At 11:15 AM, Anonymous Anonymous said...

cheap wow gold buy wow power leveling cheap cheap wow gold

 
At 12:52 PM, Anonymous Website Designing said...

Thanks for sharing this great information!

- J.
Web Designing

 
At 12:52 AM, Anonymous Sharetips said...

Nice thinking...

 
At 12:55 AM, Anonymous Commodity Tips said...

Yes India needs better Development plans.

 
At 12:55 AM, Anonymous Barkha said...

Where are you for so long? Not writing any post on the blog ... If want stock tips then Visit www.capitalvia.com.

 
At 3:19 PM, Anonymous Web Solutions said...

What are the cost effective methods that we can reduce the overall economic conditions of different sectors of life.

 
At 7:34 PM, Anonymous Stock Tips said...

Get the Best Stock Tips here.

 
At 5:43 PM, Anonymous Nifty Trend said...

Good Posting

 
At 6:35 AM, Anonymous francis said...

Have you heard all the latest advances in super clean ,renewable geothermal technology? You can now not only cool and heat your home and business this energy efficient way but heat your POOL also!!! There is some very exciting news well worth looking into , along with tax rebates being offered.

 
At 11:57 AM, Anonymous fitness solutions india said...

Very nice blog

 
At 1:18 AM, Blogger Shailendra said...

Sir,you are a very educated person and having a lots of degrees but with all that you should have the knowledge of following:
In the Stock Market, if you have suffered a lot of losses then never get annoyed with that because we are here to provide you with a variety of Nifty and Commodity Tips which covers everything like stop losses and all the targets.We povide:

Nifty Tips,Share Tips ,nifty intra day,nifty positional tips,nifty options tips,Share Trading Tips,bank nifty tips,Indian Stock Market tips,bank nifty calls,Share Recommendation Picks, market trading calls, nifty positional calls, jackpot calls, indian stock market tips, FREE NIFTY STOCKS INTRA-DAY ,BTST,POSITIONAL TIPS & CALLS.INDIAN STOCK MARKET JACKPOT CALLS, 100% free indian stock,mini nifty futures, tips by sms, sureshot calls jackpot calls.

Our tips are 90-95% accurate and we are proud on that. So why are you waiting for, come fast and recover with your losses. If you want free tips then feel free to call at 0731-6680000 or log on to http://www.capitalvia.com.

 
At 4:41 PM, Blogger honey said...

nice

for free 90 % accurate stock tips visit http://www.capitalvia.com

 
At 4:57 PM, Anonymous arina said...

Just double your money buy taking intra-day investment tips from capitalVia and
earn profit without wasting time and effort.
With 2 days free trial pack in stocks, commodities,futures and many more.
Jackpot calls are available with 100% accuracy.

Contact me at: mittalarina@in.com
Visit: http://www.capitalvia.com

 
At 6:41 PM, Blogger petora said...

http://www.capitalvia.com/premium-stock-tips.html
http://www.capitalvia.com/premium-stock-tips.html
http://www.capitalvia.com/premium-stock-tips.html
http://www.capitalvia.com/premium-stock-tips.html
http://www.capitalvia.com/premium-stock-tips.html

 
At 1:31 PM, Anonymous Best Intraday trading tips said...

We are providing a new Delivery Pack service it is one of our finest service which include short term delivery calls in BTST/STBT in Futures,Positional futures and positional options calls. We are providing investment/ delivery tips for people who want to make huge money from the stock market in a short span of time without giving much of their time to it. So we provide complete solution for such people so they can relax and just see their money growing while carrying on with the normal life.
WE ARE PROVIDINNG THIS SERVICES THROUGH SMS or CHAT ROOMS.
WITH 2 DAYS FREE TRIAL YOU CAN EARN MORE PROFIT .
JUST VISIT : http://www.capitalvia.com
Contact me for more info.

 
At 4:57 PM, Anonymous Moneyvidya.com said...

Recommend your stocks on moneyvidya.com. We’ll track the performance of your picks and give you a rating. The better your performance, the better your rating.
Create your own fan followings, and win attractive cash rewards of Rs. 100,000.

 
At 3:14 PM, Anonymous share tips said...

I also agree with your extent .

 
At 4:34 PM, Anonymous arina said...

Earn with profitable investment with 2 days free trial pack.

Contact: mittalarina@in.com
visit: http://www.capitalvia.com

 
At 12:09 PM, Anonymous mutual fund india said...

Really great post thanks for sharing such information.

 
At 6:54 PM, Anonymous Arina said...

Earn money online by taking Capitalvia's Free Stocks tips.
visit:http://ur.lc/e2y

 
At 5:51 PM, Anonymous Arina said...

Money ! Mind Blowing fortune techniques! Know how to
earn ,Easy to earn !!!

 
At 6:56 PM, Blogger honey said...

tp://www.capitalvia.com/blog/
tp://www.capitalvia.com/blog/

 
At 4:40 PM, Blogger honey said...

http://www.capitalvia.com/nifty-futures-tips.html

copy and paste above link to have 95% accurate stock tips

 
At 3:19 PM, Anonymous Anonymous said...

FREE INTRADAY TRADING TIPS

 
At 5:05 PM, Anonymous free sure shot nifty tips said...

kindly visit:http://niftyfuture-tips.blogspot.com/

for free trials and accurate tips contact me at: maggifun26@gmail.com

 
At 4:16 PM, Anonymous Hyderabad Real Estate said...

Thanks for posting such an informative article.Pragati Resorts is the fastest growing real estate business firm in hyderabad. Many Plots for sale in hyderabad, villas, Flats etc. it has been sucessful from past many years. check it out hyderabad real estate

 
At 12:44 PM, Anonymous SEO Services said...

Really nice blog, very informative. Thanks dude for wonderful posting. Keep it up in the future as well. SEO Services UK

 
At 1:15 PM, Anonymous Web Design Company said...

Nice information, many thanks to the author. It is incomprehensible to me now, but in general, the usefulness and significance is overwhelming. Thanks again and good luck! Web Design Company

 
At 1:50 AM, Blogger Swati said...

It was a very nice idea! Just wanna say thank you for the information you have shared. Just continue writing this kind of post. I will be your loyal reader. Thanks again. and welcome to my Blog:


FREE INTRADAY TIPS

 
At 10:04 PM, Anonymous Printing Services said...

Spot on with this write-up, I really think this website needs much more consideration. I’ll probably be again to learn way more, thanks for that info.

 
At 4:57 PM, Blogger Alvin said...

Thanks for taking this opportunity to discuss this, I feel fervently about this and I like learning about this subject.Write Articles

 
At 6:11 PM, Blogger Kevin said...

KidsDesk.net brings innovative products and educational resources to parents, caretakers and educators. With products ranging preschool to grade school age children.childrens furniture

 
At 4:44 PM, Blogger Harry said...

Get your Free Credit Score Report - free for 30 Days. Unique anti-ID theft security measures included in this fantastic package as part of the service. Free Credit Score Report

 
At 11:26 AM, Blogger Harry said...

Get your Free Credit Score Report - free for 30 Days. Unique anti-ID theft security measures included in this fantastic package as part of the service. Free Credit Score Report

 
At 12:21 PM, Blogger Harry said...

Thank you for such a wonderful post. I enjoyed every bit of it.childrens furniture

 
At 2:31 PM, Blogger Harry said...

Thank you for such a wonderful post. I enjoyed every bit of it.childrens furniture

 
At 4:06 PM, Blogger Harry said...

Thanks for taking this opportunity to discuss this, I feel fervently about this and I like learning about this subject.childrens furniture

 
At 7:08 PM, Anonymous Poster Printing said...

It's hard to find quality writing like yours these days. I really appreciate people like you! Take care and see you soon
Carbonless Forms

 
At 11:33 AM, Blogger Harry said...

Thanks for taking this opportunity to discuss this, I feel fervently about this and I like learning about this subject.Televisore lcd

 
At 11:52 AM, Blogger Harry said...

Thanks for taking this opportunity to discuss this, I feel fervently about this and I like learning about this subject.Televisore lcd

 
At 1:25 PM, Blogger Harry said...

Thank you for such a wonderful post. I enjoyed every bit of it.televisori lcd

 
At 11:28 AM, Blogger Harry said...

Thanks for taking this opportunity to discuss this, I feel fervently about this and I like learning about this subject.refrigerator repair

 
At 11:34 AM, Blogger Harry said...

Thanks for taking this opportunity to discuss this, I feel fervently about this and I like learning about this subject.refrigerator repair

 
At 1:28 PM, Blogger Harry said...

I am amazed to see such an amazing post. Keep up the good work. oven repair

 
At 9:09 AM, Blogger SEO Services Consultants said...

Interesting layout on your blog. I really enjoyed reading it and also I will be back to read more in the future.strumpfhosen

 
At 7:39 PM, Anonymous stock tips said...

I read your post . it was amazing.Your thought process is wonderful.
The way you tell about things is awesome. They are inspiring and helpful.Thanks for sharing your information and stories.
Stock Tips

 
At 5:25 PM, Anonymous Equity Tips said...

Well I agree with stock tips seriously very nicely written an gud thought process.

for accurate tips just dial

0731-4295950

 
At 10:01 AM, Blogger r80sr said...

Whatever happened to you ? Its been almost four years since you last wrote on this blog

 
At 5:00 PM, Anonymous commodity tips said...

Very good post, I was really searching for this topic, as I wanted this topic to understand completely and it is also very rare in internet, that is why it was very difficult to understand.
Thank you for sharing this.
regards:
<a href="http://www.livesharetips.com/commodity-tips.html"

 
At 5:00 AM, Blogger poh said...

the most basic stuff if you don't have you can't move forward be advancing country at all. this such as road, electricity, water and good government.

Thank
Regards
Poh
Cuisinart TOB-195
Acne Conglobata
Acer 11.6 Netbook
500 payday loan
acne inversa
VIZIO M261VP
checkmate payday loans

 
At 1:58 PM, Anonymous Ankit Yadav said...

great informative blog,i am consistantly reading your posts,there are very useful and helping me earning from intraday trading in stock market of india.

 
At 2:05 PM, Anonymous WWW.TRADETOPROFIT.IN said...

please keep it up. we are also in the same stream of providing
free share tipsfree stock tipsfree nifty tipsfree equity tips
so we are always happy in taking experts view and for that your post are always helping us.

 
At 12:44 PM, Anonymous Web Designing Company said...

Thank you to tell us so much useful information. So nice sharing. I’m glad to read it.

 
At 7:59 PM, Anonymous India Advisory Stock Research said...

It was a very nice idea! Just wanna say thank you for the information you have shared. Just continue writing this kind of post. I will be your loyal reader. Thanks again.

Free Stock Market Tips

India Advisory Stock Research

 
At 5:31 PM, Anonymous Lingerie Pantyhose said...

This is a GREAT post! I hope you not mind.I published an excerpt on the site and linked back to your own blog for people to read the full version. Thanks for your advice.

 
At 6:13 PM, Anonymous Home Renovation Guide said...

A great post with out doubt. The information shared is of top quality which has to get appreciated at all levels. Well done keep up the good work.

 
At 7:35 AM, Anonymous Zolpidem No Prescription said...

Man I like your post and it is so good and I am definetly going to save it. One thing to say the Indepth analysis this article has is trully remarkable.No one goes that extra mile these days? Bravo!! Just one more tip you canget a Translator for your Worldwide Audience !!!

 
At 11:50 AM, Anonymous Dropshipper said...

Hi, interesting post. I have been wondering about this topic, so thanks for posting. I’ll definitely be subscribing to your site. Keep up the good posts

 
At 1:50 PM, Anonymous Fulton Septic Cleaning said...

I found your website perfect for my needs. It contains wonderful and helpful posts. I have read most of them and learned a lot from them. You are doing some great work. Thank you for making such a nice website.

 
At 11:33 PM, Anonymous Argan Oil said...

Thank you, thats very interesting information. I need to share with my friends.

 
At 2:50 AM, Anonymous golf cart batteries said...

Thanks for this post. It Very nice Blog. It was a very good Blog. I like it. Thanks for sharing knowledge. Ask you to share good Blog again.

 
At 12:56 AM, Anonymous Hotpoint FF4DK said...

Thanks you. Very good post.Unless they can offer a really compelling reason for users to come back, it will be the next Bebo, MySpace

 
At 3:32 AM, Anonymous Training Tampa said...

Your writing is excellent and gives food for thought. I hope that I’ll have more time to read your stories . Regards. I wish you that you frequently publish new texts and invite you to greet me

 
At 5:11 PM, Blogger SWATI said...

It was a very nice idea! Just wanna say thank you for the information you have shared. Just continue writing this kind of post. I will be your loyal reader. Thanks again. and welcome to my Blog: Intraday Tips

 
At 7:43 PM, Anonymous BullionMCX.Com said...

Dear Blog owner Thanks so much for this.! Your blog as usual was educational, I have had to bookmark your Blog and subscribe to your feed in i feed. Your content is awesome and theme looks lovely. It my pleasure that you visit my site Gold Tips Silver Tips

Thanks and Best Regards

BullionMCX.Com

 
At 2:48 PM, Anonymous http://www.fortlauderdaledefense.com said...

Hello! I just would like to give a huge thumbs up for the great info you have here on this post. I will be coming back to your blog for more soon.

 
At 2:20 PM, Anonymous MCX Gold Tips said...

Nice blog good information about market I really appreciate your post and you explain each and every point very well.Thanks for sharing this information. And I will love to read your next post too and most welcome Crude Oil Tip Today

Thank and Regards

Gold Tips Today Silver Tips Today

 
At 10:21 PM, Anonymous Maithili Gupta said...

Really Fabulous Post

 
At 12:13 AM, Anonymous Leicester fridge freezers said...

I just couldn’t leave your website before telling you that we really enjoyed the quality information you offer to your visitors… Will be back often to check up on new posts.

 
At 5:21 PM, Anonymous Vancouver Internet Marketing said...

Your time isn’t going to waste with your posts. Thanks so much and stick with it No doubt you will definitely reach your goals! have a great day!

 
At 3:26 PM, Anonymous Buy domains said...

This is my first time i visit here. I found so many interesting stuff in your blog especially its discussion. From the tons of comments on your articles, I guess I am not the only one having all the enjoyment here! keep up the good work.

 
At 6:19 PM, Anonymous stock market calls said...

nice blog post. I would like to visit you again Keep posting

 
At 2:58 AM, Anonymous retail clothing franchise said...

Useful information ..I am very happy to read this article..thanks for giving us this useful information. Fantastic walk-through. I appreciate this post.

 
At 3:55 PM, Anonymous Credit Counseling Toronto said...

Hello! I just would like to give a huge thumbs up for the great info you have here on this post. I will be coming back to your blog for more soon.

 
At 1:46 PM, Anonymous Party Poker Bonus said...

Thanks for the awesome post. Keep on going; I will keep on eye on it.

 
At 12:36 PM, Anonymous winner poker said...

Wow. Fantastic article, it’s so nice and your blog is very good.
I've learned a lot from your blog here, you’re provided blog is very super perfect i really like it. Keep it up and Thanks you for sharing......!

 
At 2:01 PM, Anonymous Stock Tips said...

Happy to see your blog as it is just what I’ve looking for and excited to read all the posts. I am looking forward to another great post from you.
Good returns with Stock Tips … Check out ones.

 
At 12:04 PM, Anonymous Vancouver Chiropractor said...

This blog is awesome full of useful information that i was in dire need of.

 
At 6:15 PM, Anonymous Chris Hemsworth Workout said...

Man I like your post and it is so good and I am definitely going to save it. One thing to say the In-depth analysis this article has is truly remarkable. No one goes that extra mile these days? Bravo!! Just one more tip you can get a Translator for your Worldwide Audience !!!

 
At 4:33 PM, Anonymous android blackjack said...

Hello,

Very nice post, I like your blogging techniques and have bookmarked this blog as found it very informative. Keep it up.

 
At 2:47 PM, Anonymous ipad poker said...

You write really good articles, very attractive, I feel very shocked. I hope you can continue with your work, come on!

 
At 12:35 PM, Anonymous web designing company said...

Really it is an important and appreciable post..thanks or this cute informative blog here.

 
At 4:36 PM, Anonymous Gerard Butler Workout said...

Thank you to tell us so much useful information. So nice sharing. I’m glad to read it.

 
At 1:39 PM, Anonymous Mobile Casino said...

A great blog for sure, keep posting content as with up to this quality.....

 
At 5:22 PM, Anonymous iphone bingo said...

congratulations! It´s a a very good blog!

 
At 9:12 AM, Anonymous Migraine headaches relief said...

Very nice dear this great blog and useful information. I need to share with my friends. Keep it posting.........

 
At 3:01 PM, Anonymous iphone slots said...

Thanks for the awesome post. Keep on going; I will keep on eye on it.

 
At 12:59 PM, Anonymous iphone roulette said...

Interesting layout on your blog. Best wishes for you future blogging career.

 
At 4:09 PM, Anonymous commodity tips said...

where do u find the topics to write I too love writing but lack topics to deal with nice to read as always.

 
At 8:09 PM, Anonymous Anonymous said...

Hello dear.You have written a great post.
Counter Depth French Door Refrigerator
How to Get Into Acting
Breville Smart Oven
How to Impress Woman
Canon Powershot A800
Adidas Barricade
Adidas Barricade 6.0
Cuisinart TOB-195
Acer 11.6 Netbook
VIZIO M261VP

 
At 11:25 PM, Anonymous Luxury Watchmaker said...

I will bookmark your blog and take the feeds also...Very interesting post to hang on..Iam really impressed with this article..Looking for more info..

 
At 2:49 PM, Anonymous commodity tips said...

This is one of the amazing content. I like your blog information.

 
At 1:37 PM, Anonymous commodity tips said...

I was checking constantly this blog and I’m quite impressed! Very useful information. Great Post
Share Market tips

 
At 1:25 PM, Blogger GeorgeMitges said...

Are you looking for professionals who can help you outline, plan, execute, organize, re-organize and manage your business or its different processes? If yes, then George Mitges and Associates Inc. have the right strategic guidance you need. George Mitges agribusiness consultant provides a wide-ranging expertise in agribusiness and personalized consulting service to the production agricultural community over 30 years…

 
At 7:51 PM, Anonymous Free Nifty Tips said...

I will bookmark your blog and take the feeds also...Very interesting post to hang on..Iam really impressed with this article..Looking for more info.just couldn’t leave your website before telling you that we really enjoyed the quality information you offer to your visitors… Will be back often to check up on new posts.
Thank You Anand

 
At 1:01 PM, Blogger Free Intraday Stock Tips said...

Excellent and inspiring tips I like your post and it really gives an outstanding idea that is very helpful for all the people on web.
It's glad to see good information being convey. Its a very nice written, and I really like this blog. Thank you for sharing this info.

Regards: MCX Tips, NCDEX

 
At 12:42 PM, Anonymous stock tips said...

On MCX, crude oil is trading at around 0.5 per cent to Rs 4732.
Naimaks up 0.5 per cent on crude oil has reached close to 85 dollars a barrel. Meanwhile, Brent crude is in the 1 per cent and the price is close to $ 99.

Stock Tips |Commodity Tips

 
At 12:54 PM, Anonymous commodity tips said...

Half per cent of crude oil in the domestic market with strength in today's trading, the price is at Rs 4763. The Norwegian companies over a strike in the international market has also seen strong crude oil prices.
Commodity Tips

 
At 12:28 PM, Blogger Free Intraday Stock Tips said...

It's glad to see good information being convey. Its a very nice written, and I really like this blog. Thank you for sharing this info.

Regards: MCX, MCX Tips

 
At 4:23 PM, Anonymous stock tips said...

With Best Indian Stock Market Tips you can make money from these markets by trading in our Intra-day & long term Stock Market Calls with great accuracy and high profitability…
Stock Tips

 
At 12:42 PM, Blogger Sara said...

Nice Stuff...:)

regards: MCX Gold Tips

 
At 12:33 PM, Anonymous Wholesale HCG Drops Suppliers said...

Hello! I just would like to give a huge thumbs up for the great info you have here on this post. I will be coming back to your blog for more soon.

 
At 2:57 PM, Anonymous Forex market said...

Thanks for sharing this great article! That is very interesting I love reading and I am always searching for informative information like this.

 
At 2:51 PM, Blogger Free Intraday Stock Tips said...

Glad to hear that you are stable financially. I am sure you will manage to start saving more, and I am eager to read about it on this blog in the future =)

Regards: MCX Share Price, MCX Share Live Price

 
At 3:34 PM, Anonymous stock market tips said...

Thank you for posting the great content…I was looking for something like this…I found it quiet interesting, hopefully you will keep posting such blogs….Keep sharing

 
At 2:47 PM, Blogger rocky case said...

Stephen Stapinski

Really your blog is very interesting.... it contains great and unique information. I enjoyed to visiting your blog. It's just amazing.... Thanks very much for the share.

 
At 1:50 PM, Blogger Free Intraday Stock Tips said...

You have nailed the best suggestions for making an honest and outlined income from your online experiences. A pleasant change for what is usually only particially posted or suggested.

Thanks and Regards: Commodity Tips

 
At 9:45 AM, Anonymous Mcx Tips said...

The post is written in very a good manner and it entails many useful information for me. I appreciated what you have done here. I am always searching for informative information like this. Thanks for sharing with us.

 
At 9:58 AM, Anonymous Mcx tips said...

For Free Mcx tips and Commodity Tips visit www.marketprophecy.in because at this portal you will get one stop solution for all your financial astrology need

 
At 10:00 AM, Anonymous mcx tips said...

Mcx tips and Commodity Tips based on financial astrology and much more for stock tips visit www.marketprophecy.in because money value

 
At 11:23 AM, Anonymous MCX TIPS said...

Enjoyed the material. thank you.

 
At 12:18 PM, Blogger INTRDAYTIPS said...

Its avery nice & fantastic job and Thanks for sharing

Our Nse share tips works in 60 minutes

 
At 8:25 PM, Blogger Vabhvi Panchal said...

Your blog is nice. Your sharing tips are all awesome. All information is relevant. Your tips are relevant for visitors. Your blog provide the accurate and update information to the clients.

Regards: Nifty Future Tips

 
At 1:24 PM, Blogger Equity Tips Stock Cash Calls said...

High crude cost and a weak rupee dented low fare carrier
SpiceJet’s June quarter profit by 11 % YoY to Rs 50.55 crore. Sales
however climbed around 16% to Rs 1704 crore on better realization
from overseas routes. The average passenger yields were up 5
percent Y-o-Y to Rs 4278 along with an over hundred basis points
jump in the airline’s domestic market share to 19.5 percent.
Intraday tips

 
At 1:27 PM, Anonymous Top web designing companies said...

I am very much pleased with the contents you have mentioned. I enjoyed every little bit part of it. It contains truly information. I want to thank you for this informative read; I really appreciate sharing this great.

 
At 2:46 PM, Blogger Share tips said...

We are surprised to read information that has been written on this blog

 
At 5:21 PM, Anonymous Website Designers Bangalore said...

It’s so wonderful.I’m so glad you started blogging and that I can call you my friend.Thank you.

 
At 12:29 PM, Anonymous stock advisory company said...

Hi, you explained the topic very well. The contents has provided meaningful information thanks for sharing info

 
At 12:36 PM, Anonymous free stock cash tips said...

Hi this one is great and is really a good post. I think it will help me a lot in the related stuff and is very much useful for me. Very well written I appreciate & must say good job..

 
At 5:43 PM, Anonymous seo company bangalore said...

Your blog containes good information. Its very helpful to me. thanks for updating this post..

 
At 1:06 PM, Blogger Simran Shah said...

Nice Post!
I really appreciate the quality information provided by you. It is very helpful and must need appreciation. You can also visit my website for some news and share market update…
Share Market Tips

 
At 12:53 PM, Blogger Martina raj said...

Nice post and Learn a Lot of Information..
Sofas Huddersfield

 
At 11:47 AM, Blogger Martina raj said...

This is really a very nice and helpful post thanks for posting this.Its very informative to read..

Airport parking Heathrow

 
At 11:12 AM, Blogger francy said...

Its very Informative and I really enjoyed to read
Web Design Company Bangalore
Web Designing Bangalore
Web Designer Bangalore

 
At 7:56 AM, Blogger Anh nguyễn said...

thank you for your helpful discussion. i have used simicart, i think it is the best magento mobile app builder. simicart adds value for storeowners by helping them create a native magento mobile apps for online business. so, you don't have to be a coder to build a powerful magento mobile app.

 
At 5:22 PM, Blogger Alisha Singh said...

We provide accurate Trading Tips with profitable returns for better satisfaction to customers.

Stock Market Trading Calls

 
At 5:25 PM, Blogger Deepak Sahu said...

Nice Blog to get Stock Tips and Mcx Tips. The This site is very useful to Intraday trader in stock market. I Thing your Free Mcx Tips , Free Stock Tips will be very useful to traders.
Regards,
Commodity Tips

 
At 12:54 PM, Blogger Vivek Kumar said...

This is the perfect blog for anyone who wants to know about this stock cash Tips topic. It contains truly information. Your website is very useful. I admire the valuable advice you make available in your expertly written content. I want to thank you for this informative read; I really appreciate sharing this great.

 
At 5:28 PM, Blogger Priya Agrawal said...

very Nice Blog & Thanks For sharing stock market news..
commodities tips

 
At 5:00 PM, Blogger Vivek Kumar said...

I am very much pleased with the contents you have mentioned. I enjoyed every little bit part of it. It contains truly information. I want to thank you for this informative read; I really appreciate sharing this great.stock tips today

 
At 5:24 PM, Blogger Stocks2buy In said...

I am very much pleased with the contents you have mentioned. I enjoyed every little bit part of it. It contains truly information. I want to thank you for this informative read; I really appreciate sharing this great.stock tips today

 
At 5:42 PM, Blogger Rajat Jain said...

DAILY RECOMMENDATION: SELL MCX CRUDE OIL NOV., BELOW 2940 LEVELS FOR TARGET OF T1 2840/T2 2800 WITH SL OF 3060 LEVELS.
Accurate Gold Tips

 
At 6:43 PM, Blogger Aastha Jadhav said...

Jubilant Foodworks Q2 net profit at Rs23.88 crore
Bullion Market Tips

 
At 6:51 PM, Blogger Vaidehi Koushik said...

Maruti launches WagonR with AMT technology
Accurate Silver Tips

 
At 2:53 PM, Blogger Alisha Singh said...

It is a great post for every blog and for me. Obviously I want to say that this is very important post for learn. Thanks....
Stocks Premium Tips

 
At 4:45 PM, Blogger Vaidehi Koushik said...

Shivendra Pathak's's Arvind is still investment advice.
Crude oil tips

 
At 4:33 PM, Blogger Marlin Sutherland said...

Congratulation for the great post. Those who come to read your article will find lots of helpful and informative tips.
San Antonio Logo Design Services

 
At 2:48 PM, Anonymous Trifid Research said...

I know this if off topic but I'm looking into starting
my own blog and was wondering what all is needed to get setup?
I'm assuming having a blog like yours would cost a
pretty penny? I'm not very internet smart so I'm not 100% sure.
Any suggestions or advice would be greatly appreciated. Appreciate it.Free Trial By Trifid Research

 
At 3:55 PM, Blogger Aarav sinha said...

I must have to take your blog as my primary blog for reading as there are so many new things to getting more and more true

information.
handicrafts of india
handicrafts online shopping
handicrafts of india online shopping
buy handicrafts online india

 
At 6:23 PM, Blogger investment adviser said...

Epic Research recommends for stock tips that is very beneficial for every traders. With the help of these tips anyone can easily trade in the market and learn more about trading strategy.

 
At 4:29 PM, Blogger Nihira Sengupta said...

Stock Market News

You made some respectable points there. I seemed on the internet for the difficulty and found most people will go along with together with your blog.

 
At 1:30 PM, Blogger Alice Denny said...

Welcomes to google terminal from Austin Texas! google snake
Amazing insight you have on this, Happy wheels it's nice to find a website that details so much information about different artists... Age of war 2 This article always blew me... Earn to die For how many times I have read this.
slither io Hi! I’ve been reading your blog for a while slitherio it's nice to find a website that details so much big farm

 
At 5:24 PM, Blogger Rahul said...

great post really appreciatable work

happy friendship day website
new year 2017 quotes
happy birthday
blac chyna instagram
christmas greetings
Basketball Quotes

 
At 4:25 PM, Anonymous Olympics Rio said...

happy friendship day

Rio Closing Ceremony

 
At 4:00 PM, Blogger Aaliya Dubey said...

Brent crude had climbed 0.86 percent to USD 45.84 a barrel, while US West Texas Intermediate crude futures were up 0.76 percent at USD 43.49 a barrel, buoyed by a weaker dollar.
CapitalStars

 
At 11:43 PM, Blogger Asif Ali said...

cute halloween costumes
dog halloween costumes

 
At 3:40 PM, Blogger Movers Packers said...

Packers and movers in Pune
Packers and Movers in Bangalore

 
At 5:32 PM, Blogger Loud Here said...

christmas background images christmas love quotes Funny New Year Pictures
christmas background pictures christmas quotes for cards Greetings for New Year

 
At 12:21 PM, Anonymous Anonymous said...

happy new year 2017 greetings

 
At 1:02 AM, Blogger Chinese New Year Greetings said...

Chinese New Year Greetings

Chinese New Year Food

Chinese Lunar New Year 2017

Chinese Spring Festival Traditions

 
At 2:29 PM, Blogger Robert said...

Happy Teddy Day
Happy Propose Day SMS
Happy Promise Day Images
Happy Promise Day Quotes
Happy Promise Day SMS

 
At 2:29 PM, Blogger Robert said...

Happy Teddy Day
Happy Propose Day SMS
Happy Promise Day Images
Happy Promise Day Quotes
Happy Promise Day SMS

 
At 4:00 PM, Blogger Valentineday images said...

Happy Valentine Day Images

rose day Wallpapers HD

rose day quotes

 
At 5:58 PM, Blogger Anil Gupta said...

The blog is absolutely truly incredible. Lots of large information and inspiration, both of which we all need.
Bangalore Web Designing Company, Web Development Company Bangalore

 
At 12:16 PM, Blogger Peehu Sharma said...

• NHPC in power purchase pact with 7 power stations for 35 years.
• Union Bank of India sells entire 5% stake in TransUnion CIBIL for Rs191 cr.
• ABNL has transferred entire 51% stake in Birla Sun Life to AB Fin Svcs
CapitalStars

 
At 3:15 PM, Blogger Salwar UK said...

Exclusive Collection of Salwar Suit And Many More….
We Have Some For You In Your Budget For more….
Eid Mubarak Greeting Card

 
At 12:26 PM, Blogger Geet Khare said...

The rupee opened at 64.42 per dollar higher by 2 paise.capitalstars

 
At 5:41 PM, Blogger Johnabraham said...

Mother's Day is an event that gestures of recognition mothers and parenthood. It started in the United States. The event was built up in 1908 by Anna Jarvis. Mother's Day was first made to adulate a man's own specific mother. By and by it is made to acclaim all mothers and parenthood when all is said in done. happymothersdayimages It is praised in different conditions in different countries. In the United States of America, it is the second Sunday in May. Adolescents can make cards and a lot of various things for their mother.
http://www.wikihow.com/Celebrate-Mother

 
At 3:18 PM, Blogger Dooiitt Tube said...

Have Lovely and Beautiful Salwar Suit And Many More…
We Have Some For You In Your Budget For more…
Plz visit:- Wedding sarees

 
At 5:47 PM, Blogger Dooiitt Tube said...

Have Lovely and Beautiful Salwar Suit And Many More…
We Have Some For You In Your Budget For more…
Plz visit:- Silk Sraees

 
At 3:13 PM, Blogger Dooiitt Tube said...


Exclusive Collection of Salwar Suit and Many More…
We Have Some For You In Your Budget For more…
Plz visit:- Patiyala Dress

 
At 5:49 PM, Blogger pranjali upadhyay said...

Hero Motocorp gains post Q4FY2017 results.
Capitalstars

 
At 1:10 PM, Blogger Saloni Priya said...

fathers day images
fathers day wallpapers
fathers day pictures
fathers day cards
fathers day images 2017
fathers day quotes
fathers day wishes
fathers day messages
fathers day status
fathers day poems
Memorial Day Images 2017

 
At 11:21 AM, Blogger Sonakshi Sinha said...

Hello, Neat post. There’s an issue together with your web site in web explorer, might check this? IE still is the marketplace leader and a large portion of folks will pass over your magnificent writing due to this problem.

blouse back neck designs catalogue
i love you messages
i miss you so much my love

 
At 4:00 PM, Blogger jems bond said...

I really appreciate your knowledge, such wonderful content. For more update Ripples Advisory

 
At 12:26 AM, Blogger Priya Ghosh said...

kissanime mobile
kiss cartoon mobile
kissanime apk
anime kiss mobile
kissanime app download
4th of july images
happy 4th of july images
fourth of july images
4th of july clipart


 
At 5:34 PM, Blogger priyanshu beautique said...

India is a country of colorful festivals. All the festivals in India are according to the Indian Hindu Calendar.for more..
Plz visit:- Raksha Bandhan Images
Through the passage of time festivals are undergoing modifications. Raksha Bandhan is also known as Rakhi.for more..
Plz visit:- Rakhi Wishes

 
At 11:26 AM, Blogger Priyanshu Fashion said...

As India celebrates its 70th Independence Day on 15 August 2017, its citizens rejoice celebrating a different kind of freedom - the freedom to travel, explore, and unwind. The Indian citizens are all perked up for a much awaited long weekend during Independence Day.
Please visit Independence Day

India is known worldwide for its rich heritage and cultural beliefs. For the richness and sweetness attained, the country pays tribute to various people who played an influential role in this attainment.
Please visit Independence Day Status

 
At 1:01 PM, Blogger Priyanshu Fashion said...

I want to wish a hearty 15th of August to all Indians in the nation. It's the time of the year to be patriotic and to reflect on the roots of our republic. Blood was spilled to gain our independence and I'm sure you'd agree there has never been, and will. God Bless India.
Please visit Independence Day

How do you plan to celebrate the 15th of August? From testing your trivia to making your own national flag, there are numerous ways to make this day extremely special.... August 15th being Independence Day for The India is an occasion to celebrate and make merry. Every state in India has its special events and festivities.
Please visit Independence Day 2017

 
At 8:42 PM, Blogger عبده العمراوى said...

شركة قمة الدقة للخدمات المنزلية
شركة تنظيف منازل بالاحساء
شركة تسليك مجارى بالقطيف

 

Post a Comment

<< Home