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Message: Indian economy up 7.9% in 3rd quarter 09

Indian economy up 7.9% in 3rd quarter 09

posted on Nov 30, 2009 02:19AM

http://www.nytimes.com/aponline/2009/11/30/business/AP-AS-India-Economy.html

Definately doesn't look like we'll have a shortage of demand anytime soon. This is why I bought into LGDI in the first place. Looks like India weathered the storm very well. A few days ago when meeting with Obama, Singh, the Indian PM, even announced its welcoming US and foreign investment, including in the agritech sector. Too bad he's not opening the market for foreign retail stock investors.

On another note...looks like Australia is set to raise rates again soon. Assuming the dollar keeps collapsing this should give us the currency advantage. Anyone know if it would be better to own the LGDI shares on the aussie market (assuming thats possible) as far as the currency play goes? Is there any difference then holding on the US market? Seems like we would have the same advantage on the US market since its still an australian company with (future) revenues in a foreign, stronger currency

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