BSE, NSE likely to touch 20,000 and 6,000 marks by 2010, projects Assocham
Other factors that will positively move stock markets will be through participation of rural folk into it because its income has started going up and driving growth in telecom and FMCG sector and more recently two wheeler segments has joined these two sectors.
In addition, BPO call centres and IT inclusiveness is also getting intensified in interiors including tire 3 and 4 cities for establishing linkages of rural folks into stocks. Large number of cooperatives on lines on Amul are getting established in a state like Rajasthan and Andhra to drive growth with micro finance facilities getting pervasive through self help group for economic activities. All these are positive indicators to drive growth reflection of which will come through buoyant stock markets.
Lastly, road projects are spreading and establishing linkages between rural and urban market for better business prospects and these linkages will work positive factors for inclusive growth to enable Indian economy move on higher growth trajectory, added the Assocham spokesman.
The GDP growth expectations to touch 7% are reaffirmed and there are strong undercurrents building in the economy with India Inc getting ready for good financial performance.
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