India downgraded to BBB !

Adverse Saturn strikes, as Jupiter tries to redeem India !  Fitch has downgraded India to BBB, the lowest investment grade. From Stable to Negative. The Rating Agency siad the outlook reflected heightened risks that the growth potential of India will deteriorate if reforms were not accelerated. Governance should be improved. A more postive investment atmosphere should be built. "India faces an awkward combination of slowing growth and still-elevated inflation. India also faces structural challenges surrounding its investment climate in the form of corruption and inadequate economic reforms," Fitch said in a statement. The negative outlook reflected India's limited progress in fiscal consolidation and in reducing the deficit ( which stood at 185 billion, the highest in recent years ). Some positive factors       The market will fluctuate as usual and it is now steady at 16 K. But Jove in the 11th favours the enterprising. India and China are the two economies growing. India has already become the third largest economy by GDP PPP, estimated at 4.45 trillion USD. In real GDP terms, however, she is 11th. Her tourist receipts are more than 200 billion and will reach 375 billion in a couple of years. Her IT exports were 79 billion last year. So India has great potential, along with China, who is growing at a faster rate.       In this context, the Indian stock market offers great opportunities for the investor and this is implied by Jovian 11th Transit. Adverse factors are represented by Saturn and high inflation and value erosion of rupee. So be wise while investing. In the long term you will succeed but you will have to wait and wait, as Saturn is adverse.     S & P had warned India that India will lose her investment grade, if she does not put pedal on reforms. These are the adverse Saturnine factors and industrial development is the bullish Jovian factor !       So we advise investors to enter at lower levels. Watch the market and buy at declines. Buy only blue chips ! Gold Astrology On the other gold is up at $ 1628 per ounce and INR 91258 ! We have been advocating buying gold and other precious metals - silver, palladium and platinum.