is indian economy on the mend?

Since 2012 Indian economy is on a steep decline. Govt and Rbi are working hard to talk it up in recent days. They got rid of duvurri subba rao after he did a good job of holding the monetory end of economy very well through the us and European crisis. Now they bought wonder boy rajan . Stock market rallied but I hear the situation on the ground is really tough. Middle class that extended itself is facing difficulties to hang in there till things turn around.
Hyd and its housing market are particularly badly hit.
Is the stock market really indicating a return of better times or is this a result of election year monetary gimmick?

almost all economies in the world are recovering from doldrums. it's inevitable and in india's case, the potential for the tired old party getting kicked out will only be another positive. assuming ofcourse that modi comes into power and can put a dent in the license raj known by a new name these days.

http://blogs.timesofindia.indiatimes.com/the-real-truth/entry/stock-market-rally-is-because-of-narendra-modi-oh-really

even though i am cautiously optimistic (verging on sceptical), things seem to be on the mend:

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After Dalal St, Economy Joins Diwali Party

OUR BUREAUS MUMBAI | NEW DELHI


The Sensex surged to another record on Thursday as a festive spirit took hold of the market ahead of Diwali,seemingly undaunted by speculation elsewhere that the US Federal Reserve may withdraw its stimulus programme sooner than expected.While this led to emerging markets dropping the most in a week,India bucked the trend as foreign institutional investors (FIIs) rushed to stock up on shares,pushing the Sensex to a second closing high in a row.It ended at 21,164 points,sending derivative volumes on the BSE to over.2.06 lakh crore,also a record.The investor optimism was borne out by data released after the markets closed,suggesting that the trend may be sustained.The output of eight core sector industries rose at its fastest pace in a year in September,the government said,suggesting that Indias industrial economy may finally be bottoming out.There was also good news on the fiscal front.A smart pick-up in revenue helped the government keep Septembers fiscal deficit at almost the same level it was in August,giving rise to hope that the target for the full fiscal year may be met despite three-fourths of the annual limit having been reached in the first half itself.The data could persuade investors to keep pouring back ahead of Diwali,signalling a blockbuster muhurat trading session on Sunday.An ET poll said on Thursday that the Sensex is likely to touch 22,000 by
January.The 30-stock benchmark was 92 points away from its lifetime intraday high of 21,256 that it touched on January 8,2008.The broader index CNX Nifty of NSE rose 0.76% to close at
6,299,the highest level for the index since November 9,2010.The Nifty is 58 points away from its lifetime intraday high.The derivative turnover on the NSE stood at over.3.07 lakh crore.The exuberance on Dalal Street isnt irrational,said Pankaj Vaish,managing director,head of markets,South Asia,Citibank.

Eight Core Sectors Expand 8% in Sept

The output of eight core sector industries grew 8% in September,the fastest in a year,suggesting the industrial economy may be bottoming out. 21

http://lite.epaper.timesofindia.com/getpage.aspx?publabel=ET&city=Mumbai

Gauging a country's economics through its stock markets is so so obsolete. My new economic theory is in the works and will soon be published for a Nobel.

The Stock Markets are nothing but legalized casinos for rich and the powerful.

Marathadi-Saamiyaar wrote:Gauging a country's economics through its stock markets is so so obsolete. My new economic theory is in the works and will soon be published for a Nobel.

The Stock Markets are nothing but legalized casinos for rich and the powerful.

i don't know who you were addressing mere yaar (no longer some-yaar) but my post was about the induustrial output picking up fastest in the year (in september) as per today's reports.