views on economic scenerio for 2009
1. More govt action on economic front - see bailouts, stimulus packages and new regulations across world economies.
2. Stabilizing of oil prices around 35-55 USD / barrel. Demand pressure is off now and will not build up so fast.
3. Slow but gradual rising of financial markets. This is will be not uniform across the economies. India, Brazil, South Africa, Russia, Vietnam and China may lead from front in this case.
4. Around the world agriculture and related business will get special focus. One should not be surprised if India embarks on planning for second green revolution this year.
5. Emergence of new industries in economic landsacpe - Security business and related industries will start catching up in scale and quatam of money involved. In Isreal already security costs forms an important cost component of analysing business models.
6. Corporate goverance norms will be see new face. Expect more strict regulations and increased govt action on this. This will become necessary to avoid failed business cases like what we are seeing currently especially in US.
