Market Meter

  The New Economic Policy (NEP) of 1991 - The LPG Reforms INTRODUCTION :- The year 1991 marked the most significant inflection point in India's economic history, a period of profound transformation initiated in response to a severe balance-of-payments crisis. Decades of fiscal mismanagement, characterized by excessive public spending and mounting subsidies, had led to a ballooning fiscal deficit. The government’s internal debt had soared from 35% of GDP in 1985-86 to 53% by 1990-91, and foreign exchange reserves had plummeted to a level that could cover only three weeks of imports. To avert a sovereign default, India pledged 67 tonnes of gold as collateral for emergency loans from the International Monetary Fund (IMF) and the World Bank, who in turn imposed the condition that India liberalize and open up its economy. In response, from the government of India , Prime Minister P.V. Narasimha Rao and Finance Minister Dr. Manmohan Singh introduced the New Economic Policy (NEP ), a ...

The Mahalanobis Model and the Second Five-Y ear Plan (1956-61): INTRODUCTION : Following its independence, India’s initial First Five-Year Plan (1951-56) focused on mobilizing domestic savings for growth and facilitating the economy's recovery from centuries of colonial rule. However, a fundamental philosophical and strategic reorientation occurred with the launch of the Second Five-Year Plan, which was based on the Mahalanobis model. Inspired by Soviet planning principles, the model gave top priority to the development of heavy, capital-intensive industries, which were considered crucial for a newly independent nation seeking to achieve economic self-sufficiency and reduce its reliance on foreign imports.    PHILOSOPHY : The core philosophy of this strategy was that a robust, self-sufficient capital goods sector would enable rapid, long-term industrialization. The model was premised on the belief that a high proportion of total investment should be allocated to capital go...

NIFTY INDIA OUTLOOK FOR SEPTEMBER 1, 2025 ::-  Major Nifty 50 in Daily time frame forming Head & Shoulder pattern with weaker RSI. On the other hand in Hourly chart a small new positive divergence appeared within the longer existing negative divergence. RSI count of Nifty for Daily and Hourly chart are 39.1 & 32.4 respectively. Larger time frame RSI is smaller than shorter time frame is a standard indication of existing internal weakness. Taking consideration of the RSI divergences and counts it appears that a pullback trial will come into the market but through time pullback will be absorbed. Any close only above 24585 , last LH formed in the chart can change the course of the near short term trend. VIEW ::-     A Pullback trial would come into play in the market but through time pullback will be absorbed .

Major BankNifty in Daily time broken and closed vital support zone with weaker RSI . On the other hand in Hourly chart a small new positive divergence appeared within the longer existing negative divergence in Daily chart. RSI count of BankNifty for Daily and Hourly chart are 27.5 & 26.6  respectively. Both below 30. Larger time frame RSI is smaller than shorter time frame is an indication of internal weakness. Taking consideration of the RSI divergences and counts it appears that a pullback trial will come into the market but through time pullback will be absorbed. Any close only above  54085 , last LH formed in the hourly chart can change the course of the near short term trend. VIEW ::-     A Pullback trial might come into the market but through time pullback will be absorbed .  

  INDIA BANKNIFTY WEEKLY VIEW FOR SEPTEMBER 1 - 5 , 2025 ::- Our Indian Second major BankNifty already closed below it's major support zone. This close gradually might take the index towards 5 year long support zone ( purple line in Weekly/Daily chart ) which Nifty had broken second time. Here Daily chart playing double negative divergence price action with respect to RSI. Friday closing indicating test move towards the Purple line support.   RSI count for Weekly and Daily time frames are 46.4 and 27.5 respectively. Indicating follow on down move continuation for further bull neutralization. VIEW  :  Follow on DOWN move continuation for further bull neutralization.

 INDIA NIFTY WEEKLY VIEW FOR SEPTEMBER 1 - 5 , 2025 ::- Indian major Nifty slowly moved towards the major support zone as expected in DEEP DIVE series ( request you to read those series to have a global look ). In weekly time frame it has closed second time breaking long 5 years existing support from above. Last time it was able to recover but this time a hidden HEAD AND SHOULDER pattern trying to play out just above the major support zone in Daily time frame supported by 5-6 months existing RSI NEGATIVE divergence. Weekly and Daily time frame RSI count are 49.7 and 39.1 respectively. This count base indicates dead cat bounce in the beginning of the week followed by Head & Shoulder  play into RED. VIEW :  Dead Cat Bounce in the beginning of the week followed by Head & Shoulder  play into RED .

 INDIA NIFTY & BANKNIFTY OUTLOOK FOR 29/08/2025   ::- In Daily time frame RSI of Nifty and BankNifty respectively are 40.7 and 28.5.  NiftyBank more weaker than Nifty. NiftyBank also closed below a long term support range 54500 - 53900. Coming days this range will play as big hurdle. Nifty also likely to strike it's longer term support range between 24200 - 23900.  Current supports along with resistance readily available in the attached Hourly charts of the Indices above. VIEW :: BEARISH CONTINUOUS.

NIFTY & BANKNIFTY OUTLOOK FOR 28/08/2025   ::- Day before yesterday both the indices formed their first complete cycle of LH - LL in Hourly chart. In the same time frame Nifty playing a clear negative RSI divergence. In the Daily time frame Nifty under ONE  long existing negative divergence where as Bank Nifty playing under TWO negative divergences one long existing and another newly appeared. RSI for both indices lies under 50 in Daily frame again where RSI BankNifty<Nifty . Both are weak where  BankNifty is weaker than Nifty.  Next LH formation can grab the market today and tomorrow. Expected next LH levels for Nifty and BankNifty are respectively 24830 and 55100. These zones will act as HEAVY SUPPLY points and sell position can opened around the levels. VIEW ::- POSITIVE TURNING NEGATIVE.

The Subject Applied Economics and Parenting : Pairing Down.  To discover the PILLAR reasons, of the question, why The US and China became First and Second Economic Giants of the globe, with significant changes in thought processes, I had to go through so many query results and articles throughout internet. I observed that with gradual sustainable continuing growth, Thought and Execution process changes with time and requirements of the ground reality. This gradual process of change in Thought/View/Eye and Character is necessary to build an Empire or a Unique Human Adult over the Earth.  Any big name became big later, walking through their unique process of thought and successfully successively living in the thought using their unique execution SKILL haunted by the thought. Eyes of thought takes time from ones sense to maturity, to grow with brighter view in every angle, throughout time. The origin of the view of the infant lies within the culture and habits it performing or re...

  Belt and Road Initiative: BRI : (2013–present) ::- What is the BRI and how does it function : During his 2013 speeches in Kazakhstan and Indonesia, Xi Jinping introduced the ideas as an approach to global connectivity that he presented at later BRI forums. The program is purposely designed to be both broad and adaptable, using a policy umbrella rather than any single fund or treaty. BRI utilizes a combination of state-to-state agreements, MOUs, provincial and SOE projects, and financing mechanisms as part of its governance model. While the central government of China coordinates through multiple ministries and a decentralized implementation mechanism (policy banks, provincial SOEs, and partner governments), the implementation process is decentralised. Through political forums (BRI Forums) and institutional efforts, BRI is also supported by the Chinese state. Finance & institutions that deliver BRI projects : Large-scale sovereign and commercial loans for BRI projects are prim...

  China’s WTO Accession ( 2001 ) ::- Clarity of facts and legal terminology regarding the necessity of accession :- Date & membership: China became the 143rd WTO member on 11 December 2001 .  Foundational legal texts:  Legal text of substance, including the Protocol on the Accession and Schedules of Commitments to China, includes contractual obligations such as tariff bindings, market-access schedules for goods and services, TRIPS compliance requirements, and transparency obligations. Key commitments (summary): By committing to substantial cuts in applied tariffs and bind rates, China achieved significant MFN tariff reductions from around 2000 to under 9% by the mid-2000s, leading to faster cutting of industrial tariff. The commitments also included phased implementation windows for certain lines of business (agriculture, automobiles, etc.). The Chinese government has made market access commitments in various sectors such as banking, insurance, telecoms and other se...

The Special Economic Zones (1980 onward)  ::- Can you explain what a SEZ is in the context of legal and policy toolkits? To make foreign investment and export activity more cost-effective than national norms, SEZs in China combined various policy tools within a geographically delimited area. The implementation of simplified customs, export regulations, and preferential tax and tariff rates; Costlier or extended leasehold rights for land use and simplified zoning arrangements;.... Allowing for less flexibility in labor and fiscal regulations, with the option of testing unique rules (Shenzhen tested laws and municipal autonomy); etc. The infrastructure (ports, power, communications) and local administrative agencies were devoted to expediting approvals and services. The features of SEZs transformed them into a low-friction location for export factories, joint ventures, and supply chains managed by foreign entities. How were they developed (fast forwarding / deployment)? SEZ experimen...