Wednesday, March 22, 2006

How justified is BBC towards portraying India's Image

This is story from BBC.co.uk about the BSE sensex. Why are they mentioning "Main" sensex. Why cannot they simply say BSE Sensex? Do they expect people don't know what does BSE means. Then let them find out. I don't think BBC will ever mention America's "main" sensex while referring DOW or NASDAQ.


India's main stock market has passed another major milestone, scaling the 11,000 mark for the first time ever. The landmark level was reached less than six weeks after Indian shares broke through the 10,000 barrier.


Strong economic growth and increased interest by foreign investors in Indian firms have underpinned the market's performance in the past two years. After touching a 11,017.25 high on Tuesday, the benchmark Sensex share index closed down slightly at 10,905.2.
The index passed the 10,000 mark for the first time as recently as early February, and has risen 17% in value so far this year. The previous year had seen share prices increase by 42%.
Analysts said they expected the market to continue growing, bolstered by widespread faith in India's ability to maintain its outstanding economic growth of recent years. 'This is a no-sell market with strong fundamentals, sustained domestic buying and retail appetite in equities keeping stocks buoyant,' said Rajesh Jain, a director at Pranav Securities. "


I strongly feel that the media in Europe or in North America, is not doing enough justice in portraying the right image of India. I am saying "Right", I am not expecting them to say something which is not there.

They should now realise that India cannot be just looked upon for some news on poverty, corruption etc. These guys need to open there mind.

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