The Indian Association of Investment Professionals’ (IAIP) Second Annual Forecast Survey, 2010-11, has again predicted that equities will be the winning asset class this year, as it was in the previous year—a forecast that the survey got right. At least 400 people from across the financial sector (with more than half coming from mutual funds, insurance companies and brokerage houses) took part in the survey to forecast a variety of economic indicators and issues.
A look at last year’s survey shows that forecasts on the winning asset class and rupee value were correct, but few could predict the inflation surge or gold prices. For the current year, a majority peg inflation at between 6% and 8% and GDP growth at between 7% and 9%. More than half the people surveyed said the Sensex will end the fiscal over the 18,000 mark.
Also See The Winning Asset (Graphic)
Graphics by Ahmed Raza Khan / Mint)