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  The economy is presently encountering a bit of a turbulence . Since fuel prices have skyrocketed due to the Ukrainian crisis , a shortage of fuel is leading to inflation . My reading is that excess money supply in the economy is not leading to this , as there is a school of thought which believes that drop in interest rates during COVID led to this , which was primarily meant to kick start the economy .   Since mass sentiments have changed rapidly to hike in interest rates by 40 bps , many folks are moving money out of the stock market and into fixed interest instruments . This is leading to drop in the prices of many bluechip companies , which is helping these to be available now at very affordable rates. This may be a good opportunity to invest in these great companies available now at very attractive valuations.   You can invest in large cap funds like Franklin or SBI Blue Chip or their equivalent or buy straight into equities like Hindustan Unilever , Nestle , HDFC ...

In 1978, after years of state control of all productive assets, the government of China embarked on a major program of economic reform. In an effort to awaken a dormant economic giant, it encouraged the formation of rural enterprises and private businesses, liberalized foreign trade and investment, relaxed state control over some prices, and invested in industrial production and the education of its workforce. By nearly all accounts, the strategy has worked spectacularly. While pre-1978 China had seen annual growth of 6 percent a year (with some painful ups and downs along the way), post-1978 China saw average real growth of more than 9 percent a year with fewer and less painful ups and downs. In several peak years, the economy grew more than 13 percent. Per capita income has nearly quadrupled in the last 15 years, and a few analysts are even predicting that the Chinese economy will be larger than that of the United States in about 20 years. Such growth compares very favorably to th...