More optimistic news are coming in due to Jove in the Fifth.
According to Rob Subbaraman of Lehman Bros, India is ready for a great take off. Investments will come in Tourism, food processing, infrastructure & financial sectors !
India's GNP is bound to grow at 10% for the next ten years. India has risen to the second position, as far as foreign investment is concerned.
As we have said before, $ 700 b total and $180 b in manufacturing and with a motivated labour force, India is on the way to become a big power !
With half a billion middle class and with the second largest tech manpower in the world, India's growth will only be second to China, who is growing at 12%.
With improved relations with the US, India is on the road to recovery from debt. You may imagine how much this will have impact on the Sensex and the Nifty, which are at record levels !
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