India Shining

Has 2006 been the best year India has ever had? Has the India storey finally become a reality? Are these the times India will see for many many years to come? Is India really Shining? Will it continue to shine?
There are many factors we need to consider. Tata's get a 8bn Dollar financing to buy Corus. And if that was not enough, Morgan Stanley finances 10bn Dollars for Hutch acquisition. And Essar is nowhere close to top of the corporate heap in India. Essar went through a painful financial restructuring. And Hutch has no export revenue. It is purely an Indian venture. Clearly Global Financial Community is looking at India very closely.
And these two are not isolated incidents. UK's house of Commons debated at length the India China threat. Thailand had appointed a leading consulting company to advise the government on how to fight the Indian threat. This was before the military coup in that country.
The economy has never grown at this pacew ever. While the government figures indicate that our GNP is growing at 8.5%, we may in reality be growing at over 10%. That's just a shade below China. And with most Western Economies battling their own devils, India seems to be galloping ahead.
The campaign may have broken earlier, but the storey continues. Watch this space