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India’s Economy in Retrospect: 10,000 runs and counting…

Samvit Tandom

Page : 3

Short Essay

and we should be proud. In fact, it is this youngest of the three generations, my own younger relatives, that have that promising air of optimism reminiscent of Yuvraj

Singh’s nonchalant swats to the mid-wicket fence, or Mahendra Singh Dhoni’s audaciously confident lofts to long-on. The ‘cell-phone kids’ of today’s India have everything in their own backyards. No longer are they desperate to pack their bags and head west in search of a “better life.” India’s economic surge owes mainly to the increasing wealth of its middle class who have been poised for many years to break the shackles of economic mediocrity and come out in hordes to spend and consume. But for every crouching tiger there is a hidden dragon, and some credit must go to China’s massive economic advance for drawing the world’s attention eastwards. Watch out Japan, China and India are here to stay as Asia’s new top-dogs. But while China stands firm on the yuan and the west continues to harbor anti-communist fears, India’s star can rise undiminished. Of course, these are rosy times to write rosy opinions about India’s economy. Or perhaps, it is because I am beginning to share that unrelenting optimism with today’s youngest generation. As the Sensex rallies past the 10,000 mark, another Bombay star, the Little Master, will soon look to increase his own tally of over 10,000 runs. The race is on! Ironically enough, he will look to do so against the English! Ultimately though, perhaps Andrew Holland, executive V.P. of research at DSP

Merrill Lynch in Bombay, summarizes it best: “The stock market is the barometer for the economy, the market and companies’ earnings potential, and the Sensex is showing how strong and robust the Indian economy is. It shows that India has finally arrived.”

Mera Bhaarat Mahaan!