Despite the economic doom and gloom around, I have still been euphoric over the last few days. The starting point was of course the results of the General Elections in India. Wow!! There is so much that can be said about it. In one stroke, the 60% of the voting population of India (which arguably comprises of the rural and urban lower and middle class only) has rejected the Left, the small regional opportunistic pigs, caste and religion based vote banks and polled in economic progress and development.
The euphoria was converted into a standing ovation that the stock markets gave to the election results on Monday. Wow again!!
From my perch here in Melbourne, I have been more interested in the opinions of the rest of the world. That indeed is going to give shape to the money flows into the Indian markets and economy over the next few year.
Locally, the Sydney Morning Herald, was very optimistic on India. The Independent of UK shouted Watch out as India sprints ahead and looks set to surpass the UK in less than a decade.
The expectations are high. The opportunity is there. Loha hai garam. Maar do hathoda!!
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