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How does one measure the feel good factor?
Are Indians truly in a positive mode or is it just media hype? How does a
rising rupee, a booming economy actually affect the common man? Or is there
mere journalistic cynicism? After all, there must be something in the air if
Indian cricketers beat Australia in Australia, and Indian hockey players make
defeating Pakistan a habit, not chance!
The tangibles are all there: the BSE-500 has risen over 100 percent in the
last eight months, making it a world-beater. Business confidently predicts a
growth at greater than 7 per cent of GDP (the last time this happened was in
1996, and even then, it was 6.8 percent); the monsoon was good, so much so
that dry Rajasthan saw excessive water!
Then, for the chattering classes, who are obsessed with beating Pakistan in
war and China in economic growth, the good news was a flurry of articles
questioning China's high growth and praising India's solid performance.
Economists of varied hues and financial giants like Goldman Sachs and others
said India was the country to invest in.
......
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..........................Something
must be right with India! (Rediff)
http://us.rediff.com/news/2003/dec/24akd.htm |
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