This phase happens every 10 years. For instance, in the 90's, Japan was the happening market and a Japan strategy had to be in place. With the high inflation levels and saturated markets abroad, India's consumption story is real and comforting.

170

Everyone was wrong on how much liquidity there is in the market.

160

The markets could correct up to 20 percent over the long-term. I'm not looking at any more levels. There is enough risk on the downside.

160

India has moved from being a small car to a Ferrari.

154

I can't comment on the short term situation. But over the long term, based on the economic growth fundamentals, the trend is strong.

137

We feel all the ingredients are in place for (rapid) economic growth. We are confident of India achieving growth of 8-9 per cent in (the year to March 2007).

122

You get a good taste of the whole economy. You are capturing all the growth areas, whether it is investment in real estate or [capital expenditures] or credit-card growth.

116