The Show Must Go On!

Two years on after the collapse of Lehman brothers that announced the recession, there are early indications of buoyancy and confidence staging a comeback. The indisputable drivers of global growth are expected to be the emerging economies; little surprise with India expecting to grow over 8.5% in this fiscal year. Strong growth in the manufacturing sector, reflected in the double digit growth numbers of industrial output are being considered as a good reason for strong performance. With global funds pouring money in the Indian equity markets, the sensitive index also breached the 20000 mark giving a boost to the existing 'feel good factor'. Despite facing continued challenges of national security and the challenge the commonwealth games have posed, the Government has shown resilience in moving on steadily and silently. Although the introduction of the Direct Tax Code Bill 2010 in the Lok Sabha and the passing of the Civil Liability of Nuclear Damage Bill 2010 by the