I believe we as investors  keep re-learning the history... bubble, shock-awe, denial, realisation

and revulsion- the stages of a bear market post bubble...Over the last

5 years, there has been very little that has been done on policy front to

enable better infra or create a sustainable model of growth...Yes,

there has been a lot of hype from the current govt and effect of inertia of growth set in by

the last govt... Now its time to get out of the hype and back to

India's official literacy rate is around 60%, and even out of that 60%,

a large chunk lack quality education.. So we are a country which needs to

generate employment for masses on a sustainable basis. Now the only

sector which can accommodate such large scale people from unskilled and

semi-skilled portions of the popn. is manufacturing. In order to have a

vibant manufacturing sector, which can not only compete at home but also

abroad, we need sound infra and pro-business mindset in country.

Time is money and there should be low or no formal impediments to this

framed in a comprehensive manner, with a single point objective of

building and growing a vibrant manuf. sector. Then as the sector grows,

it move up the value chain and become a magnet of global

Services sector primarily serves the real sector and as the economy

transforms from developing to developed status, services as share of

total output increase. By then the large pool of population becomes more skilled 

India, has got it wrong here.. With a large chunk of low or no skilled

workforce it has tried to create a services lead economic growth

The only real sector, which has been able to attract the large pool of

semi-skilled and no-skilled workforce has been the real estate sector. Too

much of cheap labour was supplied to a small industry. A a result what

we created was large scale overcapacity. Now with all signs of the

GREAT INDIAN REAL ESTATE BUBBLE COMING TO AN END, we will see large

scale unemployment in the unorganized sector... this will have an