As we all know, the Indian economy is on a bull run. It has been on a bull run since Vajpayee’s times. After a brief run downhill as soon as the Communist-backed Congress came into power, it has renewed its climb and has now crossed 8500!

That’s excellent news for the Indian market, industries, investors and even for the people – as it means more money pouring into India.

But is this a sustained growth in the Sensex?

Chidambaram assures investors and the markets that any manipulation will not be tolerated. I believe him. However, he gives way for speculation – of course India is free – thus giving way for a fall.

I was talking today with a Cambridge Economist who simply laughed and said that the market could come tumbling down when one fine day the Americans decide to withdraw all their dollars and go off elsewhere.

Of course, any market could fall any day – that is the strength or the weakness of capitalism, which is in reality a ‘wild beast’, to quote the Cambridge Economist.

But I think the Indian market is quite safe at least for the next few years. Every major organization from the IMF, World Bank etc. have high hopes on India – so if you are thinking of investing…what are you waiting for?