In this time of economic downturn, India got two unexpected stimulus packages:
- IPL - Indian Premier League: a cash rich cricket bonanza
- General Election 2009 - A mega democratic election that people across the globe can feel proud of...
While India missed the first package due to schedule conflict with General Election, the capital markets of India welcomed a decisive verdict of General elections in spectacular fashion. The BSE Index (Sensex) hit two up circuits as if it was saluting Mr. Manmohan Singh and the Indian Voter. It's been one of the most sensible election results at least in my lifetime. Good job, UPA! Excellent job, India!
Ultimately, politics is politics... Here is one of the insightful pictures by The Times of India that aptly represents where things stand as of today.
(Source: The Times of India)
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