Personal investment & tax planning yearbook( financial year 2006-07)

No one should now have even an iota of doubt that slowly but surely the old order is changing as the India growth story unfolds. Indeed, it has been a remarkable rise of an economy which was buried low even among the third world nations till very recently. The journey on the road to economic reforms is yielding results which are there for the world to see. Not only is India today ranked among the leading economies in the world but is also recognised as one of the few hotspots for both investment as well as talent. India Inc is witnessing an incredible ascendance. More and more Indian companies are joining the Forbes 2000 Global List and many more are waiting to do that, which is evidence enough that India has finally arrived on the global map. Indian talent and competence is getting recognized the world over. And India as a market has the world's who's who - from Wal-Mart to Vodafone - craving for a pie in India's phenomenal rise. The Indian stock market is on fire which has even resulted in Sensex crossing Dow Jones Industrial Average (though such comparisons are not be meaningful); nonetheless, it has a psychological impact. In essence, it might turn out to be India's century. That means enormous opportunities. However, never underestimate risk, as we live in an inter-connected world.