This will be our strategy as we move forward.

We feel there is a big market for this kind of a scooter, especially in the urban male, who wants something different from a bike which is powerful as well as convenient.

So the emphasis on employment, emphasis on agriculture, on infrastructure, will generate that.

Growth must come from below. Growth coming from above will see a lot of fluctuations,

This is good news for private equity in India. It shows large deals can get done and will attract other buy-out firms to the country. However, we fully expect the volume of deals to continue to mainly come from smaller growth-oriented transactions.

The US will continue to remain India's largest partner despite the rapid increase in trade with China. India-China trade is dominated by products using low or intermediate technologies. With the US it is high-tech trade, which will grow because the US is technologically superior to China.