still a bubble........
its not sustainable with the rocketing stock market we cant say that we are at the periphery of attaining sustainable devlopment . some policies are going haywire.....
1) SEZ- no rehablitation plan for the farmers and result andigram and singur.
2) 10,000 farmers committed suicide no special emphasis on bringing agriculture to the fore.
3) 27 % still below poverty line , education system not productive enough .and many more things still the hope is there that things would improve .
One most important things we should look towards a balanced devlopment keeping environment also in the scheme of things..............
I think its only Share Market which is not sustainable.While the growth story of India as a whole will remain pretty buoyant in long term. Due to rapid urbanisation and growing number of Middleclass the economy is consumption driven instead of investment driven.
If you see the current scenario then you can say that the fundamentals are good enough to carry ahead and maintain the growth till near future.At the most US recession and weak global consumption can affect export industry.Where as the income disparity among different sections of Indian society is concerned, that has to be taken care of.
