^^
Eastern corridor, now that the govt. is on to the 'corridor' biz., the eastern corridor can happen faster then the western one.
The East has good connectivity via rail, road and waterways. The western is all undeveloped so things have to be put in from scratch. Access to construction sites is a bit tougher. Regional infra. in the east is good enough to roll or barge in the input. Hopefully, learning and knowledge from the western corridor, mgmt. practices, will be utilised in the east.
Rs. devaluation has to be seen in context.
We know some real sharp types run the RBI and govt. They are all about the economy. Naturally, they calculate that while IT, auto, pharms, diamond and gold jewellerry and refinery, and small motors, pumps and engines exports are all sunrise sectors for India Vs. China.
China currency value is going up, it's a 'hot' economy, there's pressure from US and EU plus China wants to grow local consumption. China also seeks exit form the low end manufacturing to focus on higher margin, value-add exports as it's population dividend dwindles. The new 1-child family kids are 'little emperors' and with universal education and public facilities, the new Chinese kids on the block hardly see themselves as 'honourable', sweat-shop runts. China is right, China has genuinely moved on to the next level of economic development.
China is India's only competition in above sectors. As Rs. is devalued vis-a-vis the uptick in Chinese currency, Indian economy is lapping at the Chinese low hanging fruit. For eg. Indian and Pakistani owned Bangaldeshi garment manufacturing via cotton and low-end accessories exports to Bangaldesh. Or Indian owned call center and IT outsourcing to the Phillipines and Sri Lanka.
India's IT boom will continue unabated, but will be replaced by pharma export mega-boom and local housing/construction industry boom.
Indian real-estate sector is now Global scale. They are busy with the ongoing infra. boom. 3-5 yrs. and the over $ 1 Trillion nominal or $ 10-25 Trillion PPP infra. boom sets in, Co.'s will switch to the housing sector. Housing prices are sliding all over India, better infra. outreach is bringing access to outlying population areas. Housing high end demand is saturating, focus is turning to mass market. This trend will amplify.
For eg. Tata's TCS branch hit a market cap of $ 80 Billion and rising! The new Tata boss is a Shapoorji-Pallonji construction business magnate. A realtor with big bucks
.
The other major companies of the group include Tata Motors, Tata Steel, Titan and Tata Global Beverages - all in rising or traditional Indian sectors, read re: motors it's steel and labour, Titan's all design and labour re: watches, jewellery and global beverages means tea, coffee, water etc.
Other listed entities of the group include Tata Power, Indian Hotels, Tata Communications, Rallis, Tata Coffee, Voltas and Tata Chemicals.
Then there is Infosys, Wipro, HCL and plenty others. That's only 1/2 the story because MNC's like IBM, Accenture, Cognizant, Cap Gemini are huge in India's IT business. Like Tata's Tata Housing Co. division, they can cross-fund thier real-estate arms. Wait for the election, Congress (Aadhar scheme votes, for good or for bad) will return and the all new blue-eyed boy Raghuram Rajan will return things to boom.
Good, 20 yrs. old documentary of re: opening Indian economy