Market scenario

Inflation at double figures,interest rates climbing higher day by day,Credit norms tightened ,Retail slowdown,Oil on boil.Guess nothing looks positive and the India inc story looks to be falling like a pack of cards.Well everything that goes up has to come down,Thats the wierd rule of markets, for people who were not part of the party for the last four years I guess they would be telling their near ones and dear ones "I told u"perhaps with high fives.Well every economy does follow a cycle and thats what is happening,the era of cheaper credit could be over,and the worst is yet to come,Perhaps real estate is waiting by the sidelines for crashing.To me as I rewind , in a country where 2 decades ago color TVs was an amusing phenomena and cars were next to impossible,India inc has moved by leaps and bounds in terms of reaching world class services to the common man be it mobile or a Maruti car,products and services today are available to the masses and not just the classes.The current economic slow down when looked back i believe is no slow down at all.Well the past is no benchmark at all,there are still millions in this country who do not have accesses to basic amenities like water,shelter, food and children who cannot afford primary education.While the urban youth in this country might crib and whine about bad roads, hike in gas prices,most of us fail to understand, even look at where we come from.Global slow down in terms of U.S banks melting down writing down billions of dollars in subprime losses will surely have an effect of India,but sooner or later the west has to end the quest for supremacy.The millenium definitely belongs to India.