Jan 4, 2007

Mumbai Stock Market Vs. S&P500

Has anyone noticed what Bombay Stock Exchange has been upto? Here's the two year comparison of BSE 30 and S&P500. I have always believed that India is the next big growth story. Goldman Sachs BRIC (Brazil, Russia, India, and China) story also points to this.

With Stock market and the real estate market going gangbuster, it is not surprizing to see billboards such as the one by Merrill Lynch below. This one is place right outside Dharavi -- asia's largest slums.