The economic planns of a few are still chugging along but India's investment bankers have been busy trying to spin the few remaining miracles with them as source for and with the networks in tow. The bankers are busy reaping in the benefits with faster disbursals avoiding the equity capital markets stories as they crumble every quarter around the same time and place and traders are getting tired of the short stuff ( not the shorts though, they extend inoto anther month of bearish hegemony) After the respite of June and dominos as staple on F&O, the traders can also take a break as the ADA group and Axis bank, the Sesa Goa and the Sterlite waterloos and the great Infy results marathon have all come and meant exactly nothing for FDI inflows. FDI for real business has improved though in May and June and we are suddenly looking at agreat $40 bln inflow for the fiscal. PE deals are uninspiring buying and selling Flipcart and Snapdeal in $200 mln valuations (Flipkart at 10 times revenue) 

The revival will take another couple of quarters to find its feet, and all the stories we have had in the last six months good afor a great cabbage sale. We are on it too, discovering for everyone the real element of that Indian push into the strato sphere. Welfare, anyone?

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