[pyro]

Lookin at the general opinion, it seems that we have shed our pessimism as a nation... India has never had such a phenomenal growth rate both as a nation as well as a financial center..But mind you, a volatile stock market still reflects an unstable economy.Hence financial regulation by the SEBI, though satisfactory must be strenghened further for Full Capital Account Convertibility. Also securitization and factorization of instruments must be looked into..This became clearer when India faced the Participatory notes dilemma. Hence opening up the financial sector is still not a gr8 idea for another two years.