It could also clear stalled projects and review various subsidies on the energy, food and fertiliser fronts.
Longest period of price-earnings expansion in the index since 1996
The stock markets need not be an enigma - use resources at your disposal
Net capital gains from the sector over a full cycle may be more than the gains logged by cyclical sectors.
Given their growth prospects and reasonable valuations, Mindtree, Hexaware and NIIT remain top picks of most analysts.
Does the rally reflect expectations of improving fundamentals or they are likely to correct?
'Indians are great savers, but they are lousy investors.'
Most expect these bubbles to break in short order and cause serious financial pain to anyone who's foolhardy enough to remain invested in financial assets.
'We want to make sure we stay in India and we have very high hopes from India,' says Mark Mobius.
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