@@ Friends: I bring to each one of you warm greetings from 1.2 billion people back home in India. Macro-economy: As you may know, in recent years, India has emerged as one of worlds fastest-growing significant economies with annual GDP growth rate averaging about 8 percent. Currently, the value of GDP is nearly $ 1.5 trillion; and in purchasing power parity (PPP) terms it is about $ 5 trillion. The countrys macroeconomic indicators are robust. In addition to healthy GDP growth, the foreign exchange reserves are satisfactory at about $ 300 billion and foreign trade has been expanding annually at about 15 percent in dollar terms. Indian market is rapidly integrating with the global market through liberal trade and investment policies.