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Arvind Singhal: A new class of private equity?

India, or at least Indian economy, seems to be shining bright like never before

India, or at least Indian economy, seems to be shining bright like never before. Beyond billion and multi-billion-dollar business deals on a regular basis, the stock market indices are at all-time high levels, real estate prices have touched stratospheric levels with the biggest boom in ultra-luxury apartments, annualised domestic sales of automobiles have crossed the two-million mark with big gains coming not only for the entry-level vehicles but also for the premium and luxury ones, and magazines are now full of advertisements for ultra-expensive jewellery, wrist-wear, pens and other ...