Word: indianized
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...strength in India's banks. A January report by economic-research outfit Centennial Asia Advisors noted that based on available data, "there was no sign that domestic banks' nonperforming assets were deteriorating materially." Nor do analysts harbor the same concerns that India's monetary policies are sending prices of Indian real estate to bubble levels. "India's growth, though less stellar, does have the reassuring factor that the [risks of] asset price bubbles are less," says Rajat Nag, managing director general of the Asian Development Bank in Manila...
...Indian economy is not immune to risks. The government has to contend with a yawning budget deficit, and last year's weak monsoon rains will likely undercut agricultural production and soften rural consumer spending. But rapid growth is expected to continue. The World Bank forecasts India's economy will surge 7.6% in 2010 and 8% in 2011, not far behind the 9% rate it predicts for China for each of those years. Indian Prime Minister Manmohan Singh, when speaking about his country's more plodding pace of economic policymaking, has said that "slow and steady will win the race...
...Paranormal Activity had premiered at Sundance, it could have been overshadowed - it had no celebrity stars or high-profile endorsers. And unless Redford's issues are addressed, it may get as bad as Eric Stoltz envisioned in an Us Magazine interview: "Sundance is actually an old Indian word that means publicity...
...Instead, Pakistan continues to see its primary security challenge as emanating from India, which it views as the power behind the Karzai government in Afghanistan. So right now, the Afghan Taliban and associated Afghan insurgent groups based in Pakistan are seen as Pakistan's best hope for rolling back Indian influence and regaining some of the strategic influence lost when the Taliban were routed...
...time to be an author in India, says Malhotra. "They now have so many options to be published." That's exactly what aspiring author Satyajit Sarna is banking on as he sizes up the festival crowd, looking for his big break. But figuring out how to become the next Indian literary star isn't easy. "My book is a dark coming of age story where nothing really works out for anyone," he says. "I don?t even know if there?s a market for that...