Frenzied Excitement - Dr. Easo John

http://www.indeconomist.com/30thjune06p1.htm

A two-part essay that describes, in detail, the world economy and India's current economic development.

Well, whats interesting is the fact that mainstream media (like NYT, ET, etc) are covering the irrational exuberance that is "India Shining". They are finally listening to the experienced Indian economists and policy makers and moving away from popular sentiment (again made popular by the government's intense marketing campaign at Davos, etc + the elite media coverage).