A win win situation: Essentially there is no negative side to the global financial crisisfor India. One of India's largest expense is energy - oil, naturalgas. 70% of its energy is being imported. With the financialcrisis, these commodities that India is always in a dire need of, are trading at 26% of their original prices. That's a savings of 74% putting a significantly lower pressure on the Current Accountof India for FY09. Inflation, another huge factor that was putting pressure on the economically weaker Indians is now decreasing at a fast pace. The current inflation has dropped from a range of 7%-8% to 2%-3%. India'sproductivity is still increasing, jobs are being created in most sectors adding to the GDP figures. The reason for that is simple, India has a good mix of state owned corporations and priviately owned corporations which are competing with each other in the domestic market. An example of this is State Bank of India, which as the name suggests is a state owne...