sir, This kind of theoretical calculations will not translate in to reality.You can't just caculate based on few datas that have been arrived at again theoretically.A growth in the sensex should translate atleast a part in to GDP growth.Without any dramatic growth in GDP we can not consider the phenominal growth of sensex as an indication of growth of our economy.It is totally an unrealistic figure to achieve in any country in the world.This will just lead to bubbling in the share market and end up with a great tragedy.India will have to meet the fate that the countires faced during the East Asian crisis if the markets are not regulated properly with enough measures.What will happen if the FIIs found another region with potential growth for investment.There must be enough cushion in our economy to absorb such kind of shocks.Sensex growth may attract and benefit some capitalists but the over all growth of the economy still remain in the GDP and this alone can speak howfar our econnomy moved from developing economy to developed economy.Major contribution to the sensex comes from service sector but not from manufacturing sector which is really a worrying factor for any developing eco
