Financial Investment in India

India is a major attraction for emerging-market investors. The country's
benchmark BSE Sensex 30 Index hit a record high on Feb 28 as investors
reacted favorably to both the government's proposed budget and corporate
tax cuts.

Among the handful of U.S.-listed Indian stocks, shares of information
technology services provider Infosys Technologies (INFY) and Icici Bank
(IBN) both reached 52-week highs on Feb. 28.

Matthews Asian Pacific Tiger fund (MAPTX) is a very successful Mutual
fund of recent years. Two of its largest positions in India are Infosys (INFY)
and Hdfc Bank (HDB) , which pioneered the country's mortgage business.

Many mutual funds and individual or institutional investors in USA are
quite heavily invested in the Pharmaceuticals company Dr. Reddy's
Laboratory (RDY) , the respectable and very-reliable auto-maker Tata
Motors' (TTM) and another software giant, Wipro (WIT)