Wednesday, December 31, 2008

Year 2008, what a year it has been…

This is the last day of the year 2008. The year will be remembered for many events that have shaken the world (most likely the Economic shockwave). I would probably look into some of my personal favorite events that have impacted my very own country India, and as well my state Assam.

2008 has been a mixed bag for India. This year terrorist activities have peaked with multiple serial bomb blasts in different parts of the country and also the heinous attack on innocent civilians of Mumbai, the financial capital of India. It has been a tremendous year for Indian sports. For the first time in Olympics history India has bagged 3 medals, and the first-ever gold medal in individual category by India’s ace shooter Abhinav Bindra. Cricket which is a religion in India also got a big boost with the Indian cricket team’s stellar performance which has elevated it to the world top teams in all version of the game: shortest (T20), shorter (One-Day) and longer (Test). The successful completion of Indian Premier League (IPL) was also incredible. Vishwanathan Anand made us proud by retaining his World Chess title.

India also made significant stride in the technology space by setting a world record by sending 10 satellites into orbit in a single launch. India also joined the history book by launching Chandrayan-1, a spacecraft on a lunar exploration mission. A part of the mission also hoisted the Indian national flag at the surface of the moon.

In the diplomatic front India successfully signed the Civil Nuclear deal with the United States. This provides India the unique access to world’s nuclear fuel and technology. With India struggling to meet its power demand, this will be a big boost towards achieving power self-sufficiency.

Indian business had a tough year. Though the Tata’s were successful with the deal with Ford to acquire Jaguar and Land Rover, it has to unfortunately pull out of the (hugely anticipated car of the year) NANO project in West Bengal. That was a big setback for the sentiment of the Indian business community. This added to high inflation, peaking crude prices and global economic slowdown makes it a tough year for Indian business. The stock market responded by hitting rock bottom from its peak at the beginning of year loosing nearly 60% (most peoples including me lost money). The opening of the Jamnagar refinery by Reliance was a big boost to end the year. It is the world’s largest refinery.

In the cultural front Bollywood did pulled out some big hits (though I didn’t liked most of them). Parvathy Omanakuttan brought pride to India by being the first runners up in Miss World 2008. Aravind Adiga made us proud by winning the Man Booker Prize.

I am welcoming 2009 with my fingers crossed. Wish you a Happy & Prosperous New Year 2009.

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