Corporate earnings
Corporate earnings in India are growing at an astounding 35 percent annual rate. The 30 largest companies of that most populous nation have increased their earnings at 35 percent in this year's first quarter. It's far surpassed projected revenues by 20 percent.

Of 800 publicly-traded companies, average earnings growth has reached 17 percent.

Three companies have doubled their earnings over last year - Ambuja Cement and telecom giants Bharti Airtel and Reliance Communications.

Such world-class giants as Tata Steel and pharmaceutical company Ranbaxy Labs also have experienced major earnings growth, with 12 percent and 19 percent growth, respectively.

Tata Motors is expected to put thousands of cars on India's growing network of highways late this year. It's expected that millions of Indians will eventually own these incredibly cheap cars ($2,500 each).

Investment
Private equity investors are now putting more money into India than in China. Nearly $20 billion in private equity poured into India in 2007, a 156 percent jump over 2006, and 34 percent greater then invested in China in 2007. Infrastructure investments account for the lion's share of the private equity flows into India, followed by telecom, banking and financial services, and real estate.

Natural resources
To cap such a long list of advantages is India's quest for an increasing search for oil sources all over the world. Its steel industry expects growth of about 8 percent a year as demand nearly doubles from the current level of 36 million tons of steel per year to 65 million tons by 2012. This demands a huge consumption of iron ore.

India's copper consumption stands about 2.5 percent of the world consumption, still less than China's per capita consumption. With the stupendous growth that lies ahead, this subcontinent will be relying on an increasing amount of the world's dwindling supply of global natural resources.