India, Dec. 2 -- India's latest quarterly GDP figures-clocking in at a robust 7 per cent + range according to Government estimates - have once again

delivered a polite but firm reminder to global pessimists: rumors of India's economic demise have been greatly exaggerated. At a time when advanced economies are flirting with recession and emerging markets are dodging geopolitical curveballs, India has not only kept its growth engine humming but has added a bit of turbocharge.

A defining driver of this momentum is the government's unrelenting push on infrastructure. Public capital expenditure has grown by over 30 per cent year-on-year in recent budgets, and the results are showing. Highways stretching across states, new airports, record ra...