India has heralded the second phase of economic liberalization with much fanfare in the stock market. The growing stability and strength of India’s capital market, currency and foreign reserves reveal investors’ confidence in its increasingly globalized and better managed Indian corporations. Growth led by the export boom in the IT and biotech industries has spilled over to the other sectors. This has been supported by a population that is the second largest in the world – leading to a surge in domestic labor and consumer market. The Government of India has been a catalyst in this process through its well-regulated, investment friendly macro and micro policies, as well as infrastructure. The benefits of these are evidenced by the rise in entrepreneurship and the number of possible mega corporate winners.