If you ask me, over time, I am a believer in the Indian financial saving story getting stronger; a lot more savers are moving money away from gold and real estate into banks, mutual funds, insurance and equities.
The ability to scale up is hard. So the best model for us is concentrated India, diversified financial services, and through this, we can get significant scale on an Indian platform.
It is a budget for the long-term investor in the Indian economy.
We were one of the early investors in the Indian telecom sector and have enjoyed a very fruitful association with Hutchison.