As our socialist-democratic-republic waltzes past the diamond jubilee mark, the global economies with their think-tanks, academicians, statesmen and core market players are constantly observing this journey. In spite of being the second most populous nation and the largest democracy, driven by 300 million GenNext youth, we may appear as a minor blip on the global economic radar. But, given the 8 – 9 per cent GDP growth rate, a mature democracy, a multitasking, flexi-mindset driven global workforce with the synergistic combination of sharp-nosed dynamic innovator/investor/entrepreneurial business barons, we have the potential to reach ‘commanding heights’, in the global scenario. We weathered the 2008 meltdown, through some astute fiscal policies and strong arm central banking interventions. But just as we seem to be gaining some momentum, rising prices, falling output and a yawning current account deficit seem to be dragging us into the long shadow cast by the Euro zone crisis. No wonder, there is a call for all hands to report to the battle stations!!