1. 1 ADVANTAGE INDIA ASIAN DEVELOPMENT BANK 38TH ANNUAL MEETING OF BOARD OF GOVERNORS MAY 4, 2005 ISTANBUL Sunil Kant Munjal President, Confederation of Indian Industry and CEO, Hero Corporate Service Ltd

2. 2 ADVANTAGE INDIA Building Economic Cooperation in South Asia ASIAN DEVELOPMENT BANK 38TH ANNUAL MEETING OF BOARD OF GOVERNORS MAY 4, 2005 ISTANBUL

3. 3 ADVANTAGE INDIA East Asian Community ASIAN DEVELOPMENT BANK 38TH ANNUAL MEETING OF BOARD OF GOVERNORS MAY 4, 2005 ISTANBUL

4. 4 ADVANTAGE INDIA ADVANTAGE INDIA The Booming Economy *CSO advance estimates

5. 5 ADVANTAGE INDIA Quality Manufacturing ASIAN DEVELOPMENT BANK 38TH ANNUAL MEETING OF BOARD OF GOVERNORS MAY 4, 2005 ISTANBUL

6. 6 ADVANTAGE INDIA Knowledge Economy ASIAN DEVELOPMENT BANK 38TH ANNUAL MEETING OF BOARD OF GOVERNORS MAY 4, 2005 ISTANBUL

7. 7 ADVANTAGE INDIA Solid Foundation of Stable Effective Institutions ASIAN DEVELOPMENT BANK 38TH ANNUAL MEETING OF BOARD OF GOVERNORS MAY 4, 2005 ISTANBUL Independent regulatory authorities Vibrant financial institutions Buoyant stock markets Watchdog media

8. 8 ADVANTAGE INDIA Demographic Dividend ASIAN DEVELOPMENT BANK 38TH ANNUAL MEETING OF BOARD OF GOVERNORS MAY 4, 2005 ISTANBUL Median Age of India - 24 years

9. 9 ADVANTAGE INDIA Dynamic Consumer Markets ASIAN DEVELOPMENT BANK 38TH ANNUAL MEETING OF BOARD OF GOVERNORS MAY 4, 2005 ISTANBUL

10. 10 ADVANTAGE INDIA March of Reforms ASIAN DEVELOPMENT BANK 38TH ANNUAL MEETING OF BOARD OF GOVERNORS MAY 4, 2005 ISTANBUL

11. 11 ADVANTAGE INDIA See you in Hyderabad! ASIAN DEVELOPMENT BANK 38TH ANNUAL MEETING OF BOARD OF GOVERNORS MAY 4, 2005 ISTANBUL