Among the numerous viewpoints regarding India’s potential to make it to the big league, one of the most important opinions held by many analysts is that India has even failed to decisively counter the challenge of terrorism directed towards it from its neighbour, which is one-eighth its size.

Experts opine that the defeat and humiliation at the hands of the Chinese in 1962 has been largely overlooked in the planning of future strategies. According to them, there is a lot of hype about India’s emergence as a great power. But as we take credit for limited successes against a small adversary, there is little or no public knowledge of a well laid out doctrine regarding future engagement with a superior power like China.

Strategic thinkers, who do not subscribe to Chinese lobby, have started drawing a picture that depicts China’s strategic efforts to “encircle” India from all possible sides. Besides building modern roads along Indo-Tibet borders, new Chinese Air Force formations have been stationed at such locations from where India can be easily targeted. Nuclear capable missile bases have been set up in Tibet region for the first time.

However, the media and the people need not panic. Indian policy makers are alive of the situation and they are using all possible measures to contain China on the unresolved border issue.

The joint Indo-Pak statement, which was released after Prime Minister Manmohan Singh’s meeting with his Pakistani counterpart on the sidelines of the NAM Summit in Egypt seemed to be an exercise in futility.

Barring one or two points, it was a confusing statement. India’s position till now has been that it would not renew dialogue with Pakistan unless appropriate action is taken against the people responsible for the 26/11 Mumbai terror attacks.

By far the most important aspect of illegal economy in Jammu and Kashmir, particularly in valley which has received minimum attention, is the introduction of fake Indian currency. During last decade the role of fake currency in impacting the socio-economic scene in Kashmir Valley is more than anything else.

Injection of fake currency seems to have crossed the boundaries of clandestine operations. It is becoming the part of socio-economic culture.