After a year of expansion across the continent, here are five trends to keep an eye on, from high-speed growth in China to inflation in India.

No doubt about it, Asia's economic dynamism was on full display in 2006. China and India dazzled the world with high-speed growth rates. The mainland's biggest bank, Industrial & Commercial Bank of China, raised a record-busting $22 billion in the world's largest-ever initial public offering.
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Boston Consulting Group's Harold Sirkin sees outfits like Ranbaxy, Infosys, and Tata Motors as symbolizing India's growing commercial might.

Perceptions are everything—or so they say. To many Americans, India is just a giant hub for telemarketing and customer-service call centers. But it would be wrong to assume that India's future rests in call centers.
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It's one of the world's hottest mobile phone markets, but Nokia, Motorola, and Samsung must deliver cool handsets at very thin profit margins.

To get a sense of how India's revolution in mobile telephony is changing people's lives, consider the case of Dashrath Pujari, a plumber who shares a modest shop with a cobbler in suburban Mumbai.
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