A mix of delight and disbelief greeted the recent announcement that India's GDP-the rupee value of all goods and services produced in the economy, also called national income-grew by 10.4 per cent between October and December 2003. The year 2003-4 will record the highest GDP growth since 1988-89. Better still, the high growth is spread across all three sectors (see graph). Expect more good news in the next two months. How much the economy shines after that will depend on how soon and how much new investments are made; how many jobs that investment creates; how good the monsoon in 2004 is; and how high the oil prices rise. Here are the highs and the lows of today's economy.