Mitigation or aversion?

After hitting banks and some PE players , the rumble in the pockets of salaried class comes free with eluding salaries. All one can say is"hope for the best".While the Indin incumbents still thrive to make 'common man' understand that it still to hit the Indian markets. It sounds partially true but my observant insight doesn't gives me the same reason - Jet-kingfisher fiasco, subhiksha and small retail chains like 6ten closing and cutting staff ( such events are not even reported), Indian economy not getting hit doesn't looks a promising scenario.
While majority of the damage is in european countries but market researchers believe that elusive potential in Asia- Pacific region will prove to be the final resort for most of them - like India and china being the final ground or investing in Hong Kong and Thiland (growing at rates better than India) might prove to be a fruit for investors in long run. I say comparing India with USA ( DOW at $2.68 trillion and BSE at $325 billion) is a diktat.