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INDIA: THE HINDU ELEPHANT PICKS UP SPEED
Dr. Suman Modwel
A few years back Edmond Lisle and Ping Huang-Lisle titled their paper in the Bulletin de l'Association
(Nov 2001, No. 27), "La Chine: la plus ancienne civilisation
etc?". Given the unrelenting pace of growth exceeding10% p.a ever since, this question is largely rhetorical few would answer it in the negative. In fact, as if China was not enough in causing considerable commotion in the world of business and investment (challenging the long held belief that the world will always remain divided between the developed prosperous North and the developing poor South), the question could now well be applied to the lumbering Indian elephant that seems to be chasing the Chinese dragon at some speed, with both projected to overtake most of the G6 countries by the time the new generation born today grow up and enter the work force. The chart below from a Goldman Sachs study of the BRIC (Brazil, Russia, India and China)......
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Title: India Risk Analysis
Approximate Word Count: 4184
Approximate Pages: 17 (250 words per double-spaced page)
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