Tuesday, November 01, 2005

China & India/Economy/Predictions


The Economist: What's to stop India and China?

"FOR the past two years and, according to projections, this year and next as well, the Indian economy has managed to grow at around 7% or better. That allows optimistic souls, in London, New York and Tokyo as well as in Delhi and Bangalore, to hope that India might now be on the verge of repeating China's awesome transformation. By averaging annual growth of 9.5% for almost three decades, China has lifted hundreds of millions out of poverty in the most rapid and far-reaching economic transformation in history."

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