Is India the new China?
Posted : November 1, 2005 at 12:14 pm [America/Los_Angeles]
IS INDIA THE NEW CHINA? So says Morgan Stanley’s normally cranky Stephen Roach. “After my third trip there in 18 months, I am as enthusiastic about India as I was about China in the late 1990s,” he writes in a new report. “With its foundation of consumer support broadening and deepening, the Indian GDP growth dynamic could now shift toward the upper end of a 7% to 8% range. I have long argued that global rebalancing will not occur as long as the world remains hooked on one consumer—namely, the American consumer. Think India if you want a way out of that trap.”
— Fortune, “Treats, Not Tricks for Investors”
I would like to believe it, but something inside me continues to be very skeptical of our politicians and the public servants. They show no signs of maturity over the 15-odd years that I have been following them. They continue to do the only thing they know - overpromise and underdeliver, talk more and do less, and in some cases say nothing and do nothing I am not convinced (not yet) that things in the political circles have changed much. And unfortunately for Indians, this community has to mature and mature fast for India to reach the levels of success that it is truly capable of 
- Anand
Category: Chindia