India: An elephant, not a tiger

For all its chaos, bureaucracy and occasional violence, India has had a remarkably successful past few years. James Astill (interviewed here) asks how it will cope with an economic downturn

To make a serious dent in poverty, India needs to keep up economic growth of around 8% a year. In the medium term that should not be too difficult. More impressive even than the success of India’s best companies is the zest for business shown by millions of Indians in dusty bazaars and slum-shack factories. They are truly entrepreneurs. It is no coincidence, as is often noted, that Indians have prospered everywhere outside India. Full Story »

Posted by Kaizar Campwala
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Subjects: World, U.S., Business
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Posted by: Posted by Kaizar Campwala - Dec 11, 2008 - 12:12 PM PST
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Edited by: Kaizar Campwala - Dec 11, 2008 - 12:12 PM PST

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Derek Hawkins
4.0
by Derek Hawkins - Dec. 11, 2008

A solid news analysis that ties India's national security, politics and class issues to the country's economic outlook. Very effective weaving of statistics with discussion of their significance. Five for context.

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Kaizar Campwala
4.1
by Kaizar Campwala - Dec. 11, 2008

When the discussion revolves around concrete stats, few publications so succinctly paint an even-handed, sober, informative picture of the challenges and opportunities facing their subject as the Economist. Highly recommended economic forecast for India.

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Subramanya Sastry
2.9
by Subramanya Sastry - Dec. 12, 2008

While a decent overview, it peddles several opinions as fact without indicating whether the opinions are commonly-held or if some of them are contested. For example: "To make a serious dent in poverty, India needs to keep up economic growth of around 8% a year" .. "Some 65% of Indians live on agriculture, which accounts for less than 18% of GDP. Shifting them to more productive livelihoods ..." .... "India’s other big constraints, its cumbersome labour and land laws, should be easier to fix..". All these statements are based on an beliefs/opinions that India needs to shift away from agriculture, that higher economic growth automatically translates to reduced poverty, and that land acquisition for industrial and ... More »

Gandhian models of development, small-scale, decentralized, people-empowering still fire a lot of people in India even though that is on the wane. It is a worldview that the Economist probably doesn't quite get and so it is understandable that those perspectives don't quite make the cut in its articles.

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Kenneth Sibbett
3.7
by Kenneth Sibbett - Dec. 12, 2008

This article was written to inform the reader of Indian's present circumstances, and in that sense it does.

The author writes that the slaughter in Mumbai was carried off by ten terrorists, while true, this operation was planned for over a year with countless other operational leaders involved. While I agree the Police should have done a lot better job, there was no way they were going to stop it all. Concerning the economy, it's not called a world-wide recession for nothing.

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