Ten reasons why India would grow almost as strongly as it has done in the past many years

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The land of snakes, elephants and...growth

GDP growth rates in India tumbled yet again after the East Asian financial crisis of 1997. The ‘dot-com’ bust across the world in 2001 again led to growth rates crashing in India. So let’s stop fooling ourselves with this ‘de-coupling’ nonsense. The Indian economy will definitely be affected during the ongoing crisis. We can’t wish away bad news.

And yet, there are very strong reasons why the Indian economy will be the most successful one when it comes to riding out the current storm. And there is little doubt that it will be the first economy to emerge stronger with a more solid foundation of sustained growth. Surprised with such a statement when all you get is hysterically bad news from media vehicles? Don’t be. Here are the ‘fact’ based reasons why:


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Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).


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