Quickthink

The Economist reports that India’s economy is growing rapidly (10.4% last year) and it may overtake China as the world’s fastest growing large economy. But this quote surprised me

… last year foreign direct investment into India fell by almost a third. This January, the year-on-year decline was 48%.

Here is the link.  And why is this so? Apparently, India has failed so far to significanly reduce the barriers to getting new enterprises going. I wonder if they could outsource that. Just kidding.

So where is the growth coming from?

… India’s underlying strengths (are) the long-lasting benefits of the liberalisation of the 1990s; its favourable demographic profile; its successful diaspora now returning home in large numbers to invest; and its thriving businesses in those areas such as information technology where the government has got out of the way.

Interesting.

This entry was posted on Saturday, April 23rd, 2011 at 3:33 pm and is filed under Globalization. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.