After 7 years of 8.3%

Published By: Business Standard on eSS | Published Date: June, 05 , 2010

This editorial piece talks about the changing scenario of India's Economic Growth. There was a time when the Association of South-East Asian Nations (Asean) would look with mild disdain at an India that could not seem to get its act together, while the many Tiger economies of the region recorded transformational economic growth and commendable social progress. Now, the picture is changing. In the next two years, India’s GDP will finally become bigger than that of all 10 Asean members combined. It further poses certain important questions like; can India think of overtaking Germany and Japan? Does India’s vision for itself encompass a GDP that could be $4 trillion before we know it — after all, that is only a little more than the near-trebling that has occurred in the last decade (from $450 billion to $ 1.3 trillion)? And if one’s vision does encompass this, can the country drum up the action to actualise its vision of its own future?

Author(s): T.N. Ninan | Posted on: Jun 14, 2010 | Views(1614) | Download (284)


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