Jun 28, 2006

Secret of India's booming economy

The India Model from Foreign Affairs via ALDaily

Summary: After being shackled by the government for decades, India's economy has become one of the world's strongest. The country's unique development model -- relying on domestic consumption and high-tech services -- has brought a quarter century of record growth despite an incompetent and heavy-handed state. But for that growth to continue, the state must start modernizing along with Indian society.

This article has lambasted the Indian bureaucracy and points out that we should still be hopefull of achieving something big inspite of such a system. A very well written article must read.

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