India Shines On
In many rich OECD countries, the financial crisis and recession have made government intervention popular again. In India, by contrast, even when you might think that government should be expected to deliver more, expectations are not high.
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MUMBAI – Every day, a small Japanese jet brings another 60 businessmen from Tokyo to sniff out new commercial opportunities in Mumbai and the heart of the Indian economy. Naturally, there may be a touch of geopolitical calculation about this. As Japan grows increasingly nervous about China’s rise, the case for increasing investment in the other Asian giant strengthens.