CAMBRIDGE: India may the most important unheralded story of the world economy in coming years. Though India's one billion people constitute nothing less than one-sixth of humanity, and notwithstanding the fact that India is the world's largest democracy, India remains off the radar screen for most observers of the world economy. This may change soon, for India is on the move. If it remains on course with economic reforms, India will be one of the fastest growing economies in the world in the next few years, and will become one of the premier locations for foreign investment. India's global political influence is likely to rise in conjunction with economic success, benefiting both the cause of democracy as well as the global economy.
CAMBRIDGE: India may the most important unheralded story of the world economy in coming years. Though India's one billion people constitute nothing less than one-sixth of humanity, and notwithstanding the fact that India is the world's largest democracy, India remains off the radar screen for most observers of the world economy. This may change soon, for India is on the move. If it remains on course with economic reforms, India will be one of the fastest growing economies in the world in the next few years, and will become one of the premier locations for foreign investment. India's global political influence is likely to rise in conjunction with economic success, benefiting both the cause of democracy as well as the global economy.