The Indian Elephant

The Indian economy must be an elephant. At least that’s what it feels like when you read the stuff that observers are saying about it. Blind people describing what they perceive the elephant to be through their sense of touch comes closest to characterizing the quite varied descriptions of the Indian economy. Here’s Cait Murphy of Fortune advising us “India the Superpower? Think Again” (Feb 9th, 2007) and there’s Stephen Roach of Morgan Stanley telling us that “India [is] on the Move” (Feb 9th, 2007), while Niranjan Rajadhyaksha of Mint holds forth in his new book on “The Rise of India.
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