by Manas Chakravarty – BWI
India is on a growth path very different from the ‘flying geese’ economies of East and South-East Asia. That could be a big risk.
The Indian economy has recently been notching up some of the highest growth rates in the world. But India’s economic growth is truly a miracle, simply because its economy has followed a completely new path to development, one that has not been followed by any of the late developing economies. As Gurcharan Das, author and former CEO of Procter & Gamble India, puts it, “The Indian growth path is unique. That is really scary because we are not following a proven model.”
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