Wednesday, June 29, 2005

Indian Economy


In the long run, India will overtake China in economic growth owing to home-grown entrepreneurship, stronger infrastructure to support private enterprise and companies which compete internationally with global firms, a media report has claimed.

"The real issue is not where China and India are today but where they will be tomorrow. The answer will be determined in large measure by how well both countries utilize their resources, and on this score, India is doing a superior job," the duo said in the report published in 'FP', a magazine published by the Carnegie Endowment.

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