India’s Scorching Economic Growth – Forecast 2007 & Beyond
In the recent days, I’m pretty much disappointed with what economists forecast for India. I’m not rather disappointed at Indian growth, rather, I’m disappointed at the skills of the economists
. I dont know whether they understand the whole picture and take all the information into account of what is happening to India. The other day, I found an economist’s article totally questioning the India’s growth statistics just on the premise that the growth of services is unusual for a growing economy, and he just had the east asian economies in mind, when saying that. I also read a gazillion articles of why people should invest in China, and why India is overheating, India will be affected by slow downs, India is just call-center centric, blah blah blah. Let me get around to my own understanding of what is happening. Read the rest of this entry »