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Tuesday, March 3, 2009

The Indian Economy is different

The Indian economic engine is distinctly different from economies of the past and the present. This is not so by design. It is largely circumstantial. Despite laboring under the heavily clad vest of bureaucracy, the pace of growth continues to be robust. Yes. It is not racing like the Chinese hare or floundering like an African snail. The tortoise goes at its own pace. It draws itself into a shell and shields itself at times of danger. When the danger passes, its head and legs emerge out of the shell, to restart the journey. A tardy pace of economic progress is the price the tortoise has to pay for carrying the weight of the shell.


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