Friday, October 05, 2007

India in the view of finance minister P Chidambaram - India will be an economic power

Finance Minister P. Chidambaram: 'India Will Be an Economic Power, and Nothing Will Stop Us' - India Knowledge@Wharton
For the next 20 years, India will be an economic power, and nothing will stop us," Chidambaram stated, after noting that India will be alone among large countries in boasting of a working-age population -- compared to a population of dependents -- that will continue to grow for another generation, until roughly 2040. The resulting gains in jobs, income and investment should guarantee a steady cycle of growth "as long as we don't do anything stupid."