Many factors seem set to converge that may offer India a chance to play a bigger role in global growth A world in which oil, India’s biggest import, is in free fall while technology services, its most significant export, will increasingly be in demand gives the country a once-in-a-generation opportunity to catch up with countries that lead the global economy.
The caveat: We risk blowing it unless we are prepared to be innovative, sharply focused on a clear plan, and ready to dump ideological baggage.
The example of this century’s rising power tells us why that last bit is most important. China turned around its fortunes in 1978 when Deng Xiaoping began the process of economic reforms, shutting the doors on his predecessor Mao Zedong’s