India on fire
India's growth rate is close to China's; but signs of overheating suggest that this pace cannot be sustained
THE economy is sizzling and foreign businessmen and investors are swarming to Bangalore and Mumbai to grab a piece of the action. India's year-on-year growth rate could well hit double figures at some point in 2007, and the country may even grow faster than China for at least one quarter. But things are so hot there is a big problem: India's current pace of expansion may not be sustainable.
This article appeared in the Briefing section of the print edition under the headline “India on fire”
Briefing February 3rd 2007
From the February 3rd 2007 edition
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