Monday, August 06, 2007

India growth: Another survey

This time it is an Ernst and Young study, (via Indian Express) that has glad tidings (or bad depending on which side you are). India to overtake US, Japan in growth.

"The seven new global powers by 2050 will comprise the so-called BRIC economies (Brazil, Russia, India and China) together with Indonesia, Mexico and Turkey," says the Ernst and Young European Attractiveness Survey 2007.

It will not happen, if we sit on our laurels though

...but whether India can develop its infrastructure at pace with that of global investment remains to be seen, the survey added.

The developing economies will outdo the G7 if it manages to mend the loopholes regarding transparency, fairness and infrastructure development.

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