Global Conference 2011
India: The Tiger Economy Is Roaring
Wednesday, May 4, 2011 / 8:00 am - 9:15 am
India's economy has been dubbed a tiger for good reason: It grew roughly 8.5 percent in the past year, up from 6.7 percent in 2009 and approaching the 9 percent growth India experienced each of the four years before that. But high inflation and fiscal and current account deficits could still put the brakes on progress. Food inflation, in particular, has dogged India for several months, exceeding 17 percent in January. Can the government's policy moves keep the country on its current path to prosperity? What can India do about other major hurdles to growth, such as a shortage of reliable power, congested road and rail networks, and persistent corruption? Can the nation's bureaucracy encourage more innovation and entrepreneurship? Will current growth patterns be enough to lift millions more out of poverty? Is India a short- or long-term investment?
Senior Fellow, Milken Institute; Group Managing Director and Chief Global Strategist, TCW Group Inc.