Friday, February 09, 2007

Overheating in India?

With breakneck growth, an outsourcing industry that leads the world and hundreds of millions of consumers demanding more class and comfort, India has an economy many countries would envy.

But now, after three years of near double-digit growth, signs of a potentially dangerous inflationary spiral are beginning to emerge. Prime Minister Manmohan Singh and his closest economic advisors gathered just last weekend over fears that India’s extraordinary economic expansion was starting to overheat, an issue they labeled as a “key short-term priority.”

From India Finds Its Economy on the Verge of Overheating in today's NYTimes.

1 Comments:

At 2/14/2007 3:33 PM, Anonymous d.c.stimac said...

Impressive facts about India’s current transportation status: Tata Motors is India's largest automobile manufacturer. Information from tatamotors.com Released on : 2nd January, 2007 states: Total vehicle sales at 48, 792 nos., up 37%, Exports up 7%.

 

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