Excerpt from the B&P Briefing Friday, February 20, Where to Find Fast Growth in a Slow-Growth World, in which Chris Hunter spoke with one of Bill’s contacts in India, Vivek Kaul:
“Vivek told me that there are three bullish factors for India that most in the foreign press have missed.
First, there’s what Vivek calls the “contrast effect” with India’s previous government, led by Manmohan Singh. As Vivek told me, “What people saw during the last regime… in comparison to that, anything would be better. And that impact is very strong.”
Second, the IMF has projected that India will grow faster than China by 2016 – at 6.5% a year versus 6.3% a year for China. That’s got a lot of folks excited.
And third, India has reformed the way it calculates its GDP to be more in line with international standards. And this has boosted the country’s GDP projections.”
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