India's democracy makes growth strategy predictable: Economist
NEW DELHI: India may soon catch up with China's pace of growth as the world economy shows signs of recovery after a year of downturn with the emerging markets at the forefront of the revival, says noted French economist Guy Sorman .
"The new Indian economic growth, an eight per cent trend, is based on private entrepreneurship, small businesses as much as large companies, on the domestic market as much as in the global market; and on a balance between industry, services and agriculture," Sorman says in his new book, "Economics Does Not Lie: A Defence of Free Markets in a Time of Crisis".
"The new Indian economic growth, an eight per cent trend, is based on private entrepreneurship, small businesses as much as large companies, on the domestic market as much as in the global market; and on a balance between industry, services and agriculture," Sorman says in his new book, "Economics Does Not Lie: A Defence of Free Markets in a Time of Crisis".
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