India's Phenomenal Economic Growth

This last week the Economist magazine's cover depicted a racing tiger with the headline: "How India's growth will outpace China's". The article says: "Despite the headlines, India is doing rather well. Its economy is expected to expand by 8.5% this year. It has a long way to go before it is as rich as China—the Chinese economy is four times bigger—but its growth rate could overtake China’s by 2013, if not before. Some economists think India will grow faster than any other large country over the next 25 years. Rapid growth in a country of 1.2 billion people is exciting, to put it mildly."