Recently I read this book where the author talks about taking a look at future investment opportunities in an emerging economic power of the World. Get up to speed on investing in what could well be the greatest opportunity of the 21st century. For those looking for a new place to invest, India describes opportunities and charts a course through them. Offering coverage far deeper than superficial newspaper stories, this comprehensive guide reveals where India stands financially, where its going, and how investors everywhere can go with it.
I found the following review to be very helpful at Amazon.com the author presents a case for investment in India which is not substantiated by the latest 2007 World Bank estimates of actual Indian gross national product(gdp) figures.THe World Bank has recalculated India’s gdp figure and found that India’s gdp is at least 40 % SMALLER than previosly estimated.The figures that the author presents in his first chapter are very inaccurate.Future average Indian gdp growth rates will not come close to the 7%-7.5 % projected.Similarly,it is simply not the case that India’s long run average gdp growth rate since the mid 1990′s is anywhere close to 6.5 %.The author glosses over the fact that India has not yet successfully created the educational, legal,political, and judicial institutions necessary to reduce intolerable uncertainty to a minimum.Until these necessary institutions are created and the laws are enforced, countries like China,India,and Kenya will not attain the balanced economic growth that can be sustained only by the existence of a large and growing,upwardly mobile middle class.
