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India's Rising Star.(economic aspects of India)

By Schneider, Andrew C.
Publication: Kiplinger Business Forecasts
Date: Tuesday, June 19 2007

Byline: Andrew C. Schneider

Will India be the next China? The economic numbers make India look as if it is on track to be the next mover and shaker in global markets. The Indian economy -- which the government tracks by fiscal years ending March 31 instead of by calendar years -- posted an impressive 9.4% expansion in 2006-2007 and is on course for 8.2% growth this fiscal year.

China's top-dog status in emerging markets isn't really in danger, though. India's long-term average rate of economic growth is likely to be 7% to 8%, while China's will be on the ord

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