Thursday, November 10, 2005

India to consume her way to greatness

Stephen Roach, Chief Economist of Morgan Stanley, is generally a pessimist. In the past he was often warned of trouble for the US and has been less than impressed with the impact of information technology. But he is all for the Indian consumer who he expects to power a more robust economic growth in India and globally. In discussions of India verus China, this is certainly a comparison that has not received much attention before.

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