I think India is no China. A global meltdown is bound to impact on India's growth story, so we need to watch how the global ecomomy, especially the US economy is going to fare in the coming months. A lot depends on whether there is hope of the american economy turning around. America is after all the big daddy of them all. aleknarayne
RE:Global economy
by Paritosh Gupta on Jan 21, 2008 08:11 PM Permalink
Thankfully India is no China, coz the Exports as % of GDP for China is much great than 40% (Asia ex-Japan average), whereas that for India is 17%. Thus, we're much more insulated from a US/global recession than China.
