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Tata Motors Limited Message Board

  • great_stox great_stox Nov 2, 2005 11:10 PM Flag

    IS INDIA THE NEW CHINA?

    IS INDIA THE NEW CHINA? So says Morgan Stanley's normally cranky Stephen Roach. "After my third trip there in 18 months, I am as enthusiastic about India as I was about China in the late 1990s," he writes in a new report. "With its foundation of consumer support broadening and deepening, the Indian GDP growth dynamic could now shift toward the upper end of a 7% to 8% range. I have long argued that global rebalancing will not occur as long as the world remains hooked on one consumer´┐Żnamely, the American consumer. Think India if you want a way out of that trap."

    Source: http://www.fortune.com/fortune/streetlife/0,15704,1124706,00.html?promoid=yahoo

 
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