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Commies vs. Capitalists; Manmohan Singh's economic ambitions could be strangled by the leftists in his governing coalition.
Byline: Jason Overdorf
In a pitch at the New York Stock Exchange in September, Indian Prime Minister Manmohan Singh asked U.S. investors for $150 billion in foreign direct investment. His country desperately needs the money for infrastructure improvements over the next 10 years. While India's recent economic growth has been strong, Singh argued, his country has barely scratched the surface of its potential. An economist credited with helping to launch India on the path of economic reform in 1991, Singh claimed that annual GDP growth over the next five years could average 8 percent a year--up from a 6 percent average over the last decade--if the country stuck with ...
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Source: HighBeam Research, Commies vs. Capitalists; Manmohan Singh's economic ambitions could be...