Exclusive Interview on Indian Economy at India Brand Equity Foundation (WWW.IBEF.ORG)
Gurcharan Das has been widely acclaimed for his views on the potential of India’s economy and the values of its people, which are aptly reflected in his bestsellers like Elephant Paradigm, India Unbound and The Difficulty of Being Good: On the subtle art of dharma. He is a regular columnist in leading newspapers and also writes periodically for renowned international publications like the Wall Street Journal, Financial Times, Foreign Affairs and Newsweek. In this exclusive interaction with IBEF, he highlights the unique characteristics of the Indian economy and why India’s long term success is inevitable.
- Investor perspective on India - When your savings rate is above 30 per cent, it means that you will go back very quickly to an 8 per cent rate of growth.
- India’s unique growth trajectory - Over a 100 multinationals today have got R&D bases in India and they are taking advantage of the Indian scientists and knowledge workers.
- India’s role in a post-crisis world - In a decade, once we go back to the 7-8 per cent growth rate, the middle class will be around 50 per cent of the total population.
- Future of India's bottom up growth story - India has created around 25 globally competitive companies and another 25 companies are very close to that.
- Is India’s success inevitable? - The per capita income is around US$ 1500-1600. This will double every decade.