pshah

India's Strong Growth Should Continue

Bad article and some bad comments too. I am Indian and I know that lacs and crores are used only in India and nowhere else.
FYI: 1 lakh = 100,000 and 1 crore = 100 lakhs = 10million.

Article is obviously a little biased as it ignores significant political inteference in essentials like infrastructure, health care and education that prevent India from achieving its true potential. This has created an unstable business enivornment, especially if the govt collapses in the near future. Plus, you can't compare India to US, EU or Japan to get a proper feel re growth rates.

And India is not a socialist country!! It has tremendous potential but , as everywhere else, there are potholes on its road - literally and figuratively.