India is likely to be the world’s fastest-growing big economy this year
Can the expansion continue?
THE TRIALS and transformation of India’s economy have an epic quality, reminiscent of 19th-century America. A vast national market is being created, allowing firms to grow from economies of scale. Internal migration is shifting tens of millions of desperately poor people; a brash new consumer class is proliferating and empires are being built on new technologies. Tycoons unleashing vast investments are happy to debate if they are India’s Rockefeller or its Carnegie.
This article appeared in the Briefing section of the print edition under the headline “A new formula”
From the May 14th 2022 edition
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