NYTimes August 31, 2011
MUMBAI, India — It seems to be a national obsession in India: measuring the country’s economic development against China’s yardstick.
At a recent panel discussion to commemorate the 20th anniversary of India’s dismantling parts of its socialist economy, a government minister told business leaders to keep their eye on the big prize: growing faster than China.
“That’s not impossible,” said the minister, Palaniappan Chidambaram, who oversees national security and previously was finance minister. “People are beginning to talk about outpacing China.”
MUMBAI, India — It seems to be a national obsession in India: measuring the country’s economic development against China’s yardstick.
At a recent panel discussion to commemorate the 20th anniversary of India’s dismantling parts of its socialist economy, a government minister told business leaders to keep their eye on the big prize: growing faster than China.
“That’s not impossible,” said the minister, Palaniappan Chidambaram, who oversees national security and previously was finance minister. “People are beginning to talk about outpacing China.”
