There is a little-noticed phenomenon in the world economy that helps explain why Mexican business tycoon Carlos Slim — the world’s richest man after Bill Gates — reportedly made a quiet visit to India last month: for the first time in recent memory, India will grow more than China this year.
According to the International Monetary Fund, India’s economy will grow by 7.5 percent this year, while China’s will expand by 6.8 percent. Many economists expect this trend to continue over the next few years…
…Evan Ellis, a professor at the U.S. Army War College Strategic Studies Institute, says in an article at the www.LatinAmericaGoesGlobal.org website that in addition to having more English-speaking personnel, Indian companies are less dependent from their government and more used to doing business with Western firms.
“Indian companies have inherent advantages over their Chinese counterparts in operating in Latin America. They are used to pursuing business in a complex democracy with a mature civil society,” Ellis says….
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