India needs to be liberated both from the 'high GDP growth hedgehogs' and the 'conservation at all costs hedgehogs.'
Sentiment: NEGATIVE
Fortunately for India, it has got a growing economy. If it is doing the right things with taxation and focusing on the right areas for human development, it is going to have no problem, over a period of time, taking care of its own needs.
The world wants India to remain an import-based economy. Then India can be a dumping ground where gold can be dumped and other commodities such as oil and gas. They look at India as a huge market.
Over two billion people in China and India need commodities to grow their economies and improve their living standards.
By 2020, 50 percent of imports should be reduced, which should become 75 percent by 2025. By 2030, India should be energy independent.
India's great economic boom, the arrival of the Internet and outsourcing, have broken the wall between provincial India and the world.
India has large proven reserves of gas that remain unexploited.
India has to be transformed into a developed nation, a prosperous nation and a healthy nation, with a value system.
In the 1980s, we were advised, why don't you follow Reaganomics or Thatcherite economics. We said, yes, there are good points, let's see how we can fit them in the Indian economy. Every country has its own way of moving forward.
China and India will, separately and together, unleash an explosion of demand.
India does not need to become anything else. India must become only India. This is a country that once upon a time was called the golden bird.