"I have the impression that India has never been affected by the crisis,” head of Indian giant Tata Group Ratan Tata said in an interview to French news magazine L’Express this year.
Contrary to most, India has witnessed robust growth during the last few years with its GDP projected to increase to 8.75% in 2010, a figure which is the envy of developed countries.
In comparison, world growth is expected to be 4.1% in 2010 according to the International Monetary Fund (IMF), while the USA would reach 3% and the Euro zone would struggle at just 0.8%.
Only China is supposed to grow faster with a GDP projected at 10% for 2010.
During the last decade, India has slowly but steadily approached the circle of the world’s leading economies. Without breaking into it, it has still become Asia’s third largest economy....