CHAPTER 5

Epilogue: India in Transition

India is a country in transition. The most widely noticed metamorphosis is economic. Reuters reported in 2012 that over the last 10 years, India’s GDP has grown at an average of 7–9% per year, second only to China. Just this year, Forbes counted 57 Indian billionaires, up from only four a decade ago. “The same period saw Indian corporations vaulting onto the international stage. Tata Motors shocked the automobile industry with the acquisition of British Jaguar Land Rover business in 2008. India’s famed BPO industry has expanded beyond call centers and software development to medicine, law, tax preparation, animation, and even music video production. And, several IT giants have turned the tables on offshoring: ...

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