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India's Innovation Blueprint by George Eby Mathew

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4

Enviable growth

Full freedom to dream the way you like came in 1991, not 1947.– P. V. Narasimha Rao

So what is India like today? India is one of the top four economies in the world. Growing at over 6 per cent annually, India is the second fastest growing free market economy in the world (second only to China), the largest democracy and is the third largest base for scientific and technical manpower. It has the potential to become the world’s largest economy and grow faster than China. To put this into perspective, even now, China and India together comprise barely one-third of the United States in terms of GDP. At high growth rates their journeys over the next 40–50 years will be fascinating, full of opportunities and pitfalls. India’s engine ...

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