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Sunday, March 11, 2007 12:58:51 PM
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Indian Economy - A World Power In The Making
Boom time:
Everywhere you turn in India's cities are signs of economic boom...New cars choking the streets, middle-class housing and shopping malls swallowing up farmland, airports chock-a-block with travellers...India could overtake Britain and have the world's fifth largest economy within a decade as the country's growth accelerates, a new report says.
There will be a heavy cost as India demands more and more energy.
If trends continue, India's economy may then surpass the US and be second only to China's by mid-century, the report by investment bank Goldman Sachs says...Within 15 years Indians should, on average, be four times richer than today, buying five times as many cars, and the country will burn three times as much crude oil to power its growth, putting yet more strain on the world's resources.
Article - Indian economy 'to overtake UK'
By: Damian Grammaticas
http://news.bbc.co.uk/2/hi/south_asia/6294409.stm
Related Article:
http://news.bbc.co.uk/2/hi/business/6288247.stm
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