Back in the city after visiting my parents in D.C. On the train ride back I read a recent Financial Times survey on India. Takeaway points:
My general impression is that India is getting hot but not explosive like China. It seems like expat Indians and Indians trained abroad are driving growth. Western companies only target very specific sectors of the economy (i.e. IT and some clinical drug testing). However a small article in the survey profiled Indiagames, a cellphone game maker that has tied up with a Chinese cellphone content provider, Tom Online, illustrates that some Indian companies are moving beyond the “India Story” (i.e. low-cost outsourcing) and concentrating on being world class players.