India's Growth Path: Steady But Not Straight; Contentious Internal Political Debates Have Slowed India's Movement Into the Global Economy, But Its Commitment to Democratic Processes Will Serve It Well in the Long Term (Company Overview‪)‬

By almost any reckoning, the Indian economy is booming. This year, Indian officials revised their estimated economic growth for 2006 from 8% to 9.3%. This growth has been sustained over the past several years, effectively doubling India's income every eight to nine years. Since 1991, the year India removed some of the most crippling controls ever imposed on business activities in a non-communist country, it has not only been attracting large amounts of foreign investment, it has also begun luring back many skilled Indians who had chosen to live overseas. It has also lifted millions of Indians out of poverty.