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Asia's Reluctant Tiger

Posted on February 28, 2008 by Meg Kowalik
Topics: Economic Development, Technology and the Internet
Countries: India

The BBC takes a look at the contrast between India's high rate of economic growth and the widespread poverty that continues to plague the country. Though India has become a major global player in information technology, some are worried this high-tech development will only lead to "silicon bubbles" that do little to improve conditions for the Indian poor. Anand Mahindra, managing director of one of India's largest conglomerates, disagrees:

"The IT sector was a kicker to growth," he says. "Its impact was psychological. It signalled to the world that India was much more than its old historical stereotypes. It suddenly in an exaggerated manner, if you ask me, made the world think that every Indian was smart and could fix their computers. But that helped entrepreneurs in India from all industry segments, because it gave them a more receptive environment in which to do business."

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