Subramanian, Arvind and Felman, Josh  <br/><br/>
Is India back? The race between hardware and software 

 - Seminar   
 - 749, Jan, 2022: p.15-19 
<br/><br/> FOR nearly a decade in the new millennium, India was the world’s fastest growing economy, outpacing even China. The venerable American media institution, National Public Radio (NPR) even coined a catchphrase – ‘the world’s fastest growing, free-market, democracy’ – as its way of encapsulating the world’s admiration, even astonishment, as India seemed to vault effortlessly from a nation mired in poverty into a modern high-tech, car owning middle class society. India, it seemed, was poised to be a global player, perhaps eventually a global superpower. – Reproduced