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May 2007
Excerpt:
"After India initiated comprehensive reforms in 1991, economic growth accelerated. In 2006, India's real GDP grew by 9.2 percent. This research report (1) reviews India's economic reforms; (2) compares India's economy with a peer group of large developing economies in Asia - the People's Republic of China, Indonesia, Malaysia, the Philippines, and Thailand - that compete with India both in export markets and for inward foreign direct investment; and (3) assesses the challenges that India must overcome to sustain rapid economic growth and reduce poverty over the long term. If India meets these challenges, it will become a far more important trade and investment partner for the United States."
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