I really hadn't asked myself how things were going economically in India for a while. It is surprising given the global recession, then, to learn that India apparently exists on another globe:
Among the reforms suggested was the reform of subsidies for fuel, food and fertiliser, a privatisation programme and investment in infrastructure. Some analysts predict that the Congress Party's decisive election victory could speed up the economic reform programme. The previous government's power-sharing arrangement meant there was political opposition to calls for reform from the finance ministry. The Indian economy grew 6.7% in the year to the end of March 2009 but had grown by an average of 8.8% in the previous five years.
Holy moley. What do they sell and who are they selling it to? Apparently output is up though exports, 15% of GPD, are down. Coal production is to increase and potash demand is strong. The country’s current account swung into surplus in the three months ended March 31 for the first time in two years. Even their cricket players are trying to break into major league baseball.
I don't even know what I buy from India. I may not have a problem with that in a few years.

Comments
Mike C - July 3, 2009 9:40 AM
I think I'd read that the Indian economy is much more domestic-focused, so they if they had exports collapsing like other countries, it made up less of a share of their economy.
Started watching "The Jewel In The Crown" last nite! Had seen most of it before, but I don't think all. Good old library.