Straight from the Specialists
(The views expressed in this column are the author’s own and do not represent those of Reuters)
Whenever I pick up a newspaper or a magazine — especially The Economist — I keep reading pieces about what’s wrong with India. Corruption is rampant, the infrastructure, what there is of it, is falling to bits, the government is senile and feeble and the economy is flagging — and so on. All of which may be true — but it rather depends on your perspective.
I live in Europe. Well, I live in Britain. That’s not quite right either. I live in London. And I can tell you that the perspective on India from Europe or Britain, or even London, doesn’t look all that bad. In fact, from where I’m standing, it looks quite good.
Look at us.
The Euro? Don’t ask. Indebtedness? Everywhere. Growth? Forget it. It’s negative. In other words, we’re going backwards. Corruption and incompetence? Look at the banking sector. Morale? Dreadful. Leadership? There isn’t any. Yes, I’m talking about Europe, the world’s biggest and richest trading area — still.