Tuesday 2 December 08 - 19:46
 

Area Survey India

Belle of the ball

India offers great potential for investors but are ports still waiting for their Prince to come as delays dog privatisation efforts? S.N. Srikanth investigates

The elephant is learning to dance. It's awkward, it's clumsy and it's slow, but world take note: India is on the move. After decades of sluggish economic performance that never quite seemed representative of its potential, India today is clocking a gross domestic product growth of well over 8% a year. Restraints on foreign trade are being steadily relaxed and privatisation of stateowned enterprises is very much in.

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