In the coming decades, China and India will disrupt workforces, industries, companies and markets in ways that we can barely begin to imagine … How these Asian giants integrate with the rest of the world will largely shape the twenty-first century global economy (Business Week 2005:38).

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As the Davos program illustrates, India, long overshadowed by China … is the country of the moment. Signs abound of an India surging with self-confidence … At the root of this change is a reappraisal of the country's economic potential. This has been brought on by a jump in the trend growth rate to 7–8%, double the “Hindu rate of growth.”… As the balance of power in the global economy shifts towards Asia, such turbocharged growth rates promise to shorten the time-frame in which India rises up the ranks of the world economic powers (Financial Times...

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