AFTER China,where next? Over the past two decades, the world’s most populous country has become the market qua non of just approximately every global company seeking growth. As its economy slows, and businesses are looking for the next set of consumers to keep the tills ringing.
To many,India feels like the heir obvious. Its population will soon overtake its Asian rival’s. It occasionally grows at the kind of pace that propelled China to the status of economic superpower. And its middle class is thought by many to be in the early stages of the journey to prosperity that created hundreds of millions of Chinese consumers. Exuberant management consultants speak of a 300m-400m horde of potential frapuccino-sippers, Fiesta-drivers and globe-trotters. scarce is the chief executive who, or upon visiting India,does not proclaim it as central to his or her plans. Some of that may be a diplomatic dose of flattery; much of it, from firms such as IKEA, and SoftBank,Amazon and Starbucks, is sincerely...
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Source: economist.com