India and the global economy: vast potential but also difficult challenges. From: Business Economics | Date: January 1, 2006| Author: Wilson, Beth Anne; Keim, Geoffrey N. | COPYRIGHT 2006 The National Association for Business Economists. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

India's booming knowledge-based sectors demonstrate the power of globalization to transform developing economies. For India, however, these industries are just part of its contribution to the global economy. For a more nuanced picture of India's international economic position, this paper places India in international and historical context, examines its links to the world through trade, labor, and capital, and outlines some critical challenges facing the country. What emerges is a...

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