Awakening the sleeping tiger

INDIA missed the high-speed growth train from 1960 to 1980 that carried Japan and the Asian Tigers to the rich-country club.

Even compared to China and other developing countries in Asia, India's economic performance, until the 2000s, has been a disappointment.

However, growth experienced in early 2000s suggests that the Indian economy is capable of delivering admirable growth rates on a sustainable basis when the right policy mix is adopted.