The Boston Globe, December 2nd, 1996
BANGALORE - In the early 1960s, V.S. Naipaul wrote in his classic work on India, "An Area of Darkness," that India was "the poorest country in the world." There are indeed areas of grinding poverty and degradation in India. But today, 30 years later, India's poverty is no longer its salient characteristic. What is new about India, especially since it began to open up its rigid, overly socialist and protectionist economy to imports and foreign investment in 1991, is that the country is rapidly developing into a consumer society with a vast market of opportunity for the United States. At 950 mil...
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