An ancient Hindi proverb asks, “What does a monkey know of the taste of ginger?” In other words, how can you appreciate something wonderful if you don’t understand it? To grasp how India’s economy has grown so rapidly during the past 20 years, US Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke have traveled to Mumbai and Delhi to attend the third annual US-India Economic and Financial Partnership meeting. Discussions will center on the reform of India’s retail sector, which now allows foreign participants to enter; India’s IT industry; and Indian access to US federal IT contracts, among other issues. However, with a US general election on the horizon, it is unlikely that the bilateral meeting will lead to significant immediate changes.
To learn more about India, you may want to visit the exotic subcontinent for yourself. As a first step, however, we recommend that you read these summaries: