India’s economy on the global playing field
The Indian economy continues to be a bright spot on the globe and some forecasters expect it to grow by seven percent by the end of 2009. The U.S. effects outsourced administrative work from India and call centers in India, but at the same time, some Indian firms acquired European companies in the last decade. Europe’s economic decline is a ripple effect heading east. Vikas Bajaj is a reporter for the New York Times and joins The Takeaway to talk about the effects of the global economic downturn on India before he heads out to Mumbai.
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