[.uk] India: An Investors Guide to the Next Economic Superpower (ISBN 0470821949)

Great book:
I have been looking for an opportunity to invest in India and I found the book very helpful. The book helps to seperate fact from fiction and dispel a lot of myths about the Indian market. The author has a thorough understanding of the context within which the Indian market operates which makes the reading both interesting and informative.

2.5 stars-An overly enthusiastic evaluation of Inda's economic performance since the reforms of 1991-92:
The author presents a case for investment in India which is not substantiated by the latest 2007 World Bank estimates of actual Indian gross national product(gdp) figures.THe World Bank has recalculated India's gdp figure and found that India's gdp is at least 40 % SMALLER than previosly estimated.The figures that the author presents in his first chapter are very inaccurate.Future average Indian gdp growth rates will not come close to the 7%-7.5 % projected.Similarly,it is simply not the case that India's long run average gdp growth rate since the mid 1990's is anywhere close to 6.5 %.The author glosses over the fact that India has not yet successfully created the educational, legal,political, and judicial institutions necessary to reduce intolerable uncertainty to a minimum.Until these necessary institutions are created and the laws are enforced, countries like China,India,and Kenya will not attain the balanced economic growth that can be sustained only by the existence of a large and growing,upwardly mobile middle class.