INDIA’S GREATEST OPPORTUNITY
As usual, Shakespeare was right. As he said, “There is a tide in the affairs of men, which taken at the flood, leads to fortune.” Such a tide has now reached India’s shores. If India decides to sail out on this tide, it will achieve great fortune.
One fact is indisputable. No country has as great a gap between its potential and performance as India does. There is now global data that confirms that Indians are among the most naturally competitive animals in the economic realm, if not the most competitive. In the most competitive human laboratory in the world, the US, Indians are the ethnic group with the highest median household income (roughly $100,000). If Indians in India could achieve half the median household income of Indians in the US (say, $50,000), India would have a $20 trillion economy, about the size of the US today.
