India Approch to most appealing growth vs globally world

New Delhi, 24 September Promising demographics, freedom of expression and respect for the rights of an investor to make India one of the most attractive growth areas, says a leading U.S. B-school director of guidance at the same time, the state must "truly" integrated into the global economy - despite the risk - for to be world leaders. "India is one of the most attractive places in the world. The reasons for this is the geo-political setting, and respect for the rights of investors," Robert F. Bruner, Dean of the Darden Graduate School of Business Administration University of Virginia, told IANS in an interview. 

In a powerful and big emerging economies, which have the potential to stimulate growth in the rest of the world, India 'is one of the bright spots in the global scene, "said Bruner, who is the author of the groundbreaking work in mergers and acquisitions, and the U.S. stock market crash 1907.India 's growth during the 2010-11 financial year on 31 March was 8.5 percent.Noting that India is one of the few economies that are "growing rapidly, and was a versatile foundation for economic growth, he said:" This is one of the most promising demographics of any major country in the world. This means that sustainable growth is probably a century later. "" And then there is freedom of speech, respect for the rights of landowners and the rule of law, not to mention a few, "Darden said that Forbes has ranked the ninth in the list of top U.S. B-schools. 

Bruner, who joined Darden in 1982, he became dean of the 2005th It was his seventh visit to India, which boasts a vibrant alumni association of B-school. Underlines the need for more globalization, did Bruner does not agree with checks and balances in place, despite the liberalization process that started in India in 1991 was responsible for the remaining immune to the East Asian meltdown of the mid-1990s and the new and relatively untouched of the global collapse of the 2008th "You can build a wall across the country, which excludes the impact of foreign effects, panic and crash, and there are always elements in society, who used it. Certainly, we in the U.S., there are in Germany and Japan, but it comes at a price, "Bruner maintained. He listed the cost as a very slow transfer of technology, best practices, and even in the capital. 

"The question that India must ask itself is not able to balance the benefits of greater openness to the potential costs and risks?" To say that it is "possible," Bruner said. "In fact, my protector in India that India will not get the role as a true world leader, with its size and its dynamics could give it, if it becomes a truly integrated global economy" "If that happens, India is prone to periodic panic and crash, market disruptions and cancellations," he added. What would you most benefit from globalization? I have looked at capital flows to and from India: they are reinforced and become extreme in the last five years. It's just an expression means to be a little more integrated global economy, "Bruner said. 

Recognizing that there is "no perfect system" in the world, he added: ".. You have a choice really good or not so good Given the enormous welfare consequences for millions of people in India would mean to place your bets integration in world economy "Speaking of the global economy in the context of the Indian experience, says Bruner, advanced economies" are struggling to even grow at all. " "Japan is still contracting, is on the brink of either success or the potential collapse of the EU, the U.S. continues to fight for the relatively high unemployment and a stubborn reluctance of companies to invest," he said.