I sat next to a gents from India who lived in the US for a few years and then moved back to India. He bought distressed Indian companies and turned them around.
Of course, I was interested in cracking the Indian analysis marketplace and one question I asked was if the growth we hear in the financial press is for real. His answer was a fantastic analogy.
If you give an undernourished child food, he will grow very quickly. India has been, for the lack of a better and less disparaging term – backward for years. The new injections of capital, brainpower and opportunity are sparking zooming growth because when you start low the percentages are huge.
