Jan 26, 2004: India: the new tiger
	'India has so far been acknowledged as a leader in the services industry, but for the past one and a half years it is emerging as a manufacturing hub'. India is now the world's second-largest small car market after Japan......foreign exchange reserves are above $100bn on 19 December, 2003'. This is a long, long way from those dismal days of 1990-91 when the reserves had fallen below $1bn, and the country had to mortgage its gold to borrow. ..... ....... It's not just IT, manufacturing is adding to the nation's feelgood factor. But infrastructure reforms are still essential if the momentum is to be kept up, reports Rupali Mukherjee Has the Indian elephant finally mutated into a tiger? Its potential was never in doubt, but its stately pace has been a source of annoyance for some foreign investors and economists. Over the last few months, however, there has been a recognition of the improvements in India's macroeconomic situation. ..... ....... .......... India: the new tiger http://www.guardian.co.uk/india/story/0,12559,1130458,00.html The Observer - Sunday January 25, 2004