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India's PotentialAugust, 2003 India's well-educated, English-speaking talent pool gives South Asia a competitive advantage over China and other Asian competitors, a venture capitalist who invests in India told the School's first conference on South Asian economics. "I know China has a way of getting things done. But when you talk about education and a talent base, that takes much longer to create," said Shujaat Khan, managing director of equity investment firm Chrys Capital, a firm that has invested in 13 companies in India since 1999 and saw positive return in the first year. The potential for growth is staggering, but much has to be done to integrate India into the world trading system, said Business School Professor Romain Wacziarg. He cited burdensome business licensing systems, tariffs, quotas, and so-called sanitary measures that keep imports locked up in customs for long periods. Others talked about the need for improved infrastructure so goods can easily move about the country and more marketing and business development. The spring conference, which drew 300 participants, was organized by the School's South Asian Economic Forum, a student club. Related Article |
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