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...says. Indian stocks rallied dramatically late last week, but for U.S. investors eyeing this mayhem from afar, the Indian market looks as risky as it is tempting. With stock prices down, is this the moment to invest on the cheap in what many believe will be the world's fastest-growing economy over the next 50 years...
...pulse of India beats fastest in megacities like Bombay. But to understand how quickly the economic boom is creating a new country, you have to visit places that few foreigners have heard of--places like Mangalore. Back in 1991, when I left, about 300,000 people lived there. Since then its population has doubled. But that doesn't begin to describe its transformation. A decade of rapid growth has produced shopping centers and high-rise apartments--and most of the construction has taken place in the past five years. Old houses have been uprooted, replaced by bars and restaurants...
...past decade has seen extraordinary change--and extraordinary excess--in Mangalore. The fastest-growing industry is education. During the 1980s, higher education became the only way out of a broken system for many frustrated young Indians. The best doctors and computer engineers had a fighting chance of nabbing a lucrative job offer from Silicon Valley or Manhattan. So boys and girls throughout India streamed into colleges and institutes, where they studied calculus and organic chemistry with a passion that was probably unrivaled anywhere in the world. In recent years, the trend has accelerated. Mangalore had one medical college when...
...sugar-free. By 2004, 180 million Americans were buying sugar-free products, according to a national survey by the Calorie Control Council, up from 109 million in 1991. A 2005 report by ACNielsen found that while the low-carb craze was fading, low-sugar packaged items represented the second-fastest-growing segment (behind organics) in the good-for-you product industry...
...with a victory that helped propel the Harvard women’s track and field team to a fourth-place finish at the meet. In 2003, she won the event as a freshman, and this year, she beat out two runners from Cornell. Her qualifying time had been the fastest in the event, and her 8.85 in the finals proved as good. The two Big Red runners on her heels finished with times of 8.86 and 8.87, respectively. With the points from her victory, the Crimson finished fourth at the Ivy Championship meet with 60 points as a team...