Word: growth
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...conception, delayed in construction and years late on arrival. But none could have predicted that the A380 would fly into the most turbulent economy in the history of aviation. Air France ordered a dozen of the $300 million aircraft in 2000, when the economic forecast called for steady growth. By the time Air France took delivery nine years later, the industry was on its knees and the big-spending investment bankers whose business- and first-class tickets make up the bulk of airline profits had largely evaporated...
Those arriving in New Delhi a day early for the recent World Economic Forum India summit were greeted by a smog so dense, so noxious, that it seeped indoors, giving a brackish smell to hotel lobbies and making one wonder whether India's breakneck economic growth was going to be accompanied by the sort of pollution that made hellholes of old industrial cities such as Pittsburgh and Manchester. By the next day, thankfully, the smog had dispersed, and though that was probably because of a change in the weather, it was easy to believe that it had been blown away...
...headline growth numbers are just the start. It is the sheer ambition of India's government that takes the breath away. At the World Economic Forum meeting, Kamal Nath, the Road Transport and Highways Minister, outlined a 12,500-mile (20,000 km) highway-construction program that will require India to build 121/2 miles (20 km) of new roads a day - and that is only a part of a gobsmacking infrastructure program that will include more power generation, more air- and seaports, more irrigation projects. Singh stressed the importance of nationwide improvement in education and health, which will also involve...
...that simple fact is immeasurably enhancing China's reputation and soft power in the developing world. Brazil and Indonesia are proving that democracies can deliver too. But India's size and the measure of its challenges make it a special case. If India can translate raw figures of economic growth into widely shared prosperity, then it will not just be Indians who benefit. It will be the whole world, as democracy will be shown to be compatible with improvement in human development at a similar scale as China's. (Read "China Vs. India: Will Rivalry Lead...
...Does sending couples off unwittingly with a therapist have real growth potential? Meera Mitra, a New Delhi-based sociologist and corporate trainer, says that divorce tourism is in sync with the Indian ethos. Many Indians consult horoscopes, godmen and astrologers before getting married. "This is just a new actor in the same space," she says...