Word: rayed
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Dates: during 1990-1999
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...Ray cited increased U.S. investment in India in the last four years as a reflection of the success of the liberalization program...
According to Ray, U.S. investment in India in 1993 alone equaled the entire investment that the U.S. made in India from its independence in 1947 until...
...Ray said he was concerned that policy-makers not overlook the interests of the 400 million people in India who are in transition between the lower and middle classes. This segment of the population is potentially the most volatile, according to Ray...
...successful reform program is keeping the population informed of the need for economic liberalization, Ray said...
...Ray made deliberate comparisons with China in his speech. He stressed that unlike China, India is a stable democracy, and hence provides a safer climate for investment...