wolfowitz sees India is incredible growth story as a policy model for the world . The country shows continued development in democracy and open society he told media during a visit there giant growth story china. Look closely and you will find significant differences
In china near-double-digit growth has so far mainly been fuelled by high investment expenditure. In india it is more consumption driven. This is not government-sponsored capitalism. In fact the lifestyle of the rising generation may well be geared to more ostentatious living thanks to advertising and the easier availability of consumer credit. As a result the current high saving ratio may go down rather than of up. If that is true then much like The United States India is high growth will need to be sustained by foreign savings or foreign capital inflows