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July 13, 2012

India's Frugal Dynamism

Shashi Tharoor, Project Syndicate

AP Photo

India’s sliding economy has inspired gloom and doom far and wide, but increasingly bearish sentiment is misplaced. India still offers hope, but, to understand why, you have to leave macroeconomic indicators aside and go micro. To take one example: Google the phrase “frugal innovation,” and the first 20 search results all relate to India.

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