The economic transformation of India is one of the great business stories of our time. As stifl
government regulations have been lifted, entrepreneurship has flourished, and the country h
become a high-powered center for information technology and pharmaceuticals. Indian comp
like Infosys and Wipro are powerful global players, while Western firms like G.E. and I.B.M.no
major research facilities in India employing thousands. India's seemingly endless flow of youn
motivated engineers, scientists, and managers offering developed-world skills at developing-w
wages is held to be putting American jobs at risk, and the country is frequently heralded as "th
economic superpower."
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