BUSINESSWEEK ONLINE : JUNE 26, 2000 ISSUE
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INTERNATIONAL -- ASIAN BUSINESS The Two Faces of India THE GOOD -- The economy is expected to expand by more than 6% for the third straight year -- Exports are up 20% from 1999 -- India's political scene remains stable under the Vajpayee government -- The high-tech sector is booming -- Average import tariffs are falling THE UGLY -- The government deficit has ballooned to 10% of GDP -- Inflation is at 6% and rising -- Foreign investment is falling -- Privatization of state industries has stalled -- Companies remain hobbled by the slow pace of labor, tax, and financial reform DATA: BUSINESS WEEK _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _					RELATED ITEMS India Is Ready for Takeoff (int'l edition) TABLE: The Two Faces of India INTERACT E-Mail to Business Week Online

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