But I couldn’t help but notice this:
“It is no longer news that the world economy performed very well in 2004, with possibly the highest rate of expansion in nearly 30 years. The impressive growth of such countries as the United States and China is well-known.”
He goes on to talk about the “undue dependence of global growth on US and China” and he even mentions Europe and Japan.
Why would he not even mention India in his entire speech, when we had chalked up a GDP growth rate of 4.6% in 2004, while US GDP growth rate was 2.9%. And its not just in 2004. In 2002 and 2003, India’s GDP growth rates were 5 and 8% respectively while US was 2% and 3%.