India: democracy, bureaucracy and growth

Untitled Document

At the Institute of Scrap Recycling Industries’ 2005 Convention and Exposition in New Orleans last month, Vikram Kochar of US-based Universal Metals Inc attempted to answer the question: ‘India: the next China?’ His conclusions were that China is on a level of its own and that India ‘can follow China but not overtake it’. Through the eyes of leading recycling experts, Recycling International looks at the India of today and at its prospects.

The second most populous nation on this planet, India is setting itself growth targets which, if realised, will have a major impact on raw material consumption. The country has been achieving average GDP growth of approaching 6% since 1990 and is aiming to catch up after years of under-investment in its infrastructure.

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