“The claim that India is booming is completely false”

The expectations of India are high: since this year, the country with its 1.4 billion inhabitants has been considered the most populous country in the world. Analysts expect that India will achieve the highest economic growth of the large industrialized and emerging countries for the foreseeable future.

The government in New Delhi hopes that the country will become the world’s third-largest economy within this decade, and corporations like Apple are trying to create an alternative to China with the help of suppliers in India.

But not everything is going smoothly with India’s hoped-for rise: large investment projects in the country regularly fail – most recently the Taiwanese contract manufacturer Foxconn withdrew from a nearly 20 billion dollar chip production project in India – apparently also because the company failed in vain promised economic aid from Delhi was waiting.