ABSTRACT
India has never significantly caught the imagination of American business. India’s government has embarked on an ambitious economic reform program designed to stimulate modernization and growth—in effect, to transform India from a lumbering economic elephant to a sleek tiger. The crucial question remains whether there is a national consensus that India should take this new path or continue on a more autarkic, socialist road. India’s experience of living under and throwing off British colonial rule has left it saddled with some historical baggage antithetic to free markets, international trade, and the current thrust in favor of economic reform. India has been long known for the highly skilled and educated professionals that are the product of its universities and secondary schools. The weakness of India’s educational system lies in a lack of breadth rather than depth. The lack of technological openness is reflected in most of the public enterprises that dominate many industrial and service sectors.
