My simple and single answer to all of the above questions is that the India growth story is still credible. If the East Asians are the tigers, and China the dragon, India is commonly “the elephant” – a strong animal with enormous potential but given to a lumbering pace.
For a world that once believed that an elephant does not have any animal spirit, our march up the high growth trajectory proved that an elephant too can dance. But the elephant dance got interrupted by the “zoo party” of the global financial crisis, and to get it back on course, we need to rejig the dance. 8.