CONCLUSIONS

Though there are some clear parallels between China and India, there are also some clear differences. India’s current economic growth is strong but not quite as high as China’s. Nor has India yet shown that consistent growth can be maintained year after year for a long period. The freer political situation in India carries a risk that, if circumstances in the political arena change, some of the government policies that are currently helping to encourage investment could change on a short time-scale. But over the next few years the prospects for cable demand in areas related to infrastructure development, especially power cables and fibre optic cables, look good, as India will not be able to achieve reasonably high economic growth without continuing investment.