State Bank Of India

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The Contradictions Of India's Development - A Personal View

It has been slightly more than two decades since India opened up its economy to the world. During this period, rapid economic growth in areas such as software services and trade has created a lot of wealth. Yet, contradictions abound. Everywhere in India -- even its glitziest hotels and ostentatious shopping malls -- abject poverty is only a stone's throw away, just around the corner if not right outside.