A Growing India Is Good for America

From a Wall Street Journal column by David Milpass headlined “A Growing India Is Good for the U.S.”:

When India’s Prime Minister Narendra Modi visits the U.S. this week, Americans should pay careful attention to his vision for 8% growth. Both countries would benefit greatly from faster growth.

India has entered the 25-year period leading to the 100th anniversary of its independence with a growth plan. Called Amrit Kaal, which roughly translates to “Golden Era,” it is Mr. Modi’s rallying cry and blueprint for India to reach 8% growth and a much higher median income. Faster growth in India would help the U.S. by allowing new opportunities for trade and investment, less dependence on China, and better balance for the bipolar world economy.