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Its galloping GDP growth, 8.8% in both 2003 and 2004, was largely due to high soyabean prices and the use of capacity left idle by the economic collapse in 2001 and 2002.
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With a GDP galloping at 7% or more a year, India now imports 70% of the 2.5 million barrels it soaks up every day; 520,000 barrels come from government-owned Oil & Natural Gas Corp. ONGC gets most of its output from a field discovered in 1974 and in decline since 1991.
As its GDP galloped along at 9% or 10%, the People's Bank of China recently raised interest rates to calm inflationary fears; a jolting pullback in consumer spending could hurt LVMH.
As the population ages and health-care costs gallop ahead, mandatory spending will grow relentlessly, to 14% of GDP by 2021 (see chart) and much more thereafter.
The second thing it does not do is tackle India's most serious structural problem: its galloping budget deficit, now tipped to run as high as 11% of GDP, one of the highest figures for any major economy in the world.
Her heart was galloping.
Nominal GDP.
Italian GDP.
Demand is galloping in China and India.
She's galloping sideways.
Both galloping bisexuals".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com