Jerry A. Webman Quotes

Jerry A. Webman — Economist

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Great growth in India doesn't mean great growth for India companies. It could mean better growth for companies that are trading with India.

It's much easier for a middle class Indian entrepreneur to start up a computer company than it is for an Indian company to build roads and transportation systems suitable for a population that is getting wealthier and demanding more basic services.

So much of what happened to India late last year and early into 2011 is the same story we've seen with other big emerging markets, and that is that investors started to realize that the growth trajectory in India would have to get moderated by tightening policy.

A lot of the state-sponsored growth in India was just too fast. You went from cradle to Nirvana in a short period of time.

After all, as a taxpayer, if I'm acting as the insurer against losses, I should have the right to say what risks the insured can take.