Peter Drucker on India's Growth

Peter Drucker, an eminent American economist, who had predicted in the early fifties how computer technology would one day thoroughly transform business, has said India is becoming a powerhouse very fast.

"The medical school in New Delhi is now perhaps the best in the world. And the technical graduates of the Indian Institute of Information Technology in Bangalore are as good as any in the world. Also India has 150 million people for whom English is their main language. So India is indeed becoming a knowledge centre," said the 94-year-old guru Peter Drucker in an interview to the latest issue of Fortune magazine.