The 2008 financial crisis, which started in the US and led Europe into fiscal tur-moil, is now causing emerging countries to experience economic slowdown. A good example would be India's growth rate, which was estimated at about 5% for 2012, the lowest in 9 years. Even so, emerging powerhouses...

In addition, the projections of the nominal GDP per capita revealed that the figures for Maharashtra and Gujarat will be similar to that of Mexico, while Tamil Nadu, Kerala, and Haryana will be on par with the Republic of South Africa by 2026. Based on the analysis of the growth patterns of...