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Lower growth than that would make the public debt harder to bear and scare off the foreign capital that India needs to fund its current-account deficit and pay for its imported energy.
ECONOMIST: India��s economy
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For some months now, the big emerging markets of Brazil, Russia, India and China have been discussing providing more capital to the International Monetary Fund above their current quota in order to bail out Europe.
FORBES: IMF's "Nouveau Rich" Willing To Bail Out Old Europe
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Great New York Times article on Vinod Khosla and his plans to start a venture capital fund to invest in companies that confront poverty in India, Africa and elsewhere by providing services like health, energy and education.
FORBES: Khoslanomics - How Capitalism Can Solve Poverty