India in a post-crisis world

A Frenchman from the environmental business recently encouraged me to think about the global financial crisis as an opportunity rather than a threat to sustainable development. Citing the example of the US, which is likely to be hit very hard and long by the crisis, he pointed out its focus on the creation of green jobs through the promotion of the renewable energy industry and its acceptance of higher vehicular energy efficiency standards driven by the state of California as a driver for national change. He also philosophised about the need to turn on its head the paradigm for development, which he believed strongly would be driven from India - a society that is steeped in historically rich and enlightened value systems.

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