India's phenomenal economic expansion in recent years has been heralded as an economic miracle by many. The economy has averaged growth of almost 9% over the past three years and the global economic downturn is expected to have little impact. However, Y.V. Reddy, the governor of the Reserve Bank of India, is less triumphal.
"You can be an economic powerhouse but your task is to make sure that people inhabiting the country have a reasonable standard of living," Reddy says. And this is something