That these eminent professors tell us Two things

The redemption of the Chinese leader in pressure cookers by the SEB company shows that it is finally beginning to accept the emergence of the Chinese locomotive and offensive strategies to take advantage of the positive sum game that is any economic growth of our partners. It remains, of course, to demonstrate the same offensive spirit in terms of employment very affected by the redistribution of industrial maps in the world since the beginning of the 1980s. But, this should stop having a purely accounting approach and stop believing that a job in a country emerging employment less home. A job created in our neighbor, it is extra income generated, and therefore, potentially, more employment with us. But the equation works, must also understand that the offer as global demand change, and therefore must look far forward to understand the new edges, adapt and take advantage.

In this area, can concern the main lessons of the last report of the economic advisors of Indian Prime Minister fail, once more, to Paris. That these eminent professors tell us Two things. First, that, with non-farm close to growth of 10 per year for three years and population size that catches up with the Chinese population, the India moved well now as a second locomotive world, after China. Then, that the two countries follow many different terms for development: many more services in India, a manufactured sector less focused on mass production and export, and especially a diametrically opposite micro-economic environment. It is characterized by a great strength of the thousands of Indians, often of medium-sized family groups who demonstrate extraordinary expertise in management and marketing. Hence the Indian miracle: do almost as well as the China with ten times less foreign investment (5.7 billion last year, against 54 in China) and the rate of domestic investment of 28 of GDP, compared to 40 in China, i.e. roughly much less physical to capital turn the machine and much more human capital.

Of course, the French have the Indian human capital two rather bitter memories: the dismantling of the aircraft carrier "clemenceau" in the shipyards of Alang which gave rise to the coclass parts of arm of diplomatic railway in recent years to a few weeks of the visit to India of our President of the Republic. And, yet, a few weeks later, we learn that the former jewel of the French Navy, the "France", will be properly disarmed by the same workers in bare feet, indeed, from our point of view, more worthy of the other century working conditions. The reason is all simply that there are hundreds of ships identical to disarm in the world and that the India became one of the few places to do so at a reasonable cost. This does not mean that it should be allowed float freely asbestos, but it will take well to agree with the India on the environmental conditions of this type of international exchange.

At the other extreme, then the sad case Mittal-Arcelor. This time, the feet are wearing by the fairy tale Cinderella. The father left not much, but the name of the young son says much about the philosophy of these lines of Indian Affairs: Lakshmi, the goddess of prosperity, that are celebrated each new year is Indian during the celebration of Divali. But his brother did not need such first name to become the leader in a few years in Indian mobile phones (Bharti), a sector which comes from beyond the bar of the 5 million new subscribers in July, 18 million these last four months and a stock of 110 million subscribers today! Another face of this managerial Indian, Indra Nooyi, will take 50 years, the head of the giant PepsiCo and thus become the eleventh woman to lead one of the 500 largest American groups. The India has been the year latter at the Salon du Bourget the first customer of our aviation industry, and in particular Vijay Mallya. The King of beer Kingfisher (UB group), which hovers over more than half of a market of 1.1 billion people, launched less than two years ago its own "low cost" airline of the same name. Great competitor already our national Pernod Ricard, he had, in the last winter, purchased for the Taittinger champagne $ 600 million, before that it hinders his zeal in the national interest, but for how long

The same report of advisers to the Prime Minister of India brings rather two good news. The first is that the force of Indian growth is essentially internal order and including consumption-led. As what may be an emerging economy and do not behave as the ants Chinese. The second concerns the significant challenges of the India, and most particularly agriculture. While two thirds of its population live in rural areas, there for ten years a stagnation of most agricultural products. Hence the need to introduce rapidly new technologies, to the major irrigation works to expand access to rural credit, but primarily to redirect the whole of agriculture towards production to higher value added in a context of increasing international opening. This is another good news for our agri-food sector, for example.