Hans F. Bellstedt: As a modern and economically booming city, Bangalore stands for the upside of globalization and offers a possible foretaste of what India will be like in the future. Yet Bangalore’s success story is still an exception in a country that suffers from deep-set structural problems.
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Globalization has come full circle, says Deutsche Welle. 10 years ago, Germany set the tone of its economic relationship with India. German companies outsourced parts of their production to India and attempted to lure Indian IT-Specialists into the country. Now, Indian companies are opening up subsidiaries in Germany, employing Germans, and an Indian steel giant is making bids to buy its
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