Sure India and China did'nt feel the impact of the global recession as did the US and the rest of the developed economy. Economists have been touting this as the decoupling effect. India's economic fortunes have been decoupled from those of the US.
But what this really indicates is that India and China to a lesser extent are less connected internationally and far less developed than their western counterparts. They dont have the same e degree of sophistication that the international economies have. They also wont benefit to the same degree by an expansion in the US market.
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