En route from the G20 meetings in China, India's Finance Minister P. Chidambaram addressed a gathering organized by the Indian Chamber of Commerce in Hong Kong over dinner. Harvard-educated Chidambaram, who is currently serving his second term as the country's finance minister the first was 1996-98, was at his razor sharp best, delivering a short address with panache and dexterously fielding difficult areas and questions with humour and sarcasm.
Chidambaram began by saying that the fact that India is doing well is obvious to any discerning observer but that non-Indians and non-resident Indians often display greater faith in India than those who live there. He also said people shouldn't panic...