India loses out to Armenia in number of super-growth companies

Armenian Breaking News, Hyelog, Armenia and a number of other Armenian blogs report about Armenia’s unexpectedly high position on this year’s Super Growth Index by the Grant Thornton International. Hyelog reports:

The real surprise in the global picture was Armenia, a newcomer to the survey, with 38% of businesses achieving super growth. Armenia knocked India from a second place [after USA] ranking in 2006 to a ranking of 15th (15%) in 2007. In an equally surprising result, Hong Kong (18% super growth companies) dropped from 3rd place to 11th.

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