hey rcman-this is the latest bs post from CP,which could end up saving you heaps,not to mention your devoted followers,and it costs nothing.
sure,india are in exactly the same position now as china was before the boom,but that's where the similarities stop.ok,the wages are lower in india now than china,but that doesn't necessarily translate into another "chinese" growth phenomenon.basically,india are still a very "third world"country,and just having heaps of bodies wanting a better life ,will result in nothing.then again,i can understand holders getting sucked in ,drawn in by the same parallels before china took off.that's the sad part,chinese innovation versus indian what?-slave labor.
they just don't have the talent required,and never will.any major infrastructure projects,including getting the most basic need to the masses-electricity,will require huge borrowings,and will be the number 1 priority.any other pipedream involving IO will be on the backburners for a very long time.
cheers crazypunter
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