India has been the Cinderella for decades: always promising, never delivering. India's GDP growth fluctuates between 4% and about 11%, depending on how bad the monsoon is.
To stabilise it, there will need to be extensive and expansive investment in infrastructure (one of the big drivers in China's GDP growth rate, btw). This just isn't going to happen: Indian is a democratic federation of states. Getting two neighbouring states to agree on major arterial transport corridors is nigh near impossible. Keeping cows, asses, and throngs off freeways to allow for the efficient transport of goods continues to stymie growth.
Yes, India will continue to grow, but nothing in the way China has UNLESS there is a complete rewriting of the Federation rules. When Modi was elected it seemed this might actually happened. But after his "rock legend" tour around the world to appease the diaspora, all has gone very quite.
Intrastate activity will continue: new mega cities built, local infrastructure improved. Interstate activity will, however, continue to lag the needs of the country.
I'm betting the growth genie will bypass India and, in time, take hold in the N and ME.
- Forums
- ASX - By Stock
- OAU
- THX is excited about Savannah North Nickel Sulphide Extensions
THX is excited about Savannah North Nickel Sulphide Extensions, page-15
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OAU (ASX) to my watchlist
|
|||||
Last
0.6¢ |
Change
0.001(10.0%) |
Mkt cap ! $39.27M |
Open | High | Low | Value | Volume |
0.6¢ | 0.6¢ | 0.6¢ | $3.062K | 547.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
21 | 26081491 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 32217658 | 25 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
21 | 26081491 | 0.005 |
15 | 11598647 | 0.004 |
6 | 3213355 | 0.003 |
7 | 5070398 | 0.002 |
11 | 48292041 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 32217658 | 25 |
0.007 | 29936348 | 18 |
0.008 | 13186005 | 10 |
0.009 | 14935271 | 5 |
0.010 | 5833474 | 9 |
Last trade - 14.37pm 23/08/2024 (20 minute delay) ? |
Featured News
OAU (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online