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Strategies & Market Trends : India Stocks

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To: Cary Salsberg who wrote (411)	3/15/2004 11:07:55 PM
From: Siva Uppalapati	Read Replies (1) of 2517

India is not industrialized country and the per capita incomes are very low. The per capita income is about $500/year. Comparable US per capita is about $35,000. So an average person in india just earns about 1.5% of US wages. People in USA (if they have not traveled to developing countries) can never understand the daily struggle of many people in india and how poor people can be. Lot of people (about 300-400 million) live on less than $1 a day. It is a major struggle to be properly clothed, to buy even slippers or shoes and earn food everyday. About 15 years back, India was among the 10 poorest countries (per capita) in the whole world. Things are improving though. Siva

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