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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Robert Douglas who wrote (5178)	4/28/2004 3:29:24 PM
From: microhoogle!	Read Replies (1) of 116555

That will imply that India's GDP will be 3 times that of present day United States. Not gonna happen especially with law of diminishing returns that will kick in within a decade. Heck it might be within months the diminishing returns could kick in if the current party loses the ongoing election. Already it looks like Chief Minister of Andhra Pradesh might be out of power soon.(He Credited with making Hyderabad a technology HUB and has transformed the state drastically. Microsoft and Oracle have a huge presence in Hyderabad). If Congress-I comes into power, the reforms will continue albeit at a slower pace. But this is a party where corruption was taken to a whole new level a couple of decades ago. Corruption into high tech and outsource jobs (to India) will spell doom. JMPO (just my pessimistic opinion) and as you can see, I am not a big fan of Congress party :-)

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