Mish's Global Economic Trend Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Rational who wrote (19984)	12/30/2004 11:10:00 PM
From: SouthFloridaGuy	Read Replies (1) of 116555

As a % of GDP all those debt numbers are falling in India, by up to 40% in the last 10 years. State governments are insignificant in India. Meanwhile the rupee is appreciating quite nicely against the Dollar, something that doesn't happen by defintion in China. Foreign currency reserves are healthy as NRI's continue to be the main investment source of the country. On the topic of corupption, as the Indian electorate becomes wealthier they have been less willing to put up with corruption and more vocal about it (note the change in governments over the last decade). India has steadily moved up the Corruption Index rankings and no longer sits side by side with Pakistan and African dicatorships. However, being ranked with Russia is not exactly something to brag about, so work is needed there. All in all, India being "better" than China is no slam-dunk, but clearly one is moving in the right direction while the other seems inert due to its new found arrogance and stubbornness.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next