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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Clappy who wrote (25447)	12/12/2003 12:25:05 PM
From: E. Charters	Read Replies (2) \| Respond to of 39344

What people miss often is that the country with the most deterimination and intellectual capital equal to China, who most wants to increase their economy, industry and reduce povery, is India. India has half the average GDP of China, but is has a far far richer middle class who are very capable and who speak excellent English. There is political turmoil in India, but the government is steering a wise course between the rocks here and serious separation talk has been reduced in recent years. The barriers to development are higher socially due to legal and land base entanglements with large scale projects. As well, states have resisted economic incentives to basic industry like mining and manufacturing. Controls against money moving out of the country has limited some of the best business initiatives that could empower a business elite in international trade. A stagnant low value retail trade partly due to a low rupee and poverty hinders the building of domestic trade empires from foreign resources. Still, India has 100 million people who earn an order of magnitude more per capita in real terms than Canadians do. It has rich country within a poor country, and that rich segment is determined to improve the fortunes of Industry by hook of by crook. It seems to be happening recently as a boom is taking place within the Indian borders. EC<:-}