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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (13925)	5/14/2004 5:20:51 PM
From: Peter Joseph	Read Replies (1) \| Respond to of 110194

Year 2020, when India's population will overtake China's according to official forecasts and projections. i'd stick my neck out and predict that it would be somewhat sooner. There is still no family planning (as compared to the strict one-child rules in China). Other problems: Lack of infrastructure, Unemployment, Corruption (pervasive) All issues are huge. And there are no easy solutions. Every prediction on the outcome of elections was wrong. Nobody gave the Congress party any chance at all. While the middle-class benefited from the recent economic reforms, the poor and downtrodden did not. And much of India voted for change. How will this affect Indo-US relationships? Haim is right that the Congress party with it's socialistic policies will slow the rate of reforms. This is the same party that ruled India for the first 40+ years after independence in 1947. The progress & prosperity then was marginal. Socialism is a failed experiment in India. Neutral for outsourcing. As time goes by, costs will become less of a differentiator. With both U.S. & India regressing to the mean. However, there is still this huge underutilized workforce in India. Mildly positive for Political dialogue. The previous Indian government turned down a request for troops in Iraq. Even when the US privately managed to recruit cooks for the kitchen. War salary: $1,000 per month (a princely sum in India). No letters or phone calls home for 6 months. Yes, it's quite a different world out there!