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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: CaBum who wrote (52737)	6/22/2006 5:37:00 PM
From: regli	Read Replies (2) \| Respond to of 116555

"Don't underestimate the raw energy of Indian people." I don't underestimate India. I have worked with Indians for more than 25 years and enjoyed the brilliant people I was with. However, the country still has huge corruption problems and infrastructure development has only gotten started. My take is that India lags at least 5 to 10 years behind China on that front. India even in its development resembles its caste system. Very affluent on the top, developing well among the well educated, slightly growing in the middle and sticking in the mud at the bottom with hardly a way out.