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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (1191)	5/31/1998 11:23:00 PM
From: k.ramesh	Read Replies (2) \| Respond to of 12475

Forget the G-8, set the CEO's of America's top 20 businesses and exporters and see where their interest lie is what this is telling me. Maybe instead of ambassador's to 149 countries India should have an ambassador to each of the S&P 500. With these guys at least, it won't be India or China, it will be India and China and throw in Pak Bangladesh sri lanka etc for a good measure. With SEA slowing and Russia tottering these guys need markets, and that is India's trump card. I would caution against JPR's suggestion that India try to align itself with the US (diplomatically). Since there is only one super power, aligning with it has no benefits.(unless you are a dog and like wagging your tail) Opening markets gradually on India's terms surely, but it should be for India's benefit with investment in infrastructure, roads, telecom etc Consider this - . If India had been any more integrated into the global economy it would not have had the freedom to pursue its own security interests, the weight of sanctions and other threats like currency traders shorting your currency, would have been too great. The trouble with the nukes is that, far from a show of independence it might actually weaken India as she is forced to spend more on defense, and the powers that be have been brainwashed that might is right, just like the west. Contemporary conquest is not thru armies but by creating a class within each country that is 'bought in ' to the ideas of the west. Once you choose to pursue the same path, the race is already lost. With the middle class clamoring for toys and the generals clamoring for nukes, the interests of the poor will be left in the dust. The answer may be in the same gradualism that India has been pursuing opening markets, primarily to increase local competition, create infrastructure, minimize distortions in the market etc. On the asia forum Arnold Fullerton asked - If you have a sustainable economy do we need competition? If India can create a best of all worlds scenario I mean Cell Phones and Public transportation, Thatched roofs and Sky Scrapers then we might have a chance. Ramesh.