Icewolf
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- Jan 28, 2012
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India right now is a primitive economy... No future for it..
It was going in the right direction in the 80's when it opened up its economy but unfortunately these economic reforms stayed and as the world economy grew more mature, India could never catch up. Now whats going on in India is that the rich are getting richer while poor are getting poorer and this gives the illusion that India is doing well economically, but really this is all just a bubble and will pop in few years... ONly one in BRIC who people shoud really pay attention to is China, rest countries are useless
Add that to the rising debt and inflating currency and you see this is just a ponzi scheme..... even few months ago india proposed that $1 trillion was going to spent on infrastructure, but does india have that type of money?
It was going in the right direction in the 80's when it opened up its economy but unfortunately these economic reforms stayed and as the world economy grew more mature, India could never catch up. Now whats going on in India is that the rich are getting richer while poor are getting poorer and this gives the illusion that India is doing well economically, but really this is all just a bubble and will pop in few years... ONly one in BRIC who people shoud really pay attention to is China, rest countries are useless
Add that to the rising debt and inflating currency and you see this is just a ponzi scheme..... even few months ago india proposed that $1 trillion was going to spent on infrastructure, but does india have that type of money?