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You fail to address any of my core points. China is about done riding the US coattails. The factor productivity is now in China. The capital is now in China. The human capital is now in China. India is just getting started but the ride is over. China took 30 years to do it, but India only had 10 and the ride is over. Will China invest in India like US did in China?? I doubt it. Africa and SA are much more attractive markets.
No one cares about the RBI. It's such an insignificant little ant in the global economy. Just like no one cares about the Reserve Bank of Somalia.
Exactly, GE IT Dept announced yesterday they are bring that work back to the US.
So we will grow slower. Obviously bigger we grow, easier it will get. Not the end of world. I am fine with losing 1-2 GDP points if inflation remains below 4%.
LoL, you are a really poor at understanding this. The risk to Indian BPO services in this situation is that there will not be enough work, NOT that the work will shift back to US. There is a basic need erosion that is feared and not value erosion. I am amazed at your ability to pass spurious comments with such consistency.
What 4% inflation?? Try 9%+ and you don't have the fx reserves to control it.
Stop babbling. Thanks to current economic drama, commodity prices are down. I said in future. World is not under recession now and FDI in India is growing. You cannot have it both ways.
Stop babbling. Thanks to current economic drama, commodity prices are down. I said in future. World is not under recession now and FDI in India is growing. You cannot have it both ways.
I think you didn't hear about the February 31st incident.Firstly the article is from a Blog ! If pakistanis want to celebrate their love with China, so be it ! Secondly a glaring error !!
At the same time, China warned India that was collaborating with the US and Israel to hit Pakistani military installations
When did this happen ??