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Wednesday, January 04, 2006
(Via Senthil) Charles Wheelan writes, India is far more than a telemarketing curiosity, and "outsourcing" is only a tiny piece of the economic transformation going on there. Having grown at roughly 6 percent a year for the past decade with the potential to do even better, India is likely to be one of the most important economic stories of the next decade. Support for a democratic country as a showcase to the rest of the world, real opportunity for uplifting the lives of the poor and most importantly a richer India will make for a richer America –a s US product consumptions shall increase dramatically, products designed for Indian masses can benefit Americans, Indian competition and outsourcing by American companies will lower the cost and improve the quality of all kinds of goods and services. He looks at china as a geopolitical problem waiting to happen, whether it's Tibet, Taiwan, encroachment in the South China Sea, selling weapons to nasty regimes, or any number of other problems that stem from being an autocracy on the move. If China is the bad drunk at a party where a lot of liquor is being served, then India is the muscular guy in the corner quaffing mineral water. He looks like a good person to get to know. He concludes by stating that Americans lnned to hope for continued growth for the 1-billion-plus people in the world's most vibrant democracy.
Category :India |
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