Watching India overtaking China

Jonathan Power Forums ^ | May 6, 2004 | Jonathan Power

[ETERNAL WARMING]

And watch them both overtake the US with money provided by the Globalist Free Traders.

[CarrotAndStick]

That's sarcasm, or what? We need to be worried if it is not!!!

[forYourChildrenVote4Bush]

Build up India to offset China, they dislike each other, I trust the Indians more than the Chinese. The Indian people are smart and they even have the same common enemy with the Israelis and Americans.

[PianoMan]

I agree that India is underestimated by everyone. I would invest there if I thought I found a vehicle I could trust.

[CarrotAndStick]

http://www.freerepublic.com/focus/f-news/1156692/posts

[CarrotAndStick]

Could you trust an Enfield? :)

[Law is not justice but process]

An interesting read. I suspect investors who really believe the economy of a democracy can outperform that of a totalitarian state should invest in India rather than China. If nothing else, prosperity for all citizens will lead to reelection in a democracy, but will only endanger a totalitarian government.

[185JHP]

Remember the time when Japan was looked at as an unstoppable juggernaut? The book "The Japan That Can Say No" was written? Unfortunately for them, they got smitten by a God that says "No" real well. He can give the Chinese a whipping they'll long remeber. It's up to Him when and how. He can lift India as high as He wants.

[forYourChildrenVote4Bush]

The Israilis and Pals talk once in a while, but that means jack sh1t. I come to not trust, beleive anything said by muslims from any muslim-arab country. In the end in only takes one kook to take hold of a WMD, and they have many kooks over there.

[razoroccam]

IIF and IFN are both traded on NYSE.
INFY for info tech.
RDY for biotech/pharm.
ICICI for banks.
Good luck.

[Let's Roll]

I thought India went socialist in a recent election?

Somehow, someone convinced the untouchables they would be better off under socialism.

Can anyone explain what road India is on now?

[CarrotAndStick]

Suggesting to buy Indian stock? As far as I know, their markets are temporarily down, the reason being investors waiting for the new budget. Theoretically, the best time to invest in India. But I may be wrong.

[CarrotAndStick]

The new Prime Minister, Manmohan Singh, is, if I recall correctly, the one who initiated economic reforms and welcomed capitalism.

[Lessismore]

China is much more capable of harnessing the efforts of the whole population and turning itself into a fully-developed modern state.

India is riven with caste, religious, and class distinctions which will severely limit India's progress.

[CarrotAndStick]

Are you sure? I thought Indians elected a Roman Catholic to be the leader of the country, who nominated a Sikh in her stead, who was in turn sworn in by a Muslim president. If that is not breaking of religious/caste/class barriers, then you tell me,what is?

[CarrotAndStick]

China is a largely homogeneous country, barring the Tibetians, if you accept them as Chinese. They can't have even the slightest share of the difficulty India has with integrating her diversity.Yet she lets her people have the freedom to vote. You tell me, which of the two is the better one.

[Rockpile]

Jonathan you silly goose, of course journalists and academics and corporatists adore China.

The Chinese are Communists.

[CarrotAndStick]

I'm sorry I'm starting to sound hostile.

[dufekin]

India is a socialist country that appears to be turning capitalist rather slowly. It has prohibitive trade barriers (for imports), a largely nationalized financial sector, draconian over-regulation, a vast black market, confiscatory taxation (on corporations), a large government sector, restricted foreign investment, some wage-and-price controls, little protection for private property, and modest inflation. This system isn't as bad as that in China, and it's getting better slowly.