Caste system, education of masses and rort/corruption.that's the other difference between India and China.
Communalism, sectarian divide, entrenched religious separation.
The Controversy Over a New Population Study From India
Critics say the study could sow communal discord between Hindus and Muslims during India's ongoing elections.time.com
you have to remember the country is coming from such a low base where some 1/3 of the people dont have electricity or just received smart phones. plus they are en emerging country so what truth is there behind the numbersexit polls for the Indian election show that the Bharatiya Janata Party - led National Democratic Alliance will win an overwhelming majority.
The Indian election kicked off on 19 April and concluded on 01 June with the results being announced on 04 June.
This win by the BJP will secure Narendra Modi a third term in office and should ensure a continuation of the economic policies that have led to India being the fastest growing major economy in the world.
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what is the truth ?? you could ask that question of many nations ( and the answer is less than claimed in a fair number )you have to remember the country is coming from such a low base where some 1/3 of the people dont have electricity or just received smart phones. plus they are en emerging country so what truth is there behind the numbers
china has been cooking the books for best part of the decade. time will tell more so with india.what is the truth ?? you could ask that question of many nations ( and the answer is less than claimed in a fair number )
this is where your estimation/predictive skills are needed ( when investing ) i veer towards the cynical side , and expect bumps and retraces on the way
what you see as 'primitive' i see as growth potential , eventually most Indian citizens will have electricity , clean water and phones ( and India is just the place to make cheap basic ones to saturate South Asia , Africa and South America , with crude but functional devices )
not next year , but in 20 years Indian will be another power-house , or a failing state like Japan ( so keep an exit strategy ready just in case )
well the current Indian Government has been moving forwardchina has been cooking the books for best part of the decade. time will tell more so with india.
i dont see it as the term primitive can be taken by any means but yes growth opportunity due to such a low base. if it was that easy and going to happen over the next decade-plus wouldn't they had made say some progression than whay they have now?
Compare India to say China or Taiwan post the civil war?well the current Indian Government has been moving forward
( disclaimer there will be a new coalition mix Government taking the reins soon , so direction and pace may change )
but progressing too fast has it's dangers as well
remember India has only been truly independent again since WW2 ( about 1947 from memory ) so less than 100 years to weed out the unwanted colonialist legacies .
also remember in those 100 years India has had several political assassinations , there are still some major upheavals possible
but in the next decade , or longer ?
i suspect the changes will be slower and take longer 1 plus billion citizens takes a lot of infrastructure
undoubtedlyCompare India to say China or Taiwan post the civil war?
Both the communist and nationalist (Taiwan) managed to progress so to still blame something from post 1947 and still be a 3rd world means there are far more problems and will be
india deffinatly, they now are the most populated country in the world over taking china recentlyundoubtedly
but if not India , where do you go for economic growth/development ?
while i am looking to increase my exposure to India , i am not neglecting Vietnam ( China's Mexico ) and Indonesia and am slowly relaxing my extreme biases against Africa and PNG
Pakistan looks like it may descend into another civil unrest
but India may decide to forge closer ties to Sri Lanka and Bangladesh ( i think that would be a good thing medium term )
none of these 'growth stories ' look to be easy sailing , but then you may have better entry opportunities because of those setbacks
Good morning
some interesting information just read re: India.
Kind regards
- India’s iron ore production rose by 7.4% to 116 million metric tonnes in April through August this year, compared with 108 million metric tonnes during the same period last year;
- Aluminum production grew by 1.3% to 1.8 million tonnes in April to August from 1.7 million tonnes in the same period in the last fiscal year; and
- During the same comparative period, refined copper production grew by 5.8% to 202,000 tonnes.
rcw1
Thanks DS, might be a good time to top-up India etf?The Indian rupee declined to its weakest level on record on Monday as persistent outflows from local stocks continued to pressure the currency even as most of its Asian peers benefited from a weak U.S. dollar.
The rupee slipped to its all-time low of 84.11 against the dollar, inching past its previous record low of 84.0950 hit last week.
The benchmark BSE Sensex and Nifty 50 equity indexes were down about 1.5% each on the day, pressured by likely selling by overseas investors and caution ahead of the U.S. presidential election outcome.
Persistent selling by overseas investors and a tepid local earnings season have weighed on local stocks, with the benchmarks down about 9% from the record high hit in late September. Foreign investors have net sold over $11 billion of Indian equities in October, while overseas investors and foreign lenders also trimmed their positions in government bonds last month for the first time since April.
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and the two local listed ETFs
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The nifty 50 is nudging below 25,000 which many consider a bad omen.Thanks DS, might be a good time to top-up India etf?
Will dip a bit, got some TD expiring soon
Thanks for raising the subject as i did not check even weekly
i hold IIND ( bought in March 2022 currently up more than $2 a share )Thanks DS, might be a good time to top-up India etf?
Will dip a bit, got some TD expiring soon
Thanks for raising the subject as i did not check even weekly
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