chailatte

Bill gates can't fix

- apathy from upper/middle class towards lower classes

- willingness from normal citizens to live with human feces on the streets, eat in restaurants with huge garbage piles right in front

- spinelessness/cowardness from the voting public

so what if there are smart people in india? they are spineless/uncompassionate/unfeeling/unprideful.

China GDP: 8.3T (2012)

Brazil GDP: 2.5T (2012) Russia GDP: 2.1T (2012)

India GDP: 1.9T (2012)

India isn't even in the same league as China. India has to compete with Russia/Brazil. BRIC is an old grouping from years ago.

Having a huge population and being democratic doesn't automatically give you a bigger economy. Look at South Korea (1.3T) or Japan (6T) comparatively.

> China has been very nervous about the Indian economy for some time now.

lol right. go to shanghai or hong kong, then go to mumbai, and tell me that with a straight face.

I don't claim to speak good english :)

1.) the young generation is still corrupt and apathetic and spineless 2.) assuming your number is correct (which I doubt), 90% of those students who overpaid for a masters are staying in the US

taiwan also didn't also have the problem of

1.) large population

2.) squatters rights

3.) apathetic/spineless voters

4.) human fecal matters on the streets

5.) water shortage

6.) religious ferver

7.) entranched corruption

8.)....many more

I am a huge pessimist about India. here's why.

1.) Everyone in the thread is ignoring a huge point raised by the author: this is the last biggest bubble we will ever witness in our lifetime (and possibly for many lifetimes) due to

a.) unpeg of gold standard

b.) shift from farm to factory work

c.) shift from one income to two income household

d.) machine/software advances

and many other factors has produced the greatest economic growth we have ever seen in history. However, due to

a.) unsustainable financial gambling

b.) wealth growth only in top 1%, mostly through rentier effects

c.) robots, automation and artificial intelligence resulting in jobs destruction

d.) population slowdown, shift to older demographics

the second dip in global economic depression is happening. and will induce so much deflation soon that 99% of the world population will be very very poor. for 3-4 generations.

2.) due to the lack of hygiene/lack of transportation/too many people/bad weather/trash everywhere/homeless everywhere/fecal matters on the streets/too many doctors prescribing antibiotics, resulting in super-resistant viruses, there will be a huge epidemic sooner or later that might wipe out millions of people, and nobody will be able to do anything about it because the crash in the economy.

3.) Growth in IT outsourcing is no more. Foreign investments are down big. There are better countries for companies to invest in that have better infrastructure and speaks better english.

that's easy. minimize your purchases with mega corporations. buy more from small businesses.

btw, if your bank is

jp morgan chase

citibank

bank of america

hsbc

you should be ashamed of yourself.