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  1. LalTopi

    IMF projections for BRIC nominal GDP (2015-2019)

    But not too young or simple not to have heard of Basel 3 and capital adequacy ratios. In which bank would you park your money @badguy2000 ? in a bank with proven capital reserves to international banking standards or one full of hot air and patriotism? Will the other billion chinese be as...
  2. LalTopi

    IMF projections for BRIC nominal GDP (2015-2019)

    Glad you agree that China's blue collar workers are no longer 'cheap'. As to a shortage of blue collar workers, well let's see what happens when the borrowed/invented money runs out that is used to prop up the stock market, build apartments that are unlived in and roads that lead nowhere.
  3. LalTopi

    IMF projections for BRIC nominal GDP (2015-2019)

    Nevertheless the trend is there to see of which Foxcon is the biggest example to date. Nobody is denying that India presents a huge number of barriers to potential investors. Whether or not Modi succeeds in dismantling these barriers will be a defining moment in India (and the World's) history.
  4. LalTopi

    IMF projections for BRIC nominal GDP (2015-2019)

    @pmaitra, @blueblood, TrueSpirit2 Looks like in the time that @badguy2000 was thumping his chest and @CrYsIs and @Martian were being ultra cynics, 1million 'real' jobs have just been shifted across from China to India. Of course the CPC can for some time yet carry on artificially inflating GDP...
  5. LalTopi

    IMF projections for BRIC nominal GDP (2015-2019)

    I'm case you had not noticed all this China manufactuing is shifting over to India, Vietnam etc. Manufacturing is actually low hanging fruit which follows where labour is cheapest and governments friendly. So India will in the medium to long term get much of China's manufacturing, yet on the...
  6. LalTopi

    IMF projections for BRIC nominal GDP (2015-2019)

    In which case you had better 'vote' out your current government as their policies favour moving over to a services based economy instead of a manufacturing/farming/mining one. http://www.scmp.com/business/economy/article/1739925/chinas-service-sector-draws-bulk-FDI-manufacturing-loses-allure
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