On May 9, 2007, at 12:02 PM, ravi wrote:
> So it seems like India is a Russia (large intellectual/technical
> skill base, pent-up consumer demand, etc, including the imported
> stuff: products, brands, etc) without the oil. Would those of you
> predicting or suspicious of doom for Russia say the same of India? Or
> is my analogy wrong?
India's pretty complicated, with a large and very poor rural sector and some very impressive basic industry and high-tech. Russia's not really like that - it just doesn't have those extremes. But on a pure investment level, India's halfway between Russia and China, and rising.
INDIA: GROSS FIXED CAPITAL FORMATION % of GDP
1960s 14.0 1970s 15.8 1980s 20.2 1990s 22.5 2001 23.0 2002 23.8 2003 24.9 2004 26.3 2005 28.1