tag:blogger.com,1999:blog-33693245.post4249607256090834220..comments2024-03-04T23:40:58.133+05:30Comments on The Big Picture: Economist resurrects 'India overheating' hypothesisThe Big Picturehttp://www.blogger.com/profile/06018983225756352176noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-33693245.post-90497963096086464602007-06-19T08:06:00.000+05:302007-06-19T08:06:00.000+05:30People will always seek greener pastures - and for...People will always seek greener pastures - and for many that may be outside India ... yet, there are some clear trends ... the rapid growth in India is changing this dynamics - Non Resident Indians are either returning or otherwise investing or collaborating and there is anecdotal information that fewer bright students are seeking to pursue higher education since they seem to be able to do what they want in India ... as long as the country remains open to new ideas and opportunities - life will only get better and India will overtake China for sure ... China does not have the will nor the ability to let their people loose since they fundamentally distrust the democratic process and will remain authoritarian and so limit what their citizens can do.Krishnanhttps://www.blogger.com/profile/10392990372263068251noreply@blogger.comtag:blogger.com,1999:blog-33693245.post-28016481145392258842007-06-19T04:44:00.000+05:302007-06-19T04:44:00.000+05:30Dear Gentleman,I accept your arguments at their fa...Dear Gentleman,<BR/><BR/>I accept your arguments at their face value. You may be correct. I am not sure. However,if I accept your 8% growth and that jazz, how so many Indians are moving out of the country in search green pastures?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-33693245.post-47525573305578196162007-06-18T10:18:00.000+05:302007-06-18T10:18:00.000+05:30While I loved the line, "Sorry, folks, India is go...While I loved the line, "Sorry, folks, India is going to disappoint you- we will keep growing at 8% plus", I am curious to know the reasons for your unbridled optimism, in terms of macro-indicators, fundamentals, etc.Rajhttps://www.blogger.com/profile/09367344161081393779noreply@blogger.comtag:blogger.com,1999:blog-33693245.post-42426248680756586862007-06-17T19:39:00.000+05:302007-06-17T19:39:00.000+05:30India is not China (the obvious does not seem obvi...India is not China (the obvious does not seem obvious to legions of economists/pundits out there ... certainly not ET!) yet, they cannot help but keep comparing the two growing economies. The differences go way beyond the obvious - that India, being part of the British Commonwealth (and it's own history) has a history that is fundamentally different from that of China. In the US, I see a slow but growing realization that China will never ever be the kind of economic competitor that India can and will become very soon. The Communists in China will never, ever let loose of their citizens like India can and is beginning to ... one cannot sustain economic liberalization without a nation of truly free people. <BR/><BR/>I have difficulty understanding why there should be direct intervention with the appreciation of the rupee ... (or why the US always seems to want to debase it's own currency, the dollar - by talking it down whenever there is a trade deficit) - the trading of the rupee may be indicating that there is value to be found in India - ... let the people running companies/innovating figure out ways to make what they do even more efficient (The Japanese yet used to be about 360 yen to a dollar when Japanese manufacturers started making cars/electronics - and slowly but surely beat out their competitors as they figured out how to deal with the appreciating Yen - It is true that this was NOT in a vacuum and that the Bank of Japan did meddle some - but the fact that the Yen appreciated almost three fold YET Japanese manufactuers maintained their ground indicates that the problem with trade is NOT simply a matter of exchange rates ... in my own limited view of the world!)<BR/><BR/>8%? 8.5%? 9%? Who knows ... the critical issue, as always, is what happens to the good neighbor Pakistan - if there is a lot of turmoil there with violence accompanying any change in government from Military to Civilian Hands and possibly back to Military again, all bets are off ... The money inflow to India will stop, abruptly - the economy will slowly but surely slow down ...Krishnanhttps://www.blogger.com/profile/10392990372263068251noreply@blogger.com