from the tireless ram narayan, more on how india is a better bet than china
KIPLINGER'S PERSONAL FINANCE
What's Driving the Asian Giants?
For China, it's manufacturing. For India, it's services. For you, it means profits.
By Andrew Tanzer
Surely the economic rise of China and India -- with 2.4 billion souls, or 37% of mankind -- must rank high among the megatrends that investors need to watch closely. China is fast becoming factory to the world, swallowing up manufacturing industries that used to flourish in the U.S., Japan and other developed nations. India, to the southwest, is home to many of the voices you hear when you call to complain about a charge on your credit card or to get help for your PC.
In recent years, the economic expansion in both nations has been staggering. That growth has helped push up prices of most commodities, from edible oils to petroleum. The booms have lifted hundreds of millions of people out of poverty and created tens of millions of new middle-class consumers.
You can profit by investing in the high-growth economies of these emerging Asian giants. We'll explain how later, but first come along for a quick tour of the Chinese dragon and the Indian elephant.
Powered By PanWebMailer Version 2.0 © 2004-2005