Wednesday, August 08, 2007

interesting and long paper on india's possible economic growth

aug 8th, 2007

i glanced through it. some interesting snippets:

1. india's household savings rate is no worse than anybody else's.
corporate savings are relatively low, but it is the government that
really is poor at savings. naturally, they have to keep all those
kaaangressi cadres fat and happy with subsidies that head to their
swiss bank accounts.

2. among the growth projections for india's economy over the next few
years by various 'experts', the Economist Intelligence Unit gives one
of the lowest. now why am i not surprised? the voice of NATO (which is
on a rampage against russia and putin these days) is clearly not
prepared to let india escape from the ravages of empire.

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