Monday, May 12, 2008

IDKT - India's $1 Trillion INFRA Fix

I Didn't
Know

That
...Over the next five years, India's government will be spending $1 TRILLION to repair the country's ailing roads and highways system (including the build-out of rural roads connecting villages, roads connecting urban centers, roads connecting ports, roads connecting to airports, etc.)

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India's Commerce & Industry Minister, Kamal Nath, believes one of the key overlooked differences between China and India is that China is an export-driven economy (an economy whose growth rate is dependent on free trade + the spending of other countries) while India is a domestic demand-driven economy (a more 'self-sufficient' economy). According to CNBC, China has about 100 million 'middle class' individuals vs. India's 300 million.