Forum for pundits of interest to Davosman members. Please make one thread per pundit.
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I am impressed by these quotes:neverfail wrote: ↑Sat May 25, 2019 4:04 amhttps://www.asiatimes.com/2019/05/artic ... ul-idiots/
Without much intervention, this is an economy that can coast along at a 6-7% growth rate for the foreseeable future; no mean feat for a $2.5-trillion economy.
Wow! That growth rate is better than China's.Additionally, I expect Modi to strengthen and broaden infrastructure spending, which will add a further 1% to GDP growth in the next three years.
https://bluenotes.anz.com/posts/2018/08 ... om_to_grow
With a population size that almost matches that of the PRC (and growing faster); while India still has a way to go I can see this country one day matching the PRC as a customer for Australian exports.
A smaller country that has only one dominant external trading partner tends to become a dependency of that power. The smaller country that has two (or more) coequal partners is in a far stronger bargaining position.
Grow India, grow!