Today while commuting to school I was browsing the internet searching for news about developing countries, when I saw this video about the BRICs and India’s status in it.
I thought it was very interesting, especially because years ago India was considered to be the most promising country of the BRIC group according to this publication.
It is a big problem because India is a huge country, extremely populated with a not so large infra-structure. As a emerging economy India still does not have a good transportation system, which does not allow a descent logistic for Indian goods to be transported.
India’s problems are the slow growth, a falling currency, high inflation and high interest rates, a bad combination for an emerging country, especially with such a large population of poor.It is such a delicate issue because India could be seemed and invested as an agricultural based country, but It might happen to India exactly what happens to Jamaica. If India produces something, it is probably going to be cheaper to buy it from China or Indonesia. This other article says more about the current disappointment with India in the BRICs.
The investments of companies, like Wal-Mart for example in India would most likely take away from the poor their chances to improve their lives, being that any multinational can sell imported goods for less than they would produce. The question is with problems like this how is the Indian population going to survive?
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