Saturday, March 26, 2011

India´s future

According to a recent paper produced by Goldman Sachs, it seems that India´s GDP per capita (roughly, a measure of likely personal income), will exceed that of USA before the century is half way through. At about the same time, Germany, Japan and the UK will have about 1/4 of this GDP. Not paupers, but in some cases maybe approaching third world income levels.

IMO: Honesty and hard work may well be what counts. Certainly in the UK, neither of these are very evident.

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