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Thursday, August 30, 2007

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GVV

Ever since the launching of the New Economic Policies, the middle classes are having a good time in India.These neo-rich people are mad after a consumption spree.With snob, Veblen and bandwagon effects,their consumption has surpassed all limits making the life of the poor miserable.There are IT children and IT parents who lead luxurious living.With no interest in real productive investment they engage in unproductive consumption without any political-social leniance.

Blissex

But why should they not do that? These noveau riches have no stake in their country, as almost all their sales are abroad, and if things go bad they can always emigrate fairly easily. In effect they are living off first world business in a third world country, and they are living the good life of expatriates. This in a country where the distance between the immensely wealthy and predatory elites and the poor ryots has been always enormous and unremarkable.

Mouli

China-India comparisons just come across any basic discussion on countries or economies. The BRIC clubbing has done more harm to India than good. There's a very interesting article at http://www.publicrelationsindia.blogspot.com/.

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do visit my blog at http://shromondas.blogspot.com/ for similar discourses on finance and economics

regards,

shromon das

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