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part of the Indian economy is definitely under fire. i think the inflation is not only due to the expansionary monetary policy but may also be imported commodity inflation due to massive investment demand. But on the whole, the growth story there seems to be right. Above all, I like how India is positioning itself as a swing state between the two big blocs, the BRICS and the G7 - they are simply too powerful economically and politically to be ignored by either side and I think they will be able to monetize this completely in the future
Half the workforce is in agriculture
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13 sats \ 0 replies \ @TomK 18 Jul
In contrast to China, India seems to be approaching its transformation in a more natural and homogeneous way. This should perhaps also somewhat reduce the social volatility that China has repeatedly and violently suppressed in the past
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I agree. The growth story is right but to say that inflation is under control is a lie. India's geographic position has always been helpful in maintaining its status as a swing state apart from being economically and politically sound. The biggest factor that's driving this growth is, I assume, India has massive workforce and that's ready to work 6 or 7 days a week.
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