Wednesday, March 08, 2006

Understanding India

From a recent article, featured in the Kahleej Times, Mohammed A. R. Galadari reports on India's current relationship with the U.S.
"Bush said India's 300 million middle class population is as high as the total population of the United States. The Indian middle class, though, is a different class by itself, as their earnings are not comparable with the earnings of the middle class segments in the developed world. While the Indian middle class may earn an average of what equals 300 US dollars, the case with the developed world is that their middle class earns as high as what equals 2000 US dollars. Yet, the vastness of that middle class population, and their purchasing power, is a great attraction for America and the rest of the capitalist world. That's where, they know, they can anchor their businesses. "

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