INDIA + CHINA = A market of more than 2,4 billion people
INDIA has its toughest decision ahead.
A huge impact decision on future events that will determine the next hegemony period in the globe.
The decision to take is very clear:
INDIA..., Are you going to join CHINA in your future developments , ... or are you going to lean on US as your ally,... or in a third place, you are going to decide to continue to run the race to world?s most powerful country, independently ???
A) Joining CHINA:
INDIA+CHINA would be the end of US power, not only as the biggest economy on earth, but militarily, socially, and politically.
USDollar would lose its status as the reference currency in worldwide markets, and a new ASIAN power would emerge.
Tight collaboration between INDIA and CHINA is not an easy task. Obviously, the beginning would be in economic terms, that is, to become the world biggest "outsourcing" area.
Second, and very obvious, the highest domestic market in terms of consumer rates, 2.4 billion people is a much bigger chunk than any other individual market in the world.
Big international corporations would be interested in playing their strategies there, and obviously, the jobless claims in these 2 countries would fall to minimums, allowing a much better domestic consumer performance, and the erradication of poverty and transition from countryside to cities, with almost no public spending from these 2 governments, would be a fact.
CHINA has made the first step in this idea, asking INDIA to share the prominent and lucrative OUTSOURCING market.
INDIA is the OUTSOURCER by excellence. Good engineer schools, meaning an incredible added value to big decentralized foreign corporations, depending on INDIA as its main OUTSOURCING supplier.
b) US as an ally:
US cannot lose this train.
USSR cold war is over, but a fiercest one is beginning. The battle to determine who is going to become the next most powerful nation during the next centuries.
This is a democratic battle. A social, political and economic battle, in a now bipolar world.
JAPAN will soon lose its position in the ranking, and CHINA, INDIA will be running behind US .
US will have to use PAKISTAN matter to get closer to INDIA. But, I think this will not be enough. There must be more joining agreements in terms of manufacture, defense, IT, and infraestructure projects.
US must use all its influence power to convince INDIA they must run this race together.
c) INDIA running independently:
INDIA has also the choice to continue developing its economy, serving either CHINA and US as main and preferred customers.
It can become the referee of the "2 big" match.
INDIA alone has 2,1 billion people. So, it is not a little market to feed. And it is not a little market either to focus on its domestic consumer rates future evolution.
INDIA has shown the world why BOLLYWOOD produces now more films than US HOLLYWOOD STUDIOS, it has also shown us the incredible MUMBAI development in terms of financial and industrial power, the high class ENGINEER SCHOOLS, the steel industry, the technology-edged IT companies born in the last 5 years, etc...
A good engineer work base, value added workers, and a political change in the horizon.
Farewell to the old politicians, let?s welcome the "blackberries" !!!. Rahul Gandhi, is the best example of this new generation of politicians, that in 5-6 years, will be ready to lead.
Till now, indian politicians have been well above 70 year old average, INDIA must change this issue to really launch itself into the race of the world hegemony.
INDIA needs young politicians, with global ideas and perspectives, people with foreign studies that have lived and worked in other countries or cities, have shared other religions and bureaucracies...
This is another big decision for INDIA. Maybe the critical one.
Tough decisions ahead for ... That for sure, will determine who will be the next emerging power.
Jose Luis Revilla Escudero
Chairman & CEO
WWShares, Inc
-Global Wealth Management-
www.worldwideshares.blogspot.com
