India - early 2007

I am Indian and I am not defending India. I am just amazed by the level of economic activity in India. If you ignore India, it will be at your peril. I visit this country every month and the changes under way are amazing. India has the cheapest mobile phone rates in the world. The new budget airlines in India provide the cheapest airfares in the world. India has the largest proportion of youngsters in the world and this trend will continue well into the second half of this century. India’s democracy will reach critical mass in the next 15 years - the bane of any democracy is that the majority of the voting population whether educated or uneducated decide who governs the country; in India to this day, populous leaders get elected only because of the majority being illiterate and not knowing what is best for their own future. This will change in the next 15 years because of the major educational efforts under way. And at that point, India would reach the final inflection point in its rise to a super power. Note that with each new government, the number of ministers with international exposure and education is increasing - currently 2 Harvards and an Oxbridge. Finally, for folks like me, salary differentials between the US, UK and India have become minimal - no real reason you have to work abroad to earn money. In fact, India gives young managers the best run for their money. India is on a roll and I love it!

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