Thursday, May 26, 2011

Loafing Around

At last India has shown some foresightedness in its foreign policy and has extended a credit line of $5bn to the African Countries . It is a great step forward as new battle ground for resources is African Contingent. It is still vastly untapped market and it is very similar to Indian market so Indian companies will not have much problem in doing business there.

China is 3-4 years ahead of India in tapping the market there, as it is churning out new roads, ports and railway tracks cross the contingent.Afro-China trade is worth $1114bn today in comparison Indian trade is only $46bn, but India has huge advantage vis-a-vis china being a democratic country. India should use its comparativeness in software, healthcare, nation building,telecom and infrastructure.
Its better to be late than never.

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