Re: Russia’s economy (was Kvetching, Sarkozy etc.)
On May 9, 2007, at 12:02 PM, ravi wrote:
So it seems like India is a Russia (large intellectual/technical skill base, pent-up consumer demand, etc, including the imported stuff: products, brands, etc) without the oil. Would those of you predicting or suspicious of doom for Russia say the same of India? Or is my analogy wrong?
India’s pretty complicated, with a large and very poor rural sector
and some very impressive basic industry and high-tech. Russia’s not
really like that - it just doesn’t have those extremes. But on a pure
investment level, India’s halfway between Russia and China, and rising.
INDIA: GROSS FIXED CAPITAL FORMATION % of GDP
1960s 14.0 1970s 15.8 1980s 20.2 1990s 22.5 2001 23.0 2002 23.8 2003 24.9 2004 26.3 2005 28.1