India's capital markets work the way they should; China's are a rigged casino
I just love that line in this article in CNN Money. hahaha India's capital markets are still shallow, but there's money flowing in, so while there is a chance of manipulation, that chance goes down each day. Admittedly, the author is a lover of democracy and feels that it will make up for deficiencies in execution on the part of India vis-a-vis China, but being an Indian, I just love the fact that companies look to India now as the place to invest. 4 great reasons:
- It's still cheap to buy out companies or grow organically.
- You have property rights, and can own your own business (in most sectors now)
- It's got a massive market of "brand-loyal" customers - most of them in the middle class.
- There's price parity in what the consumer will pay between India and the West.
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