tag:blogger.com,1999:blog-2335748440449035592.post2882639341699850459..comments2008-06-03T20:24:12.720-04:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2335748440449035592.post-25649116710238165602008-06-03T20:24:00.000-04:002008-06-03T20:24:00.000-04:00You have to segment India's society, the disparity between rich and poor is extreme, like in Brazil, like in China, like in Russia. The "poor" in America would be "middle class" in many of those countries so you have a limited segments of society you are talking about. Large portions of Indian poor don't have electricty yet so this is what I mean about segmentation.<BR/><BR/>If nothing else I know ICICI can start picking up some Americans to offset their Indian base - they just started opening branches here.<BR/><BR/>Developing markets are going to be a great battle - high inflation and high growth. No one knows which will win out but its going to be a matter of degree. There is no "yes" or "no" answer to your queries, just like the US has segments of economy doing well (natural resources, railroads, ports, Apple, medical) there will always be winners and losers in an economy. Even if India growth falls in half its still 4% which is 4% more than the US. So it's all relative.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-23932505048612620282008-06-03T19:51:00.000-04:002008-06-03T19:51:00.000-04:00I just picked up a little HDB yesterday, but I was hesitant to buy too much. I'm concerned that with food prices, etc. so high, it will severely limit the amount of money, if any people will have to put into a bank. A battle between growth and inflation doesn't seem like an ideal environment for a bank to grow. Any thoughts?One step closer to Canadahttp://www.blogger.com/profile/12039738162667681225noreply@blogger.com