Some consider India to be the Asian country of the future. India has strong potential for future growth and would be a great place to invest for the long term. Spear has recommended ETF's like DEM which have great potential from the future.Here is what Spear's ETF Analyst had to say about India:
"Despite the negatives, one could argue that India is the Asian country of the future. The country has a relatively young population, which is likely to exceed China’s by 2030, making it the most populous country in the world. Projections suggest that over this period the country’s labor force growth rate will increase faster than the overall population (a good thing, if there are jobs) and the middle class will swell to triple its current size, at which point it will be twice as large as the entire U.S. population. Moreover, in the last few years, the country’s savings and investment rates have improved considerably. This has enabled the Indian Rupee to appreciate more than 20% against the U.S. dollar since its low in 2009..."
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What are the thoughts of the community, can India surpass China?
2 reasons India cannot surpass China. 1. As noted poor infrastructure. 2. And contributing to number 1. It is inherently inefficient because it is a democracy and because its religious culture obstructs progress. In short, it is a basket case unless foreign companies can force radical cultural changes, which is not likely to happen.