The problem with his analyses is it doesn’t consider just how much of India’s industry is reliant on the US clientele. Most of the consumption expenditure in India is driven by the top 10%. The majority of this 10% is comprised of IT workers working for American corporations that outsourced to India.
Once that vanishes, India’s in a horrible position as it has no internally developed economy like China that can keep the economicnc cogs moving
Agriculture is around half the economy in India and where large chunk of the workforce is. I expect the crash will largely affect the upper crust which might actually lead to positive social change.
The problem with his analyses is it doesn’t consider just how much of India’s industry is reliant on the US clientele. Most of the consumption expenditure in India is driven by the top 10%. The majority of this 10% is comprised of IT workers working for American corporations that outsourced to India.
Once that vanishes, India’s in a horrible position as it has no internally developed economy like China that can keep the economicnc cogs moving
Agriculture is around half the economy in India and where large chunk of the workforce is. I expect the crash will largely affect the upper crust which might actually lead to positive social change.
India is actually #2 in exporting refined fuels after Russia I believe. They are also big in pharmaceuticals especially generics.