Not Just Call Centers Anymore
A whole list of funds, including MIT, are now exploring the vast Indian Subcontinent. Apparently a communist-lite people’s government isn’t so bad for business afterall (remind anyone of domestic politics hear in this country say, 10 years ago?). While the extra cash and high-brow status of these funds is a positive for India’s growth in the long-term, in the near term the huge run-up on the Bombay Exchange can only mean some type of correction is around the corner. Still though, I like the way this country is reforming old crony capitalist corruption and moving the world's largest democracy steadily ahead.