Also funny is that the folks at BlackRock, supposedly no-nonsense and hard-numbers investors, fell for the ideological propaganda about India being the next economic supapowa and will whoop Chinese ass.
It's not ideological, just logical.
India has a lot of development ahead of itself. If the country can improve itself, It's a big opportunity financially speaking. If the population can be uplifted, they will want to buy nicer clothes, bikes, cars, etc. Just like the development path of China. So what is the problem?
A thoroughly amusing article. Some highlights:
A law enforcement agency doing its job or a shakedown?
I find it funny that they think they have 50% of their investment still good.
But all that is just me throwing shade on India. Here we come to some actual facts:
@siegecrossbow talks about American business leaders being Legendary Wumaos. Here we have an American Legendary JH:
As the article mentions, India's biggest shortcoming is the top-heavy economy. It has been the case for decades. The government (and it doesn't matter which party it is) always wants to take a shortcut, never wants to put in the work, and far too often chases "prestige". I remember the 90's the belief was that the IT outsourcing boom would allow India to skip the need for "old-school" industrialization like China with factories. Now we see it has stalled and hit a ceiling.
It is more obvious with the military. In the 90's the Su-30MKI was heralded as the beginning of Indian Air Supremacy. As equipped, it was outclassing anything except JASDF F-2 and USAF F-22. Russia had agreed to far more generous technology transfer terms to India compared to China's MKK as well. Clearly Russia was more fearful of Chinese domestication efforts relative to India's, and history showed that they were correct. Even today India cannot produce a fully domestic Su-30, while Denio can produce a whole book on China's family of Flankers. Even on the low-end it's bad. Pakistan can field a good number of JF-17 and actively upgrading it, while the Tejas is in production hell.
The Navy always had aircraft carriers, and the contemporary Delhi class DDG was more capable than the Shenzhen. Problem with both systems is that they were basically imports. The Shenzhen might have had crappy 37mm AA guns, but at least they were *domestic* crappy 37mm AA guns... The Delhi was all imported subsystems in an Indian shell.