Since its economic revival in the 1990s, India has become one of the fastest-growing countries in the world. It has posted an average 7% growth rate since 1997, and recorded an 8% growth rate last year. Even though most of India's economy is not globally competitive, the country is rapidly creating world-class businesses in a few knowledge-based industries, such information technology outsourcing, which is one of the major driving forces behind India's economic boom.
The success of India's IT services industry has created a hype surrounding the entire country. While this hype has attracted many investors, I think that the industry may be peaking. I don't currently recommend any investments in India, but I will continue to monitor the country for possible investment opportunities.
During a recent trip to Asia, I noticed that there was an increasing cooperation between many Asian countries, particularly China and India. These two countries have key resources that the other country could greatly benefit from, and I think that their increasing collaboration will create an important economic theme in the 21st century. more...
Oil!Oil prices are painfully high right now, and it seems as if the worst is yet to come. Morgan Stanley predicted that the price of oil would reach $150 per barrel within the next month, and I think that they could shoot even higher from there. Demand from emerging markets is putting a big pinch on supplies, and there is a general sense that we may have reached 'peak oil.' Read on for my analysis of this situation. more... |
Inflation in India and VietnamIndia and Vietnam both have incredibly fast-growing economies. But as these emerging countries quickly grow to join the ranks of other major economic players, they are running into a huge problem -- record-high inflation. To learn about how high inflation rates are affecting the economic growth of India and Vietnam, read on. more... |
The Global Food ShortageIn the past few months, the price of food has gone through the roof. The cost of milk, eggs, bread, and meat has reached staggering highs. And considering that the strong food demand from China and other emerging countries isn't slowing any time soon, I think that this food crisis will last for a while. Read further to learn about China's impact on global food supplies, as well as other contributing factors to the crisis. more... |
Rising Inflation in AsiaCountries all around the world are suffering from high inflation. Emerging countries, in particular, are dealing with increased prices on almost everything. You can see this in India, where the inflation rate just hit the highest point in over three years, and in China, where prices are also rising quickly. Read on to learn about how inflation is affecting these emerging countries. more... |
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