Barkly Needs To Understand India and China
China's gross domestic product at plus $1.6 trillion, is by far larger than India's $692 billion. China leads by tenfold in direct foreign investment. Interestingly India's ten wealthiest citizens are worth a collective $68 billion while their Chinese counterparts are worth around $12 billion. Indian salaries for the best and brightest have doubled and tripled in the past 5 years. A recent survey in China asked consumers what they are most likely to buy with their new earnings and wealth in the next 12 months.... 43% said "having a private car is my biggest dream." Next in line was a flat screen TV and then a house with new furniture.
The penetration of passenger cars in China is 8 per 1000 inhabitants...Which is quite low compared to the world wide average of 104 per 1000.
The world has never seen this type of Global wealth creation taking place right now and the willingness to spend it! Every commodity on the planet is being bought up!
Stay long...Just in time delivery isn't keeping up and Americans are in general ignorant of this momentum!

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