Meanwhile - India continues to prosper

[jillan]

http://www.google.com/hostednews/afp/article/ALeqM5hoAq3EaYxOrR0wgf-wGl_s6e1Vug?docId=CNG.6c9112361ca8ab047a38f11b8af9539f.31

Booming India draws foreign art dealers
By Giles Hewitt (AFP) – 2 days ago
NEW DELHI — India's biggest art fair opens on Friday, pulling in dozens of foreign galleries seeking to tap a new breed of buyers in one of the world's fastest-growing economies.
Now in its third edition, the annual Indian Art Summit has expanded sharply in both size and prominence, with 84 galleries taking part this year compared with 55 last time.
As well as offering rare global exposure for Indian artists, it also provides an exploratory platform for overseas dealers who feel India's booming economy is minting a sizeable pool of wealthy buyers interested in international art.
The number of participating foreign galleries has doubled from last year to 34, with exhibitors from France, Germany, Canada, the United States, Singapore and Japan
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India as a favored Business Investment Destination
http://blogs.siliconindia.com/Investmentinindia/India_as_a_favored_Business_Investment_Destination-bid-XOtrp86F39693565.html
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"We are anticipating a huge market potential as the fast-track Indian economy is bound to create demand for these vehicles. We are yet to finalise the modalities of our agreement and finalise investment plans, but have inked a technical alliance with the Autech Corporation ," said Arvind Dham, chairman , Amtek Auto.
(notice how they are not purchasing American made vehicles)
http://economictimes.indiatimes.com/news/news-by-industry/auto/auto-components/amtek-seals-jv-with-s-korean-automaker-for-specialised-vehicles/articleshow/7331262.cms
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http://www.voanews.com/english/news/asia/Indias-Economy-Rebounds-in-2010-Attracting-World-Attention-112710009.html


It is not just property prices that have risen as the economy has returned to the more than eight per cent growth rate seen in the years before the financial crisis.

Companies are hiring again. Shoppers are crowding malls, and luxury merchandise are entering the country. For the 300 million middle class who are fueling the country's economic growth, the global recession is a faded memory.

India is the world's second fastest growing major economy after China. By 2030, India is projected to have the world's third largest gross domestic product after the United States and China.

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By the end of the year, Marriott International would have introduced six of its portfolio of 23 hospitality brands in India. Each of the brands — JW Marriott, Renaissance, Marriott Hotels & Resorts, Courtyard by Marriott, Marriott Executive Apartments and the to-be-launched Ritz-Carlton — is uniquely positioned for a different type of traveller. In this free-wheeling interview with Preeti Khicha, Marriott International President & Managing Director (Asia Pacific) Simon F Cooper, and Marriott Hotels Area Vice-President (India, Malaysia and Maldives) Rajeev Menon talk about the complexities of the Indian market and how the company plans to strengthen its foothold here.

How is the Indian hospitality market shaping up? What are the key drivers for growth here?
Cooper: The Indian hospitality market is booming. A combination of things is driving this growth. First, the growing prosperity of Indians. Second is the shift from foreign tourism to domestic tourism. Business confidence in India is growing by leaps and bounds. The GDP growth is 8-10 per cent which is fueling a new set of business districts like Gurgaon (in Haryana). All these new cities have offices, and offices will have visitors, creating an opportunity for all segments of the hospitality business.
http://www.business-standard.com/india/news/qa-simon-f-cooperrajeev-menon/422711/
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How's that Nafta free trade thingy working out for ya?

[Disintermedia8]

1. What purpose does it serve

to misdirect the prevailing sentiment against another group of your working class peers in another country? ( I mean besides the purpose of helping draw attention away from the people who are truly our enemies, the transnational oligarchy, who, I can tell for sure appreciates every effort to blame a bunch of brown people for your economic ills)


Country Number of Billionaires
1.United States
422
2.China
66
3.Russia
65
4.Germany
57
5.India
52

[jillan]

2. Wtf - blaming brown people???? What a sad comment. Predictions are that an additional

1 million US jobs will be outscourced to India by 2014 as estimated by the Economist.

3.3 million US jobs total are expected to be outsourced overseas by 2015
http://www.pbs.org/now/politics/outsource.html

Here is a great summary
http://www.rttsweb.com/outsourcing/statistics/

Skincolor, seriously?

[pampango]

3. That's great news. Wouldn't want so many humans not to prosper. n/t

[BOG PERSON]

4. sour grapes

are you actually jealous of your indian middle-class counterpart?