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India is going to leapfrog like Japan did in 1960s: Ramesh Damani

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India is going to leapfrog like Japan did in 1960s: Ramesh Damani
https://economictimes.indiatimes.com/markets/expert-view/we-are-in-a-bull-market-india-is-going-to-leapfrog-like-japan-did-in-1960s-ramesh-damani/articleshow/71215782.cm

We are in an exciting time because every bull market tells a story and the story of this bull market has been that India is going to leapfrog like Japan did in the 1960s when it went from a third world country to a first world country.

Japan was a technologically advanced, industrialised country well before the start of WW2.
 
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India is going to leapfrog like Japan did in 1960s: Ramesh Damani


Yes maybe 3-7% of the Indian population will leapfrog with the help of 93-97% lower class masses.


Indian middle class is 3% or 40 million of Indian population.

According to Deutsche Bank Research, there are between 30 million and 300 million middle-class people in India. ... Indian middle class is 3% or 40 million of Indian population. Its also considerable that India homes some of the world's richest persons with overflowing wealth while some/many residents are extremely poor.


https://www.economist.com/briefing/2018/01/11/indias-missing-middle-class
 
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Yes maybe 3-7% of the Indian population will leap frog with the help of 93-97% of lower class masses.


Indian middle class is 3% or 40 million of Indian population.

According to Deutsche Bank Research, there are between 30 million and 300 million middle-class people in India. ... Indian middle class is 3% or 40 million of Indian population. Its also considerable that India homes some of the world's richest persons with overflowing wealth while some/many residents are extremely poor.


https://www.economist.com/briefing/2018/01/11/indias-missing-middle-class

The Indian state is exploiting its large population, and creating a few rich and many slum dwellers. A classic example of imbalanced wealth sharing.

The world haplessness (happiness) index paints a clearer picture of the concerns and underlying perceptions of its people.
 
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Japanese fought in WWII. They were technologically advanced in those days.. After WWII, Japanese focused only on industrial growth as they were no more concerned about their defense due to various defense pacts.

They were, and still are, very cultured, hardworking and honest people. They didn't have territorial disputes that required them to maintain a minimum force.

Size of Japanese industrial complex could be estimated by looking at how many air planes they built during and just before WWII. They built over 83,000 aircraft between 1935 and 1945. In 1960s, they were further advanced technologically..

India is nowhere near Japan of even 1950s-60s,
 
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The Indian state is exploiting its large population, and creating a few rich and many slum dwellers.

A classic example of imbalanced wealth sharing.


Yes true..it's a free for all, race to riches.

Big conglomerates, the likes of Ambanis and Adanis, Birlas and Mittals are milking and fleecing the 1.35 billion folks through exploitation and crass corporate culture, crony capitalism.

Similarly high caste Brahmins are making the most of the Apartheid Caste and Creed and lower caste are toiling for the whole life without any result.

India has a perfect apartheid system in place.
 
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Yes true..it's a free for all, race to riches.

Big conglomerates, the likes of Ambanis and Adanis, Birlas and Mittals are milking and fleecing the 1.35 billion folks through exploitation and crass corporate culture, crony capitalism.

Similarly high caste Brahmins are making the most of the Apartheid Caste and Creed and lower caste are toiling for the whole life without any result.

India has a perfect apartheid system in place.
You might find this article interesting.

https://www.theguardian.com/comment...-democracy-narendra-modi-donald-trump-america
 
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It is not easy to bull*hit a man like Manmohon Sing. However, it is very easy to sell this BS to a chaiwalla. I wonder what books they are going to cook this time !
 
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