The only profitable business now might be, creating an econ blog with a heavy dose of humor and online advertisements...
Meanwhile, last week one person told me this," India is going to see a massive boom of growth after 2011, say from 2012 to 2020, with growth rate even reaching double digits. That is the only period of hope when we can become hopelessly rich. So, we need to somehow survive these next 2 years..."
I asked why he thinks so.
He replied,"It's because once US comes out of this recession, it will rely heavily on India for its imports. US is a country which lives on debts by always relying on some other country to save. They first did it with Japan in 80s, then they did it with China till now. So once they come out of recession, they'll look for a new scapegoat which most probably will be India. Because by that time, China would've got the taste of spending and hence might not be an exporter as it is now"
I was quite intrigued by this line of thought as i was hearing it for the first time.
And today, read an article titled,"Chinese savings helped inflate American bubble".
btw, read one interesting article in "The Mckinsey Quarterly, Industry trends in the downturn : A snapshot" and this is my favorite one from Consumer goods perspective,

and just for the record, i am no Econ or MBA by profession, but a mere techie at the end of the day...there shall be no misconceptions on that fact :) :)

