India finally realizes what a blunder it committed by becoming a trading nation rather than a producing nation - India headed for a severe economic depression from US depression
Harish Baliga
Feb. 3, 2008

Since the 1990s India has transformed itself into a trading nation instead of a producing nation. Indian oligarchs bring in western goods and services and packages them to sell the same to hungry and poor native Indians eager to get a piece of the ''American Dream''. It sells men and women to the American and European companies by the name of Information Technology and Business Process Outsourcing. It is nothing but slave trading of the present age.

With the American economy in a severe depression, India Inc. is getting wiped out. These Yuppies on the ''High'' Indian oligarchs even bought American and European companies. They will soon find they lost it all as the Western world is faced with economic meltdown and depression.

"The American economy is collapsing and it is going to be a big issue in their election. It is telling upon the world economy and will also affect India to some extent," Union Labor Minister Oscar Fernandes said inaugurating the annual Change Management lecture series in Kochi.

Efforts should be taken to see that India becomes a producer country and not a trading country, he said.

India finally realizes what a blunder it committed by becoming a trading nation rather than a producing nation - India headed for a severe economic depression from US depression
Harish Baliga
These Yuppies on the 'High' Indian oligarchs even bought American and European companies. They will soon find they lost it all as the Western world is faced with economic meltdown and depression.
READ MORE>>

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