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Originally Posted by [b Quote[/b] (GTO @ July 15 2004,13:26)] Quote: |
Originally Posted by [b Quote[/b] ]
maybe India has progressed in the last 50+ years but the rest of the world (largely far east asia and china) have progressed almost 10 times as fast as India. | Think about it, Chinas auto market was about the same size as ours till a couple of years back. It has long surpassed Indias automotive sales figures and if the current Chinese growth rates continue...2010 will see China as the worlds largest automobile producer!
GTO |
GTO, china is another story. even countries like philipines, bangladesh, srilanka, kenya, etc...have progressed at a relatively faster rate. and talking about china - they are already the world's largest importer of steel as well as the world's largest producer of steel. That means the make more steel than any other country but even this huge production capability is not enough so they need to import.