Quote:
Originally Posted by dxb roller  hey mayavi
ok first of all its mathematicly correct but yes ur right in such cases the economic point of view must also be taken into consideration if ur familiar with a bit of eco then you will know about the term price elasticity in the case of high end and low end products(here high end cars) the price elasticiy is relatively inelastic in other words the percentage of change in demand would be much less if compared to the percentage of change in price.
secodn of all i think ur taking this to personaly i mention it right in the begaining im not defying anyone but just doing a comparitive analysis to see on its way to have a great car scene where india has reached
and regarding the exotics part as in why there are with no industrial base, well thats why they have been diversifiying and growing at such a fast rate in the past 4 or 5 years |
As economies develop they move from an industrial base to a Services led industry. In my opinion India in general is 15-20 years behind the developed countries in terms of Infrastructure, Legislation & Law Reforms, Health & Social Welfare.
Dubai in its early stages was built by British Expat Architects and coupled with being a smaller country its planning and investment is bearing fruits. Lets give Dubai the credit it deserves as in a short while it has moved from being a Desert to a holiday destination and many Westerners have invested there; therfore the Exotics spotted in Dubai is as a result of movement in to a Services based industry that also increased the per capita income.
In India a percentage of people have the money but the infrastructure and current reforms are not enough and does not permit a rational decision to invest in a high end automobile unless it is for personal recognition or one is an enthusiast.
I stand to be corrected but this is my view.