Everyone is busy complaining about how expensive a 3 Series or an Accord is in India. How important is that to 99% of the country? Compare the cost of living abroad and in India. I pay $2.75 each way to use the bus in Toronto. BEST has never made me pay for than Rs. 14. Look at the cost of vegetables, of oil, of things that 99% of India really wants and needs. I live fairly close to the airport and pay $40 for a cab to my home. Same thing in Mumbai isn't more than Rs. 250 ever. I pay 300 to get my car washed everyday by hand. I believe a single carwash in Toronto is around $10.
Also, its not just about Tata and Mahindra but most industries in India that have really profited from protectionism. Do you think Big Bazaar or for that matter your local grocery store would be anywhere if it had to compete with Walmart from Day 1? Today Big Bazaar is in a position to compete with Walmart in India and thats what it is doing. Its not just these few companies here and there but almost every one of us that was into business in before the economy opened up was given a chance to prosper and develop ourselves during this period.
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Adhish आधीश् ஆதிஷ் ادهش
adhish.wordpress.com
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