India 'diverts funds for poor to pay for Commonwealth games'

[Med911]

@hhunaeh

I said “India actually has rich, middle class and poor people. The presence of the rich and the middle class is not an cosmetic appearance. The foreigners are here to do business with the rich and the middle class. The phirangs are not a bunch of fools to fall for cosmetic appearances when billions of dollars are involved. They need a functioning and strong economy to do business in. Such an economy flourishes mostly in a stable democracy and India has one.”

I said “the reason India is appealing to investors despite open knowledge of its poverty is because it has a critical mass of middle class that the west can deal with. And the kind of economy that allows such business to take place thrives mostly in a stable democracy. I never said economies cannot exist in other cases. You are misinterpreting just to suit your own arguments.”

I say again “the reason India is appealing to investors despite open knowledge of its poverty is because it has a critical mass of middle class that the west can deal with. And the kind of economy that allows such business to take place thrives mostly in a stable democracy. I never said economies cannot exist in other cases. You are misinterpreting just to suit your own arguments.”

Who said it was an accomplishment? I just said it is a fact that Indians have a large enough middle class for the foreigners to do business with.The way you keep talking about “accomplishment” that nobody’s claimed shows that you have a problem with some facts.

It is not marketing. If it was not stable enough for them, why would the investors come to India?

What sort of investment are you referring to exactly, that thrives more robustly in a democratic setup?
From my understanding, India’s democracy has created a number of hurdles. Your Bureaucracy is infamous.
I dont believe stable economy really depends on a flourishing in democracy, as there are number of examples where the economy has flourished without a proper democratic system in place. Democracy may be helpful in the long run, but is it essential to gaining investment? Certainly not.
There are many countries with a middle class. Indias only appeal is its relative size. Again has nothing to do with its democracy or its supposed stability. If tommorow Indias democratic system collapsed only to be replaced with a relatively stable dictatorship, investors would still show up, just to cash in on the population.

Its Indians that claim their middle class is some grand accomplishment.

There are many countries that are “stable enough” who still dont get very much investment. Infact, many of these countries have environments that are far more inviting for investors, with less corruption, and are simply easier places to do business, yet they dont get nearly as much investment. Chalk the difference up to Indias huge population and smart marketing.