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Comment by jswinghammer | Hacker News Reader

India has structural problems in its' economy that will inhibit its' growth going forward. Japan has been stagnating for decades now and has shown no signs that they've figured out what the problem is. They've become the most indebted industrialized nation in the world paying for stimulus after stimulus while at the same time the Keynesians are telling them they haven't done anything to stimulate the economy.

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Ohh modern economy... It's fun when Nobel prizes go for those that insist in doing what is clearly not working... And just some weeks ago, a notorious Japanese economist says in a interview they figured out how to deal with the stagnation.... (Permanent stimulus!)... Don't they think the japanese are ever going to retire and need a large chunk of this money borrowed to the government? Without positive demographics it's impossible to keep postponing the balance sheet correction forever...

What matters to HN readers is 10% of Indians own 52.9% of the wealth in India. http://www.livemint.com/2010/10/13203814/Distribution-of-wea...

So even though the country at large is poor, 130 million people could become your potential customers, spending on par with other wealthy nations in the west.

Crunch the numbers. According to your article, you have 130 million people with an average net worth of $18k.

In terms of income, the vast majority of those people have real income lower than the bottom 5% of Americans and nominal income even lower.

http://economix.blogs.nytimes.com/2011/01/31/the-haves-and-t...

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