Tuesday, February 3, 2009

Better to be king at home, than king of the world

Maruti Suzuki posted record sales for January 2009. This is in the eye of the storm, mind you.
The West’s reportage of the recession is skewed towards China, because the West is screwed because of China and vice versa. One imported, one exported and both were rich.
India manufactured and sold at home, while it imported and exported. It has its own market first where its own banks are invested. As a result it has only imported the crisis to the extent to which it dealt with the world. And hardly exported any bad debts. Good on you, India

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