Video: Slumdog Retail Sales

As you probably guessed, the tough retail environment in the US is not unique. Even India’s growing economy is having issues. Check out this news report from NDTV out of New Delhi.


1 Response to “Video: Slumdog Retail Sales”

  1. 1 Alex March 6, 2009 at 10:27 am

    I am not at all worried about India’s economy long term – short term india might have a hiccup. As the young, global citizens of india learn english and basic analytical skills, we will see more outsourcing overseas of basic day-to-day tasks that many americans currently perform. This will happen by 2015 and in 2020 you will see the majority of basic mundane tasks performed overseas. This increase in dollars flowing overseas will continue to increase india’s middle class, and thus there will be a large demand for middle-income products (basic cars, basic homes, but mid-level goods). The middle class is clearly increasing and many indian corporations are growing in size – almost to the point where they will be making large american offices and hiring american workers to work for them. But the 2nd part of the video talked about corruption – another major problem for india that needs to be solved ASAP.

    first on the agenda – how to stop americans from laughing everytime they hear an indian accent?

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