it has long been suggested that foreign firms in india do make returns greater than their cost of capital; while those in china find all their profits siphoned off by their han 'partners', so that they are effectively not breaking even, decades after they entered. and they have been strip-mined of their intellectual property as well.
by that measure, india is far better a bet than china is for FDI. the only hassle is the vodafone-type garbage that the congress dreams up periodically (yeah, nothing like a 50-year retroactive tax to put a smile on the face of the punters).
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