Somepeoplelisteningmayhavethesameexperiencethat I havethethetheIndianbusinesspeoplethatoneseesthatconferencesorinterviewedoftenonBloombergoranywhereelse.
Onthedigitalfront, ifyoulistentothosepeople, youwouldthink, Wow, IndiaisgoingtobeabletoridethewaveofallthesetechnologicalchangesthatarehappeningaroundtheworldthateveryonefearsIndiaisgoingtocleanup a zaresultofthosechanges.
Well, I meanTherearetwothingstobesaidthatthefirstof, umoneshouldnevertrustwhatpeopleinIndianbusinesssayonlywhattheydoonDDEwhentheystartinvestinginIndia.
Then I willtaketheirclaimthatIndiaIndiahas a brightfuture.
Seriously, wehave a crisis, andprivateinvestmenthasbeenshrinkingforfouryearsas a proportionofGDP, andthatdoesn't appeartohaveclearedupyet, sotheydon't appeartohaveconfidenceinwherethey'reputtingtheirmoney, so I don't believeanythingtheysay.
nocountryinhistoryhasbeenabletoincorporateunskilledpeoplefromtheruraleconomyinto a growingmiddleclass.