India's a bubble
A New York Times op-ed points out that while India's touting itself as the new Silicon Valley, at best it's a cheap knockoff. For example, half of India's children are malnourished, and the economy wouldn't reach first-world standards at its current rate of growth until 2106.
Most damning are the figures around India's "new economy" of IT work — just 1.3 million of its 400 million workers are in IT and business processing. And the Indian business stars the American press pimps, such as losing state chief minister candidate Chandrababu Naidu, are no match for a dissatisfied lower class.
But on the up side, the Indus Valley learned one thing from Silicon Valley — no matter how bad things really are, always act like tomorrow's your big break.
