With over 1 billion people, India has potentially one of the most successfull economies in the world. Although they are riddled with poverty, their stock market has boomed over the past few months. Just in the month of September, American investors poured in $7.1 billion to the Indian stock market. Investors were skeptical after 2008 when the American stock market failed. After the crash, Americans withdrew nearly $5 billion from the Indian market. Now, their stock market is back, and thriving. 50 years ago, America was on the top of the pile, but as we move forward more and more countries are at the top. With developed countries pouring money into underdeveloped countries, the gap between rich and poor is becoming smaller and smaller, thus, contributing to the "flattening" of the world. Wednesday, October 13, 2010
Indian Gold Rush
With over 1 billion people, India has potentially one of the most successfull economies in the world. Although they are riddled with poverty, their stock market has boomed over the past few months. Just in the month of September, American investors poured in $7.1 billion to the Indian stock market. Investors were skeptical after 2008 when the American stock market failed. After the crash, Americans withdrew nearly $5 billion from the Indian market. Now, their stock market is back, and thriving. 50 years ago, America was on the top of the pile, but as we move forward more and more countries are at the top. With developed countries pouring money into underdeveloped countries, the gap between rich and poor is becoming smaller and smaller, thus, contributing to the "flattening" of the world. 
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