Thursday, August 30, 2007

India spent $14bn on Cars in 2007...

Is it not a huge amount, by any standards...yes, but the most alarming thing is that it is poised for a 5 fold increase in another 8 years which will be $100bn approx. It includes cars, parts & accessories, etc.

The big question is...will our infrastructure see a 5 fold increase in these 8 years.

All these manufacturers want to squeeze the bubble called indian economy. but, as indians we want our economy to last long and grow. we don't require more cars, but more of infrastructure first. Once, infrastructure comes in, then automatically others will follow.

Now, we are seeing the reverse of it. We are getting dumped with cars, without any increase in roads.
More aeroplanes are coming to our country, but the airports are pathetic.

Let us think.

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