Hi,
Car is going to be a reality soon to the average Indian - please refer to the article http://www.rediff.com/money/2008/jan/04tatacar.htm. If this car becomes a hit, it will have several implications on not just the markets and the Indian economy in general, it will even influence the lifestyle of the modern age Indian. It will sure put a lot of pressure on the governments to improve the infrastructure. Consumerism is definitely the trend that has started in India with the retail boom that is currently happening - http://www.newswiretoday.com/news/16691/. All the dollars converted by the Indian software and BPO companies are gonna dance around the markets. Soon I can imagine the lifestyle of the Indian middleclass consumer. He will set off on his Tata car with his wife and children, plays the regional FM radio, drops by Big Bazaar to buy stuff - fills up the car with stuff, goes to watch a movie. More people may use car to travel shorter distances. Like in the western world, people would rather prefer to drive a car for a 2 hour travel, rather than take a train or a volvo bus. What other implications do you see?
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