posted by devonwhittle on Jun 25, 2008
India’s rising middle class good for Australia
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Interesting press release from Austrade on the growing Indian market for Australian food products. It seems the Indian Silicon Valley’s rising middle class is buying our goods. I thought it was interesting to see how globalisation has so many interconnected beneficiaries. American businesses cut costs by outsourcing business to India. India gets jobs and expertise built up which leads to a middle class developing. That middle class as a variety of good results for India, but also helps Australian producers by creating new markets to buy their goods. We are all connected.
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