andyn

China and India's Growth Just Currency Related Illusions?

Maybe true for China but not India. Actually, for India, the facts are that the currency was appreciating and NOT undervalued. The Rupee went from around Rs. 49 to 1USD to almost Rs. 38 over the past 18 months. (its now weakened back to Rs. 43 as of July 7). I think once high oil prices pullback, India should be back to about 7-8% growth for decades. I would buy EPI and stay invested there.