I can't agree more with Andyn. What was PriceWaterhouse doing ? Was PriceWaterhouse in on the corruption or just plain incompetent ? Who are the other clients of PWC ?
Corruption is pretty rampant in India and I think this may be just the begining.
Asif, I was in India last year around this time and spent 2 months around the country. I agree with your assessment on hotels, costing upward of $300-$400. However, I would have to argue that this is a period of weddings is India. Apart from Bangalore, where there is a shortage of hotels I don't think any other big city in India would warrant a increase of hotel rates as I saw. In general prices are inflated and I would think there would be a correction and would be cautious !!
Satyam Shakeout - Barron's [View article]
Was PriceWaterhouse in on the corruption or just plain incompetent ? Who are the other clients of PWC ?
Corruption is pretty rampant in India and I think this may be just the begining.
India: Emerging Market Opportunity [View article]
www.ndtvprofit.com/hom...=
India: Emerging Market Opportunity [View article]
I was in India last year around this time and spent 2 months around the country. I agree with your assessment on hotels, costing upward of $300-$400. However, I would have to argue that this is a period of weddings is India. Apart from Bangalore, where there is a shortage of hotels I don't think any other big city in India would warrant a increase of hotel rates as I saw. In general prices are inflated and I would think there would be a correction and would be cautious !!