[motvbi]

Yes you are right, India and the U.S. have a lot in common. The big difference here in the U.S. is the larger middle class compared to India. The other two big factors are corruption which is much more widespread and the caste system which won't go away anytime soon.

Despite all that I believe India has moved in the right direction in the last 20 years. I couldn't imagine how it would have been if not for the reforms of the nineties, which I personally believe has benefited all. Yes the rich have gotten richer but the opportunities that didn't exist before do now for the middle class and the poor. People don't have to depend on the government to provide jobs.

[intended]

Yeah, the 90s opening of the market crushed the Indian economy and removed a huge chunk of bad companies.

Its good to remember that what stands today, is what was left after being opened up to the big bad world without any assistance. India has built its entire tech base, and IT ability from scratch.