What a difference                                                                                                                                 

Asia

Thursday, August 17, 2006  by Toni Straka The Prudent Investor .

                                                India - What A Difference 25 Years Can Make

 Some Micro Impressions
 

  • 25 years ago it was the norm to wait 8 years for a telephone line and a 3-minute international call was $5. Today it took me 15 minutes and less than $20 to get a SIM card for my mobile, 500 minutes local talk time included (international calls are 30 cents per minute, cheaper than in Europe.)

  • 25 years ago Indian airways was the sole domestic carrier. Today you can choose between 10 private and low-cost carriers.

  • 25 years ago there was no Coca-Cola. Today environmentalist groups may succeed in a new ban of the brown liquid because of pesticide levels that exceed Western standards.

  • 25 years ago it took an hour and up to 17 forms to cash a travellers cheque. Today it is done in less than a minute.

  • 25 years ago a typical lunch cost 5 Rupees or a half-dollar. Today it is 25 Rupees - or still a half-dollar. Inflation! What inflation?

  • 25 years ago there were no foreign brands and Indians had the perception that all locally made goods were inferior. Today you can get whatever you want - and Indians have found out that foreign does not always mean better. A long list of Western and Japanese companies that have failed to satisfy the needs of one billion incredibly quality-conscious consumers and consequently faltered shows that Indians cannot be fooled for long.

  • 25 years ago I could not have ordered a Tanqueray & Tonic but only “3 Star Whisky” that made you blind. OK, attribute this to my holiday mood.

Toni Straka

 


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