surfer67 - 2:37 am on Feb 17, 2010 (gmt 0) [edited by: surfer67 at 3:11 am (utc) on Feb 17, 2010]
The Indian middle class alone is larger than the entire population of the USA and Canada
Give me a break. What do the Indian middle class earn? $1000/year? I doubt they'll be buying many Ipads. If you believe Indian shoppers account for a larger percentage of online shopping than the U.S you're living in a fantasy land. 80% of the population lives on less than $2/day.
What an incredible lack of knowledge you have about what's really happening in the world
I doubt that you've done much homework on this. India has approx. $2 billion in annual credit card volume whereas the U.S has $1 trillion. They're still almost soley using cash. China is a little higher but considering their size, the volume is puny.
[edited by: surfer67 at 3:11 am (utc) on Feb 17, 2010]