Loote, wage inflation has always been an issue in capitalism since the industrial revolution and it will be interesting to see how these two countries manage this. While both India and China offer tremendous potential, there is a danger with hyping what they are capable of and your comment is a reminder of that. So sticking to objective facts, one trend I have found very interesting is the overseas investment patterns of Indian and Chinese firms. For example, Indian and Chinese firms are vying for oil feilds and oil companies around the world. Indian IT firms were early entrants into the software services market in India and Vietnam. I expect the trend to continue and I am sure we will all continue to monitor it to get a better sense of where these economies are headed over the next couple of decades.