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Reuters — India says electrified all villages ahead of prime minister’s deadline

Summary:
This is a big deal. Rural electrification made huge difference in the US less than a hundred years ago. We now take for granted.This is a sine qua non for becoming a developed country.India rising.While the West has a class system,  India has a caste system. The class system is insidious since it is invisible, but the caste system is highly visible and structured in long standing tradition with scriptural roots. This obstacle cannot be address by throwing money at it.ReutersIndia says electrified all villages ahead of prime minister's deadline

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This is a big deal. Rural electrification made huge difference in the US less than a hundred years ago. We now take for granted.

This is a sine qua non for becoming a developed country.

India rising.

While the West has a class system,  India has a caste system. The class system is insidious since it is invisible, but the caste system is highly visible and structured in long standing tradition with scriptural roots. This obstacle cannot be address by throwing money at it.

Reuters
India says electrified all villages ahead of prime minister's deadline

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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