Mention areas where china edge over india
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While the US car industry is emerging from its recession-induced doldrums, government incentives to create local jobs are prompting some American manufacturers to reverse outsourcing decisions. Across the Atlantic, weak fourth quarter results indicate that the sovereign debt crisis is having a lasting dampening effect on the economy in the euro zone, which could create ripples across the globe.
In India, despite near-term threats, the potential of the domestic car market will continue to attract manufacturers, and in turn, cash-rich companies will increasingly look to make investments in the US and Western Europe in the next 5-10 years.
In India, despite near-term threats, the potential of the domestic car market will continue to attract manufacturers, and in turn, cash-rich companies will increasingly look to make investments in the US and Western Europe in the next 5-10 years.
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