The New US Strategic Partner is Good for Business
And very good for commodities. I'm talking about India. With congressional approval of a new deal that gives India the right to buy fuel, reactors and other technology to expand its civilian nuclear program, the US hopes to balance both regional heavyweight China and potentially bedbug-crazy Pakistan.
But since India's economy is growing at over 8% a year -- with more American IT jobs flowing to India all the time -- this is a partner that can afford to pull its own weight. Then next items on the table include over 100 new fighter plans and an $11 billion Boeing deal for 68 commerical airliners.
And then there is putting the "softs" in software -- soybeans, soybean oil, wheat and more.
The New York Times has a story on the nuclear deal and what comes after HERE.
But since India's economy is growing at over 8% a year -- with more American IT jobs flowing to India all the time -- this is a partner that can afford to pull its own weight. Then next items on the table include over 100 new fighter plans and an $11 billion Boeing deal for 68 commerical airliners.
And then there is putting the "softs" in software -- soybeans, soybean oil, wheat and more.
The New York Times has a story on the nuclear deal and what comes after HERE.
Check out my new gold and energy blog at MoneyAndMarkets.com
posted by Sean Brodrick @ 4:27 PM
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