China is already pursuing such a two-track policy with great success: she has been able to corner the export market with low-cost products built with slave labor at govt-owned factories in order to build up a huge forex war-chest to further her global ambitions; and two, encouraging domestic consumption - not only is China's GDP five times larger than India's, but her per capita income is almost six time that of India's, allowing for greater levels of domestic consumption of not just locally produced cheap goods,but even imported ones. India is still stuck in her socialist past with high taxes on consumer goods, which only serves to further retard the growth of the doemstic consumer market. With the luddite socialist idiots running this poor land, the chances of any mass-consumer economy emerging anytime soon seems rather dim.
