Marc Faber : on India vs China

Marc Faber :"India's long term economic growth should get supported by its huge and growing population. But in the case of China, after it's really incredible economic growth over the last 25 years, the country will slow down. For China, 10 per cent economic growth rate is not sustainable in the long run. India has been built up on much lower level of economic development and has the large growth potential. So far in India, infrastructure has not been put in place, I mean the country's infrastructure has improved but still needs to go a long way. And unlike China, the consumer markets in India are not saturated. For instance in China everybody already has mobile phones and refrigerators. But in India, markets are still not saturated therefore the growth potential is high probably for the next ten to fifteen years."
via smartinvestor.in