India is make a $2000 car that might be sold for $4000 in US, a cheap cell phone, and a $20 laptop. If everything goes cheap, that means we can buy more stuff or junk so we can save more money. Actually this may hurt the economy if our savings rate stays at the new 4%. There goes capitalism for the world...
It is also the latest example of ultra-cheap engineering to emerge from the sub-continent. India has already given the world a 100,000 rupee (£1,420) car, the Tata Nano, and a super-basic £10 phone — goods that are now expected to find favour among relatively affluent Westerners as the global economic downturn bites.
However, the launch of a viable computer that costs less than most paperback books would herald a startling new era in thrifty manufacturing. The Indian laptop, which has been on the drawing board for at least three years, will be the centre of attention at the launch of India's new National Mission on Education through Information and Communication Technology, a scheme to boost learning in rural areas through the internet.
Last edited by Wesley; 02-02-2009 at 01:43 PM.
CFH HMagic bball season.
Let my fred's Four Horsemen ride.
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