text: can india sustain the rapid rise, or will it end up like phillipines?   i think india can sustain this growt, unlike phillipines and china, india has a much stronger infrastructure , the banking system in india is much stronger.   also, unlike japan, labour in india is still cheap and will continue to be soo for a long time, india is also capable of satisfying the general needs of the domestic population. something which japan could not do.  caste system in india is definetly looseining and its effect of commercial india is dminishing. with more and more multi national companies claiming a share to the indian employment market, caste system is no longer a criteria for employment