squaring our accounts with the west

There has been foreign exchange inflows into the country since sometime now.
Though these exchange inflows are in part dollar earnings and foreign remittances into India there have also been a interest in terms of investments by foreign MNC's in India. Foreign MNC's looking at investing in India bring in foreign capital.

The recent acquisition of Tata - Land Rover and Jaguar is but a change of interest from exports to imports. Which is in effect taking foreign exchange to those countries for the acquisitions.

Exports bring in foreign remittances, while acquisitions take back the foreign exchange to these foreign countries.

We seem to just balancing our book of accounts in the longterm.
Exports does finally lead to imports, in the sense that dollars earned in early stages are finally used to acquire foreign companies themselves in the later stages of the developing economy.

Exports began for us around 1991, in 2008 I think we are looking at Indian acquisitions. 18 years to balance our books.

I guess the furore we hear about call center jobs going to India, will I reckon lead to Indian call centers acquiring foreign firms. I reckon it may not take 18 years to balance that account probably lesser, about 9 years.

Would be interesting to know how long this phenomenon takes, but equally interesting is just as westerns are now making space for Indian and Chinese companies on the world map, whom would the Chinese and Indian vacate space for.

Come to think of it, all empires come to an end.
Rome came to an end with the fall of Constantinople, a time span of close to 700 years. In the 21st century this span has drastically fallen. Maybe to around 50 to 100 years.