> Buying out a first world competitor is a pretty good move from a 3rd world country
You just called India a 3rd world country ? sigh
You just called India a 3rd world country ? sigh
A second definition of 3rd world is "developing countries" [2]. India still falls into this definition, but it's rapidly approaching "developed country" status.
[1]: http://en.wikipedia.org/wiki/Third_World#Third_Worldism
I don't think India is a developed (what does this even mean anymore) country, nor will it be one in the near future. But I think calling one of the largest economies (4th in PPP, 9th in nominal gdp) as third world a bit simplistic..
So basically, India is not even the better one among third world countries.