Friday, October 8, 2010

So we are big economy! What is new in this news?



    NEW DELHI: As per the news India's robust economic growth is likely to drive the country's fortune to a whopping $6.4 trillion in the next five years, reflecting a nearly two-fold jump from the country's current wealth, says a report. 
    According to the Credit Suisse Global Wealth Report published for the first time, the total wealth of India has trebled in a decade to $3.5 trillion. By 2015, the country's wealth could nearly double to $6.4 trillion.
    Meanwhile, in terms of the countries generating maximum wealth, the US has emerged as the topper with the total of $54.6 trillion of household wealth followed by Japan at $21 trillion and China at $16.5 trillion.
    These figures are mindboggling for me, honestly. I just remember my old days when I was a kid who would listen the news on 'Aakashwani' that India has requested for approval of some loans from different interantional agencies and countries. It  was frequent news then and I thought we Indians were like that only; irresponsible.
    Not much time has passed that I listen; India is fourth largest economy, GDP rate is in double figure, India the best market place to invest, Per Capita Income has been to never before level; Sunsex knocking at 21000 level;  it sounds music in the ears.

    I am happy whenever I go through such type of news. Thought I should pen it down.
    This moment I just want to remember one old guy from Pakistan who like any other paki, loves to be in the state of denial. Funny part with them is that it does not bother them that they are being ruined economically but it definitely bothers how India has establishing itself internationally. They know that they have failed but they won't leave any stone unturned to prove that India too is a failed state.
    I remember my grandmother who told me this first; when your neighbours are jealous of you, be sure you are on the way of progress.