59 Years of the Republic: Momentum of the Last Decade
India entered into a new phase of rapid growth beginning late ‘90s.
How much ground the country covered since 1998?
The list below is certainly not exhaustive…
Courtsey researchwikis.com
Feel free to add...
How much ground the country covered since 1998?
The list below is certainly not exhaustive…
- Explosive growth in telecom– from 18.6 million subscribers of telephone lines in 1998 to almost 384.7 million by the end of 2008, a TWENTY times growth (second only to China). Didn’t we invent a new social communication protocol …give me a missed call?
- Robust economic growth: National Income went up by 223% since 1998 pushing India to the 12th rank in the top 20 economies in the world.
- International Player…first time..country was invited to the Forum on tackling global economic downturn in Nov last.
- Rise in High Net Worth Individuals (HNWI: net asset exceeding $1 million) grew worldwide by 8.3% in 2006. In India they mushroomed at 20.5% in 2006 and 22.6% in 2007.
- Super Rich…Top 4 of the 8 were Indians (WSJ: 2008). 53 Indians jockeyed into the Forbes List of 1125. Interestingly 25% of the wealth of Indian Uber Rich came from the SELF MADE entrepreneurs!
- Driving more cars to earn Bush’s wrath for being the (?) culprit in global pollution along with China! Cars on the Indian roads more than doubled (238% ) in the last decade. This lead to a very (oil) thirsty India that gulped larger share of fuel..from 1.5% of the world’s consumption in 1998 to over 3.1% in 2008
Courtsey researchwikis.com
- Chandrayan, an unmanned mission to Moon...A Small step… or a Giant one?
- World’s backoffice, Knowledge process, Business process..the works. India is the dominating star of global outsourcing, cornering (approx.) 80-85% of the world's offshore market.
- The only country outside NPT to get Nuclear Deal with US… publicly.
- And after the beast, the beauty: 1994 : India bagged both Miss Universe and Miss World Crowns repeating the feat in 2000 again (another Miss World coming in 1999). The World took a notice after a long slumber since 1966 ...
- Multiple terror attacks; last one on the scale of NY, London, Madrid
- Satyam joined the (in) famous queue of global corporate scandals
Feel free to add...
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