The rising Tiger.....1 trillion is just the start.......
Another great day for the Indian economy. Riding on a high tide the Indian economy breaks another barrier of 1 trilion. In present day world a billion is neither here nor there for some individuals. There are 946 billionaires in the world, including 14 Indians. The richest, Bill Gates, is worth $54 billion. These days, talk is about trillion-dollar economies, of which there were only 10 till last week when New Delhi cashed into the club. India, whose GDP (the value of all final goods and services produced within a nation in a given year) was thought to be in the $700 billion-$800 billion range, has leapfrogged to its first trillion (a 1,000 billion), stomping all over a weak dollar, which has tanked from a peak of almost Rs 49 to less than Rs 41. It’s great to belong to the $1 trillion club, until you divide it by a billion people, which gives us a per capita income of $1,000 (less if you estimate our population at 1.2 billion). That puts us at around 128th in the world, betwe...