Monday, October 29, 2007

The Indian Boom ?

An economic growth rate that has been above 9 percent for the past two years
India's benchmark stock market has crossed 19,000 points for the first time following four record-breaking sessions.
The emergence of more than 100,000 millionaires in India.

Yet

Nearly 40 percent of India's 1.2 billion people must get by on less than a dollar a day, according to the World Bank.
260 million people (26 percent of the population) living below the poverty line.
Almost half its children under 3 years of age are malnourished.
In the last 10 years, at least 40,000 farmer suicides in the country -- indicative of the growing gap between the poor and the rich.

No comments: