Indian economy : $1 trillion and counting
The Times of India reports here that the Indian economy (by GDP) is estimated to have crossed $1 trillion (or $4 trillion by PPP). Though this means that India still retains its position as the 10th most industrialized / developed country but in PPP terms it is poised to overtake Japan as the world’s third largest economy.
All this sounds good, but this will be important only if the new found wealth is channelized to improving the lives of all sections of society. Reading the Times of India article reminds me of a recent article by Gurcharan Das in Foreign Affairs.
July 9th, 2007 at 6:46 am
sadly india is not doing any effort to do this
which is clearly making a very deep partition wall that will cause strain on state’s infrastrucutre and also social problems