Posted by: Riten May 8, 2007
India : Economic Explosion?
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Somehow it is hard to grasp that India will be one of the economic superpowers in couple of decades. Sure the income has risen almost hundred folds and standard of living has approached almost Western standard, but that is true only for privileged few, mostly in the IT circle in and around Bangalore and similar IT hotbeds. A stroll through a village in near Patna or even a town in Pondicherry gives a different outlook. It will take much longer for the national wealth to trickle down there. And, if I am not wrong, most of India is comprised of places like those. This is just my whimsical thought. No scientific "merudanda" is taken into account as I am sure that McKinsey report has.
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