India rising is not a false story, a tour of the country showcases the growing prowess of India. India now has the 5th largest forex reserve ($261 Bn) rising @ 4.5 Bn per week, in another will move to 4th spot. On PPP parameter, has the 4th largest economy. This year's outlook for growth has been pegged at 8.5%.The population BPL is decreasing consistently. Literacy rate is going up, and other social indices are also improving fast. At long last India seems to have discovered the formula to progress fast. Definitely later half of 21st century will belong to India- then probably our expats will sing 'jahan daal daal par suneki chiriya karti hai basera, woh bharat desh hai mera' :)
Businessmen don't hoard the money they make, it is circulated to create more wealth, investment, employment, export and quite a portion gets percolated to the bottom. Ambanis, Narayanmurthys, Mittals do business with an attitude of abundance, they can think big and plan & execute well. We should not forget that 1/5 of humanity lives in India; which has la disproportionate share of the land. I think we are doing fine as a young country, who was exploited for centuries. Corruption, poverty, etc etc will go away over a period of time. Vive l'Inde. On Oct 31, 2007 6:44 AM, Ankur Bora <[EMAIL PROTECTED]> wrote: > > > The newitem on child labor was highlighted not on the merits or demerits of > this practise.This news in contrast to Ambani's richness was to illustrate > the mainstream media's obsession with a false sense of development and > progress. Even with rather flawed and manipulative indexes, the Planning > commission estimates a quarter of the country below the poverty line. If the > average per capita per day expenditure of Rs.11.60 is doubled, we have a > staggering 80% below the poverty line. India having the highest maternal > mortality rate, really low human development index and more such news seldom > occupy main pages of the dailies. > > In most cases these issues are not an insurmountable problem, if the > government puts in an effort to solve it. The Indian government effective > October 10 2006 , enacted a law to ban domestic work and some other forms of > labor by children under age 14. However there is hardly any political will > to initiate the implementation. The mainstream media have a tendency to > highlight India shining while putting these issues on the back burner. Many > times this obsession masks serious social and economic issues that concern > many communities and the country as a whole . > > Ankur > > > > > > > > > > uttam borthakur <[EMAIL PROTECTED]> wrote: > > > There cannot be any issues in Mukesh Ambani becoming the richest man in the > whole world. Someone has to be. The same order that catapults someone to > unbelievable wealth, pushes others to child labour. I have been told that > some changes are coming in the world banking system by January and the surge > in the Indian Markets is a consequence of that. I do not haver any insider > information and so I do not know whether it is correct. Mukesh Ambani > happens to be in the right place at the right time. > > Whether child labour is good or bad is an ethical issue. The position a > person takes in this respect would depend upon his values. That is a very > individual decision. But the question is: what is the generally accepted > view ? It may be correct or it may be wrong. Only efflux of time would > settle these types of isues. > > Manoj Das <[EMAIL PROTECTED]> wrote: > There is another side to the child labour issue. > > There was some report that the rescued children had no regret for > working in such factories. In an over populated country like India, > where every household has many mouths to feed from one income, > children has to work. For example in Kashmir children are actually > apprentices who become master crafts person once they become old > hands. Now in a country like India, if they are not put to work, they > will either turn into urchins, vagabonds, beggars or drug addicts, > > If govt. wants to seriously abolish child labor, education, social > infrastructure has to come first so that these children are kept > occupied gainfully. Otherwise mere rescuing them from factories will > not serve any purpose. They are bound to take wrong paths, after a few > days of media glare is over. > > -mkd > > On Oct 30, 2007 9:07 PM, uttam borthakur wrote: > > We do as all prisoner do, we cultivate hope. > > > > [EMAIL PROTECTED] wrote: > > I second the hopes. > > > > cm > > > > > > > > > > ---- uttam borthakur wrote: > > > Mukesh Ambani is the richest person. > > > Mr. Pachauri got the peace nobel. > > > We got to be proud. > > > > > > But in our town, we have to queue up from the morning till night to get > a > > cylinder of cooking gas and that too at prices unaffordable for the middle > > class.(What was Rs.300/- has become Rs.500/-, comaparatively speaking) The > > cost of piped water per unit has been hiked by more than two times (What > was > > Rs.8/- per unit has become Rs.18/-, comparatively speaking). > > > > > > We hope, the achievements of the above two would lead us to redemption > in > > so far gas and water are concerned. > > > > > > Ankur Bora wrote: > > > Along with Ambani's Richness , Ironically the following new is also > > headlined prominently today. > > > > > > Indian 'slave' children found making low-cost clothes destined for Gap > > > > > > Child workers, some as young as 10, have been found working in a textile > > factory in conditions close to slavery to produce clothes that appear > > destined for Gap Kids, one of the most successful arms of the high street > > giant. > > > Speaking to The Observer, the children described long hours of unwaged > > work, as well as threats and beatings. > > > The discovery of the children working in filthy conditions in the > Shahpur > > Jat area of Delhi has renewed concerns about the outsourcing by large > retail > > chains of their garment production to India, recognised by the United > > Nations as the world's capital for child labour. > > > > > > Partha Gogoi wrote: > > > > > > a report on the Indian stock market...... > > > > > > http://www.rediff.com/money/2007/oct/29mukesh1.htm > > > > > > > > > QUOTE > > > "Billionaire Mukesh Ambani on Monday became the richest person in the > > world, surpassing American software czar Bill Gates, Mexican business > tycoon > > Carlos Slim Helu and famous investment guru Warren Buffett, courtesy the > > bull run in the stock market. > > > Following a strong share price rally today in his three group companies > - > > India's most valued firm Reliance Industries [Get Quote], Reliance > Petroleum > > [Get Quote] and Reliance Industrial Infrastructure Ltd [Get Quote] - the > net > > worth of Mukesh Ambani rose to $63.2 billion (Rs 2,49,108 crore). 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