10 Ways India is Changing the World:
1 - Spending More
Since 1996, the number of Indian passengers on airlines has increased sixfold, to about 50 million travelers a year. Sales of cars and motorcycles have doubled.
2 - IT Farming
India's Internet-technology industry (which includes other outsourcing services) generated $36 billion in 2005. That's up 28% from 2004.
3 - Producing the Rich
A surging stock market has boosted the number of Indian billionaires to 23, 10 of them are new this year. This compares with eight new billionaires in China. India's billionairs boast a combined net worth of $99 billion, an increase of 60% from the previous year.
4 - Growing
India's GDP went over $800 billion in 2005. The economy has grown on average 8% in the past three years. That is the second fastest rate in the world.
5 - Bollywood is number one
India's $1.5 billion film industry is the largest in the world, both in number of movies produced and in number of tickets sold. India makes close to 1,000 movies a year. That's about five times what Hollywood produces.
6 - Tourism
Tourism in India has risen about 20% over the past two years. Over 600,000 Americans went to India last year. And that was only about 15% of India's visitors.
7 - Sending Their Best
About 2 million people of Indian descent live in the U.S. The average household income of the Indian immigrants in the U.S. is higher than any other ethnic group.
8 - Multiplying
Home to more than 1 billion people, India accounts for one-sixth of the world's population. In less than 50 years, it is expected to be the world's most populous nation.
9 - Health Crisis
India has more people living with HIV than any other country, approximately 5.7 million people.
10 - Becoming Number One
India is behind China in GDP and foreign investment. But India is freer and it is also growing faster. That may well give it the advantage in the long run.
Sources: World Bank UN; McKinsey & Co.; PriceWaterhouse Corp.; Time; Forbes; and the Gov. of India.
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Thursday, November 4, 2010
10 Ways India is Changing the World:-
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