Friday, August 05, 2005

Are we there yet?

TOI [on 5 August] has a posting titled "India Drowning", with an array of pictures from the recent floods in Maharashtra and other parts of India. This dreadful incident has killed over a thousand people, bringing losses worth more than Rs.10,000 crore ($2000 million) to the Indian Government.


58 years of Independence and we are still struggling with our infrastructure needs. But, I will be an ignoramus, if I fail to note India's accomplishments.

India has an economy ranked as the tenth largest in the world [in terms of currency conversion] and fourth largest [in terms of purchasing power parity]. It recorded one of the fastest annual growth rates of around 8% in 2003, and it has only got better since then. Bangalore, known as the 'Silicon Valley' of India, is a hub to many multinational corporations. It facilitates operations for over 200 global IT firms and is a growing base for Biotechnology. Only 58 years of Independence and we are already [owing to a large population] ranked 120th by the World Bank.
(Note: The statistical content in the above post is cited on Wikipedia)

13 Comments:

At 10 August, 2005 22:32, Blogger rajbir said...

nice to see an optimistic view on india. India is probabaly the most ressilient nation in the world, it gets through everything, from the plague, to floods to scandals, we really do take it a day at a time, and forget the previous.

We would soon have forgotten the floods, and mumbai would move onto another day

 
At 11 August, 2005 19:01, Blogger Manish said...

As someone rightly said "I wouldn't be affected even if thousands are killed but will surely drop a tear if one of them happens to be someone I know."

 
At 16 August, 2005 13:55, Blogger Sray said...

bringing losses worth more than Rs.10,000 crore ($2000 million) to the Indian Government

The losses are to the Indian taxpayers, and not to the Government.

Just a thought.

 
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