30.6.04

The Times of India : India shining, Economy second only to China

NEW DELHI: The economy surged 8.2 per cent last fiscal, at marginally better rate than 8.1 per cent Central Statistical Organisation had forecast in February, placing India as the world's second fastest growing economy after China's 9.8 per cent.

The 2003-04 growth that came riding bountiful monsoon rains was the fastest in 15 years and against a meagre 4 per cent growth in the drought-hit 2002-03.

I do have ideas about the pictures of the future. I do have ideas that the world is going to move forward slowly, and hopefully, less painfully into the future as these giants of worlds come into their own in the world economy. Now when I say into their own, I do not mean any disrespect to either of them as they are some of the largest economics in the world and the first and second largest countries in terms of population...they are beasts to be reckoned with on all levels. What I mean, is that as the middle class rises and increases in size then these nations will explode due to extraordinarily huge demands for product based simply on the fact that they have disturbingly large populations that point direction to futures with even greater numbers on all fronts...population and economics. Things will evolve beautifully in this world. I can't wait for it all...If I'm alive still and all... :-)

0 Comments:

Post a Comment

<< Home