India doubles billionaires

Indians are as good as anyone to take out loan. 100K each say... 1.5b people, 300M loans x 100K = 30 trillion of loans. Why do you think US shares up. Maybe because they positioned well in India and some other places...

saying that do have hesitation to buy into this story as there are some cultuarl issues.
 
Quote from dewton:

actually the US is an ally of both india and pakistan. as you remember, Bush (the conservative) wanted to share nuclear technology with india. the US NEEDS india to become strong with regards to military/weaponry for an effective counterbalance against China. otherwise China can take over the entire region and become too powerful and take over the world and usurp US dominance!
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George Bush wanted to share agriculture technology with India so that India can feed 1.2 billion people. But India wanted nuclear technology.

Also the nuclear technology which Bush wanted to share with India is that of Civilian nuclear technology and not military/weaponry
 
You think Forbes knows it like it really is? There are 100s of billionaires in India. Things work very different in India. Dozens of politicians are Billionaires. Most of the Billionaires in India hide their money in real estates and cash.




Quote from Yuvrajjj:

A buoyant stock market and a still-robust economy have nearly doubled the number of billionaires in India, according to the Forbes' Rich List.

With the stock market having gained more than 75 percent this year and the economy growing at nearly 7 percent, the number of billionaires jumped to 52 in 2009 from 27 in the previous year, just two short of the record in 2007, according to the ranking.

http://www.reuters.com/article/lifestyleMolt/idUSTRE5AI1XW20091119
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Quote from mahadiga:

India will remain a inferior nation because,
I have seen people in India knowingly buying INFERIOR Products & Services because the Trader belongs to his Caste.
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I disagree.. India will not remain an inferior nation.. despite its misgivings. Its a 50 year old economy that has yet to see its better days.

We could say many bad things about the US at the age of 50(e.g. slaves?). Despite all that, it rose based on personal freedom, capitalism and democracy. I see those same things taking India to new heights.

As for the caste system.. It will remain a problem in the backward rural regions, but hell incest remains a problem in the backwood rural regions of the US. whats your point?
 
With personal account deposit bank of $1500 billion in foreign reserve which have been misappropriated, an amount 13 times larger than the country's foreign debt, one needs to rethink if India is a poor country?
http://www.merinews.com/article/is-india-poor-who-says-ask-swiss-banks/137213.shtml

According to the Swiss Banking Association report of 2006-- India topped the world with $1.45 trillion deposits in Swiss banks. Other countries were Russia $470 billion, UK $390 billion, Ukraine $100 billion and China $96 billion.
http://economictimes.indiatimes.com...arkets_via_P-notes/rssarticleshow/3580223.cms
 
India is in hotter climate, it is only reason Indian didn't revolt to its bizarre system. Food is reasonably available to most of people, people are very content to their situations, hard to motivated them to change.

Dare I say this, there is a reason why most highly industrialized(developed) countries are located in colder places, where have decent winter.
 
Quote from 11Blade:

I disagree.. India will not remain an inferior nation.. despite its misgivings. Its a 50 year old economy that has yet to see its better days.

We could say many bad things about the US at the age of 50(e.g. slaves?). Despite all that, it rose based on personal freedom, capitalism and democracy. I see those same things taking India to new heights.

As for the caste system.. It will remain a problem in the backward rural regions, but hell incest remains a problem in the backwood rural regions of the US. whats your point?
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Returnees run into trouble when they “look Indian but think American,”

http://www.nytimes.com/2009/11/28/business/global/28return.html?ref=business&pagewanted=all
 
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