Wednesday, March 26, 2008

India Rocks!

1. NEW DELHI--India, which added 8.53 million new mobile users in February, is set to become the second-largest wireless market in the world after China by April 2008. India had 251 million wireless users by the end of February, compared with 256 million in the U.S. and 540.5 million in China. By April, India will pass the U.S.

2. Globe Overturned: India Owns Jaguar, Land Rover: The British empire was turned on its head today: With Ford Motor Co.'s announced sale of Jaguar and Land Rover to India's Tata Motors, the ownership of two of Great Britain's legendary motor marques will pass this year from one former British colony to another. This isn't so much a story of globalization as it is a tale of the globe turned on its axis.

3. Forbes 2008 Billionaires: India now has 4 of the world's richest 8 billionaires, more than the U.S. (only 2 in the top 8). Consider that in 1997 India had no billionaires in the top 100, and in 1998 India had only one billionaire in the top 100, and just barely - Lakshmi Mittal ranked #100.


At 3/26/2008 6:50 PM, Anonymous Anonymous said...

I no longer like India. The Times Of India refused to post a smart aleck comment I left about the Chinese. So there India...

Does it really matter how many billionaires India has today? They also have terrible poverty. They have a caste (I think the spelling is correct) system that keeps people down while it helps other people. Nice system if you find yourself on the right side.

People from India are very nice and now I guess some are very rich.

Nobody likes money more than I do. But Mr Perry...having lot's of billionaires is not the end all and be all of a great country, of life, or anything else. If you ask the majority of people in India.....Does India Rock? If they are not too weak from starvation maybe you will get an answer.

The Masked Millionaire

At 3/26/2008 8:24 PM, Blogger Mark J. Perry said...

Masked Millionaire: The top ten billionaires in India run companies that employ almost one million people, mostly in India. The rich are getting richer, and the poor are getting richer.

At 3/27/2008 1:41 AM, Anonymous Anonymous said...

Mark, that is quite simply not good enough.

Do you want to make more money? I thought so, here is a dollar. That's more money.

Saying the poor are getting richer is just plain wrong. Even if they are making more money they aren't getting richer. They are still poor.

At 3/27/2008 10:39 PM, Anonymous Anonymous said...

As Milton Friedman once said "The lesson of history is crystal clear. Capitalism is the only system so far invented by man for raising people out of poverty".

For decades, Indians have lived in abject poverty the legacy of fabian socialism. Now, for the first time since independence, Indians have economic opportunity.

At least, be honest enough to admit that socialism has been a disaster in India.

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