Saturday, July 08, 2006
12th wealthiest nation - hogwash!
How shameless can Indian media become? If you had read Indian papers this morning, there screaming on the front pages of every single paper was the rather pompous declaration - "India 12th wealthiest nation in 2005, says World Bank". But what stares in our face is the fact that India has actually fallen two places since 2004! Countries like Brazil and South Korea which were behind India last year are ahead of us now. But we Indians are fooling ourselves with so called 8% GDP growth stories and self generated "India has arrived!" non-sense. In the hoopla surrounding Mittal success, Indian media last week conveniently buried reports that India may have actually become a net importer of Agricultural goods. A country where farmers are committing suicide since agriculture is no longer profitable is a net importer of Agricultural goods. Wonderful! Lets continue to live in the media created Indian utopia!