This is a new series in which I invite readers to take a journey with me into the future through the minds of multiple entrepreneurs, who by addressing the opportunities I see today, will perhaps shape the future of India.
But in this series, we will close our eyes, and exist in this future, and BE each entrepreneur. To read the first of these posts, click here.
Enjoy!
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We should be bullish about our Future, but also need not forget the past. Although Future of India is bright, we need to see the dull side also. I mean about India’s Debt situation.
The condition of India’s external debts (2007)have further worsened in 2007, compared to the previous financial years. Today, the total outstanding loan on the Indian government is worth 41.57 billion US dollars, among which some portions belong to global financial organizations and some are meant for bilateral financial assistances. The actual breakdown of the outstanding loan amounts is stated below:
World Bank will receive 25.49 billion dollars
14.05 billion dollars will go to the bilateral assistances In an nutshell, the external debt condition in India declined from March 2006 to March 2007 when the debt stock increased from US$126.5 billions (2006) to US$ 155.0 billions (2007). In 2007, the accumulation of debt worth US$ 28.2 billions represented an escalation of 22.6%.
Anybody Listening… its rather serious and only only doing ga..ga.. over few success. We need to have sustainable base and effort to overcome this..
Regards
Vaibhav Satpute, India
correct link
http://sramanamitra.com/2008/05/06/vision-india-2020-mit-india/
This is a comment tagged “humour”, and “pls to not get all frazzled about”.
When I clicked I got a “http-insurance links” site, showing me links like “Life Insurance”, “Health Insurance”, “Accident Insurance” etc.
My first thought was – man, the next 20 years is going to need a lot of insurance.
(The link’s misspelt)
This is a comment tagged “humour”, and “pls to not get all frazzled about”.
When I clicked I got a “http-insurance links” site, showing me links like “Life Insurance”, “Health Insurance”, “Accident Insurance” etc.
My first thought was – man, the next 20 years is going to need a lot of insurance.
(The link’s misspelt)