83,000 millionaires in a country of a billion may be a drop compared to the 27 lakh millionaires in a United States with a quarter of our population. Still the news that India now has more millionaires than ever before is certainly good news. That we have clocked the second highest rate of growth in the production of millionaires (19.3 per cent to South Korea's 21.3 per cent) is admirable if nor awe-inspiring.
Questions: Should we celebrate the presence of so many millionaires amongst us or should we mourn as the Left parties are wont to do? Is this a result of LPG—liberalisation, privatisation, globalisation—or some other force? Are only a certain kind of people getting rich or is it across the board? In a nation where nearly 400 million people survive on Rs 45 or less, are the rich getting richer, often at the expense of the poor? Are you better off than you were 10-15 years ago? Should the world stop calling us a poor country?
Must read: Michael Kinsley on Forbes' billionaires
Of course yes. It is like nuclear reactor getting critical and it will go on and on. Or may be it is more appropriate to refer to the rocket fired by solid fuel like making the first million, it will attain escape velocitya and sky is the limit.
Getting Rich is no Rocket science. That’s for sure!
India has millions of more rich people……….. !!!!!!!!! They don’t want to disclose their Income…………!!!!!!
Nammoorge Naane Sowcarra !!
Hodu swami ellaru sowcarre. Namma lokayukthsranna keli gothu aaguthe.
It is indeed a good sign that the number of millionaires are growing in India , but the more important question shud be “Are they trying to alleviate the prob of poverty?”
Swami kotyadeswaru eno jasthi aagutha iddare. EE thara tomata 40 Rs kg
Heasru bele 60Rs/kg petrol 50Rs/ltr ee thara bele aakashanu dati hodare ellaru bega koti inda laksha baruthare ashte
Namma Ghana sarkara heluthe,( some channel flashed it as breaking news ) SARKAR NE MANA MEHENGHAI TEJI SE BADI.
EE thara govt te helikondu kkothare badavara kathe enu swami?
agali praLaya…baDa janare eLii eddeLi..
In same lines as Janatha Party President Vijay Mallya karey “bharathada yuvakare eLii eddele [eddu (h)enDa kUDiri….]