5,000 years old ancient civilization
22 official languages
 29 states, 5 union territories
 3.28 million sq. kilometers - Area
 7,516 kilometers - Coastline
 1.1 Billion population.
 Per capita income growth more than 9.1%.
 GDP $543 Billion; GDP rate9.1– 9.3%
Foreign exchange reserves US$ 190 billion
 Parliamentary form of Government
 World’s largest democracy.
 World’s 5th largest economy.
India: one society which has never known slavery.
In 10,000 years of our history people from all over the world
have come and invaded us, captured our lands, conquered our
minds.
From Alexander The Great, Turks, Moghuls, Portuguese,
British, French, Dutch, all came and took over what was ours.
India never invaded any country in her last 10,000 years of
history.
WE RESPECT HUMAN FREEDOM
India: “The Golden Bird” as British arrived (1790)
1790: world trade: India: 23% Versus Britain: 2%.
1947: World Trade: India: 2% Versus Britain: 23%
Estimated treasure taken from India by British:
£1,000,000,000 (£1Billion) Up to 1901
Real-term worth at today’s interest rates/inflation:
$1,000,000,000,000 ($1 Trillion)
Robert Clive’s personal wealth amassed from Bengal’s
plunder (1750’s ) : £401,102
 Many cultures nomadic 5000
years ago, when Harappa city
built in Indus Valley.
 World's first global university
was established in Takshila in
700 BC.
 Ayurveda 5000 yrs old, still in
use system of medicine
 Surgery 2600 years ago
 Astronomy 1000 BC calculated
Earth diameter, orbit and
distance from moon.
 100BC: Invented Number
System, place value system &
decimal system
 Invented zero
 6th century: Calculated "pi"
 Rig Veda taught religious
tolerance “There is only one
Truth, only men describe it in
different ways.”
 Sanskrit recognized as root of
most languages!
 And these are only a few
examples!
The Encyclopaedia Britannica recognizes India as the cradle
of human civilization:
"Man must have an original cradle land whence the peopling
of the earth was brought about by migration.
As to man’s cradle land, there have been many theories but
the weight of evidence is in favour of Indo-Malaysia.”
"If there is a country on earth which can justly claim the
honour of having been the cradle of the Human race or at
least the scene of primitive civilization, the successive
developments of which carried into all parts of the ancient
world and even beyond, the blessings of knowledge which is
the second life of man, that country is assuredly India.”
"In India today,
we have a lady born a Catholic (Sonia Gandhi)
stepping aside so a Sikh (Manmohan Singh)
could be sworn in by a Muslim president (Abdul Kalam)
to lead a nation that's 82% Hindu. I defy anyone to cite
another country with such diversity and tolerance to its
political leadership."
 The factors have changed Not the equation!
A Hindu President, a Muslim Vice President, a Sikh
Prime Minister & a Catholic leader of ruling party!
 Current GDP growth 9.2%
 Growth propellers: industries (10.9%), services(11% ),
manufacturing (12.7%) & electricity (9.0%)
 Balance of payments surplus: US$ 36.6 billion
 Annual inflation rate: 4.27 % (June 2007)
 Cumulative merchandise exports increase: 20.37%
 Aggregate bank deposits increase: 22.8% (US$ 134.2 billion)
 Reserve money expanded: 29.1%
 Second most attractive global investment destination
assuring annual return of 38.36%
 FDI equity flows tripled to US$ 15.7 billion in 2006-07, a
growth rate of 184%; Cumulative FDI: US$ 54.6 billion.
 India joins elite club of 12 countries with a trillion dollar
economy, thanks to continuing rally in rupee against US
dollar.
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Foreign exchange reserves $208 billion
Indian Stock Market Sensex at all-time high
Retail boom
Focus on improving infrastructure
Exploding software industry
Burgeoning global wellness industry
Movie industry largest with global demand
10th most industrialized economy
Top 5 tourist destinations
Radical economic and strategic pacts with USA, EU, South East Asia and
ASEAN, SAARC.
 Individual can double income in 15 yrs
 Young Professionals take out mortgages to buy houses
soon after starting work
 Personal consumption makes up a staggerring 67% of
GDP, much higher than China (42%) or any other Asian
country. Only USA is higher (70%)
 Green revolution: In 1968, India imported 9M tonnes of
food-grains. Today, it has a food grain surplus stock of 60
Million tonnes.
 GDP growth 9.1% in 2007- first quarter
 Infrastructure investment privatized, 100% FDI tax-exempt
for 10 yrs; $320 billion of infrastructure spending by 2010
 More Indians moved out of poverty in last 10 years than in
preceeding 50 years!
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Tatas buy Anglo-Dutch Steel firm Corus $12.1 billion deal( 2007)
British tea major Tetley (2000) Pound 271 million
Apeejay Surendra buys UK Premier Foods tea $140 million(2005)
Vidoecon Industries buys TV/tube divn of French Thomson
Tatas buy Tyco Global Network, Korean DaewooMotors’ Truck (2004)
Glaceau (US) and Jemca Tea (Czech) 2006 and
Indian Hotels takes The Pierre NY, Ritz Carlton Boston (US$170
million) & Starwood Grp Hotel Australia 2005
Wipro acquired global energy business of American Management
Systems and Ericsson Telecom R&D divn
B’lore based Moksha buys US Challenger Systems and XMedia
Bharat Forge Ltd buys Carl Dan Peddinghaus GmBH of Germany
Amtek Auto buys GKW, UK; Ranbaxy buys RPG Aventis, Wockhardt
buys Wallis and CP Pharma, UK, also Esparma of Germany, Jubilant
Organosys buys PSI Supply Belgium, Zydus Cadila buys Alpharma,
France; Sundaram Fasteners buys Dana Spicer UK; Dabur Pharma
buys Redrock, UK; Wockhardt buys Pinewood Labs, Ireland
Indians acquired 100 foreign companies in 2005 up from 28 in 2002
Invested US$ 10 billion abroad in 2005
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India is one of six countries that
launch satellites, for Germany,
Belgium, South Korea,
Singapore and EU countries.
India's INSAT:one of world's
largest domestic satellite
communication systems.
India’s Geosynchronous
Satellite Launch Vehicle (GSLV)
was indigenously manufactured,
most components manufactured
by Indian industry.
India’s Satellite Instructional
TV Experiment (SITE) 1975-76
became today’s DTH, or directto-home broadcasting.
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India built its own
Supercomputer after US denial
of a Cray computer sale in 1987.
India is one of 3 countries that
have built Supercomputers on
their own. (USA and Japan)
India’s new ‘PARAM Padma’
Terascale Supercomputer (1
Trillion processes per sec.) Only
4 other nations have this tech.
India-developed “direct
reception system” a cuttingedge technology enabling
remote villages, without
electricity, to view TV
programmes.
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Indian pharmaceutical industry $6.5 billion, growing at 810% annually, 4th largest pharmaceutical industry in the
world by volume, it is expected to be US$12 billion by 2008,
with exports over $2 billion.
India is among the top five bulk drug makers.
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There are 170 biotechnology companies in India, involved
in the development and manufacture of genomic drugs,
whose business is growing exponentially.
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Sequencing genes and delivering genomic information for
big pharmaceutical companies is the next boom industry in
India.
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New emerging industries areas include, Bio-Informatics,
Bio-Technology, Genomics, Clinical Research and Trials.
 TCS purchased Comicrom for US$ 23 million –
back office
 Indian pharmaceuticals reach US$26 million from
US$ 8 million approximately in one year
 i-Flex Solutions working with Banco de Chile US$
15 million, + Banco de Desarollo, Security Bank
and International Bank - banking software
 Trans-Santiago Consortium awarded to India’s
TATA Group transportation
 Corpora Tresmontes places order for bio-massfired boilers for US $ 400,000 from Thermax India
Ltd- using agrowaste
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India functions as a nation despite her immense cultural,
social, political, economic and religious diversities.
Has encouraged growth of a vibrant inclusive democracy
Possesses an independent judiciary
Has a free and vocal press
Has established diversified & widespread industrial base,
producing from a pin to a satellite.
Contributed significantly to creating equitable world
order despite lack of economic or military clout.
Has participated as a responsible nation in peace
keeping and other international obligations.
Never once has she defaulted on her international
payment obligations irrespective of her internal
economic situation.
 Manpower: Large base of technically trained and diversely
skilled, English-speaking and highest working population
in the World — 700 million people out of 1.1 billion people
are young until 2050. No restrictive labor laws!
 Market Demand: few other countries can offer a market like
India does: a middle-income group of over 300 million —
with over 20 million people joining their ranks every year
 Supporting institutions: Fully functional
 Policy and Regulatory Support: clear, transparent and
equitable
 Quality Education: Best US business schools sending
students to Infosys, Satyam and Mahyco for internship.
India is fast becoming a country of unlimited opportunity.
India is emerging as a global
economic giant. Her future as an
international leader rests on her
political will to achieve good
governance at a domestic level
and foster constructive
partnerships regionally and
globally.
India became a sectoral dialogue partner of
ASEAN in 1992, a full dialogue partner in
1995 and a member of the ASEAN Regional
Forum in 1996. India has become a Summit
Level Partner of ASEAN in 2002. The
Framework Agreement on Comprehensive
Economic Cooperation between India and
ASEAN was signed in 2003.
 The rise of the developing world, particularly of
China and India, is reshaping the economic and
political order.
 Sir Martin Sorrell, Group Chief Executive, WPP,
United Kingdom; Co-Chair of the Annual Meeting
Davos, 2006:
 “The dominance of the US and the dominance of
Europe – particularly Western Europe – is
eclipsed. What we’re witnessing is a sharp shift in
wealth in a relatively short period of time from
West to East.”
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India &China: two growth engines driving Asia & world.
Not India versus China, but India with China.
Improving bilateral relations starting with trade.
China today India’s second largest trading partner after
USA. A decade ago India-China trade was a $1 billion a
year; last year it was $l billion a month. India's trade with
China grew by 104% in 2002.
 In 2005, India has amassed a surplus in trade with China
close to $1.5M
 India is often likened to an elephant slow but sure!
 Clear choice between dealing with a faster growing but a
centralized communist government in China, or work with
India, a relatively slow moving but open democracy with a
proven track record of discipline about its institutions, its
nuclear possessions and rule of law.
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No wish to become a military super power
Institutional strengths like developed economies:
Existence of a viable, functioning democracy
Rule of law, a vibrantly free press, a fiercely independent
judiciary rooting out corruption, and administrative
transparency.
 Economic "soft infrastructure," and "institutional capital",
e.g. commercial code, safeguards for property rights
(intellectual and otherwise), clear bankruptcy procedures,
monetary and fiscal policies that work and are clear.
 Open system with social and political safety valves, and
regulatory environment providing comfort, long-term
stability and security to the foreign investor.
 India had a strong tradition of entrepreneurship.
Goldman Sachs Report of 1 October, 2003 –
"Dreaming with BRICs: The path to 2050"
By 2050, BRIC (Brazil, Russia, India and China)
economies will be in a position to collectively overtake
the G-6.
India's GDP will reach $ 1 trillion by 2011, and $ 27 trillion
by 2050, making it the 3rd largest economy after USA and
China.
In terms of GDP, India will overtake
Italy by the year 2016, France by 2019, UK by 2022,
Germany by 2023, and Japan by 2032.
A moment comes, which comes but rarely in history,
when we step out from the old to the new, when an
age ends, and when the soul of a nation,long
suppressed, finds utterrance. - Jawaher Lal Nehru
• Nehru refers to India’s bith as independent state
• Today India’s birth as independent society- -- ready for a
change, diverging from its past but also from most other
countries.
• She is a vibrant, burgeoning democracy that is finally
empowering its people economically.
The time to look at India is now !
For more info please go to: http://indiabudget.nic.in/es2006-07/
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India - truth alone triumphs