India is on the track of Development

It is a matter of regret that in an age of fastest media even the real face of India has not been revealed properly to the international community. Many people in the far countries believe that India is a desperate, poverty-stricken land struggling for survival while India is among the world’s fastest growing economies.

Of course, none of the foreigners can be blamed for this aspect. This is only due to some greedy Indians’ misrepresentation of the country, to earn cheap recognition and financial assistance from the foreign based funding agencies. They don’t hesitate to portray the country as an icon of poverty for their personal gain.

Despite a zig zag graph of demographic per capita income Indian economy can be estimated as one of the best economy in the world in lieu of its growing prosperity and an expanding civil infrastructure. In the past ten years, economic growth has averaged 8 to 10 per cent, far in excess of the number, achieved in Britain or Europe.

India’s film industry produces a large number of films every year, released worldwide. It has also surpassed the Hollywood industry in business.

In Cricket, India enjoys a pioneering status. Our cricketers are among the top earners in world cricket. Indian Premier League is one of the richest competitions in world sport.

Recently India has also stepped into another lavish game, the F1 Motor sports.

The country's business tycoons have succeeded considerably. Multi-billionaire Rattan Tata now owns teamaker Tetley, once a typically English firm and the steel giant Corus, formerly British Steel along with the traditional prestige motoring brands of Land Rover and Jaguar.

Vijay Mallya’s United Breweries, based in Bangalore, recently bought the famous Scottish distillers White and Mackay, the fourth largest whisky firm in the world.

Of course unfortunately, corruption has clutched the whole hierarchy of administration and hence the Indian big investors are heading towards overseas to invest.

But still, this fact cannot be ignored that, in the past ten years, economic growth has averaged 8 to 10 per cent.