Wednesday, March 12, 2008

India - The road ahead

Today, our population is about 1.2 billion and growing at the rate of 1.6 %. Our labor force is above 500 million and expected to become 600 million in next five years. Our unemployment rate is 7.8 %, literacy is 61 % and still 25 % of our people are below poverty line. Our union budget indicates that our revenue is limited to $109.4 billion, expenditure is $143.8 billion and debt is $132.1 billion. We are importing 1.5 billion kWh of electricity. Exports sum is $112 billion and Imports sum is $187.9 billion. Population, poverty, education, unemployment, corruption, debts etc. the challenges are enormous. We dream to become Developed nation from developing nation. We need hands to make it true.

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