The ascendency of India as an economic world power

Really, sometimes, I get amazed with the knowledge of European and American leaders about Asia. EU Commissioner for agriculture and rural development Mariann Fischer Boel has stated that one of the major reasons behind the increasing food prices around the world is that people in China and India are consuming more meat than before.

iPhone came in the US market nearly 10 months ago. It became very popular in the US and in some other countries. Having an iPhone became a status symbol or prestige concern for many people. Indian consumers still do not have iPhone and the good news is that iPhone is going to come in India within 2008. Vodafone is the operator that will offer its subscribers the option to use iPhone.

Bharti Airtel is one of the telecom companies in India. It is very successful company in India with over 62 million mobile phone subscribers. Whatever TV channel you open, you can find advertisements of Airtel all the time. It is a great success story in Indian business sector. Now, Bharti Airtel is contemplating on the idea of buying 51% share of MTN.

You may hear of slow down in American economy but Indian economy has remained intact until now. In fact, IDC India has predicted that Indian IT sector will have impressive growth in the next 4 years. Both export and domestic spending on IT sector are expected to grow a lot by 2012.

Indian Premier League matches are now taking a heavy toll from the local theaters, cinema and television channels. The cricket crazy Indian fans have found IPL Twenty20 tournament as very good refreshing tool. Timing suits the working people and because of its three hour matches, people do not get bored. So, the IPL matches have come as complete entertaining bonanza to many cricket fans in India.

Now, the problem is that because of this Twenty20 tournament, cinemas, theaters and other TV programs are losing viewers. Recently, a multi-starrer Yashraj production, Tashan, has failed to attract people to the cinema halls in the evening shows. Even, Shah Rukh Khan hosted television show 'Kya Aap Pachvi Paas se Tez hain' on Star Plus failed to get enough attention from the viewers.

You know that Indian Premier League (IPL) is now going on and the tournament has attracted the attention of cricket fans around the world. Its exciting Twenty20 matches are entertaining the cricket fans. Having seen the craze around IPL, Indian mobile operator, Tata Indicom, has recently launched some value added services (VAS) for the cricket loving Indian fans. The services include IPL Scores, updates and various contests for the users.

You know that there is a global crisis about food now and the price of food commodities is increasing all the time. It is very surprising matter that all of a sudden the price of many food items have increased a lot in the world. Many of us are surprised and are wondering the main reason behind it.

India is no longer a poor country. It is gradually moving towards a middle economy country. Of course, it will take a lot of time for India to ensure that all of its people have good income. However, the size of Indian economy is growing very strongly and India will soon become the second largest economy in the world. So, the demand of oil is increasing at a very fast pace.

Inflation is becoming a major cause of concern for Indian economy. For Indian Prime Minister Manmohan Singh, this is perhaps the biggest challenge of his leadership since he took power four years ago. In fact, regional election will take place in a number of states in 2008 and in 2009; general parliament election is expected to take place. So, inflation before election is never a good thing for any government.

It is perhaps an irony that in India many couples try to abort female fetus every year, while India is a nation where most people follow Hinduism and in Hinduism, the (female) Goddesses are perhaps worshipped and respected more than Gods. At the same time, Indians are crazy for the beautiful Bollywood actresses. So, it is a painful thing to see that in Indian society, among ordinary people, there is no respect for the female baby.