That’s true and is heartening – because it is one natural corollary to economic growth where India looks well poised for another growth story.

And whenever it happens here, it is quite satisfying socially (and should well be socio-politically).

After all, it creates success stories from among us – giving us empowerment of that ‘value system’ that all is not lost – that we can be on our own as we want, as we aspire. Yes, we need to work for that and we need to work on those irritating and frustrating sentiments that we so frequently encounter.

Events like ‘Startup India’ are much needed and natural initiative that the Government of India should take, especially after India’s prowess in services sector creating behemoths of services sector and a dependent economy that runs in hundreds of billions of US dollars – a gold mine for startup entrepreneurs.

And they are doing it quite an early age – like the trend has been in the Mecca of startups – in Silicon Valley and others areas in US – with Microsoft, Apple, Google, Facebook, Uber and many more success stories.

The average age of startup founders in India is around 28 years – that follows the global trend with markets with robust services sectors.

Catching the trend here are companies like Flipkart, Ola, Snapdeal, Paytm, Quikr, Zomato and Shopclues – all valued at over a billion US dollar – with Flipkart leading the pack with US$ 15 billion valuation.

According to a NASSCOM report on startups, India had 3100 tech startups in 2014 that is expected to grow by multiple times – to reach to the mark of 11500 by 2020. So, we can expect the overall scenario – including every sector of economy – yes, the pack would be led by Information-Technology companies – due to all pervasive nature and ‘great leveller and enabler capacity’ of communication technologies – but would not be limited to it.

India is on the way to become the world’s largest middle class by 2030 but that landmark may arrive much earlier and that is big market – in fact the biggest market – driven in a major way by the services sector of the economy.

To continue..

©/IPR: Santosh Chaubey –


OECD (The Organisation for Economic Cooperation and Development)’s finding today reaffirmed the healthy picture for Indian economy.

The report is based on the assessment of Composite leading indicators (CLIs). Leading Indicators indicate about the direction an economy is changing to. OECD says CLIs provide ‘turning point in business cycles’ – calculating variations in output – its highs and its lows.

The report says the growth momentum is Japan, Germany and India is stable – or the indicators say so. Statistical indicators of the report may look confusing to a layman but the text is clear.

India has already become the world’s fastest growing economy. It is already the world’s third largest economy on ‘purchasing power party’ (PPP). On gross indicators, it is projected to become the world’s third largest economy by 2030. By then, it will have the largest middle class as a Harvard study finds. That means the biggest marketplace for global companies (including China’s).

The report says growth is ‘easing down’ in the US, the UK, Canada and China. That translates to slowdown in economies. So, the other major powerhouse, that has been the leading growth engine of the world economy for decades, China, is slowing down, as has been projected and is being analytically projected.

The OECD report also puts questions on economies of another two BRICS block countries, i.e., Russia and Brazil. While Russia’s positive growth is ‘driven by tentative signs’, Brazil has seen ‘loss in its growth momentum’. Though the dictator in Vladimir Putin will see it an overall positive sign for his presidency.

The report is also positive about economies in Japan, Germany and Euro area.

Japan, the world’s fourth largest economy, has seen a consistent rough patch and it coming back to the stable track is a good sign for the markers the world over. Germany is already the central point of Europe’s economy and the report see stable growth momentum here. And when it is seen in parallel with a ‘firming up’ growth in the Euro area (emphasizing on France and Italy), we find reasons to believe in the reports that Greece would remain in the Eurozone with a common currency.

OECD is a Paris based major global economic block of 34 countries, mainly European. The US, Canada, Japan, Australia, South Korea, Turkey and others joined it later on.

The report released on July 8 is based on data from 33 OECD member countries and six non-member countries.

©/IPR: Santosh Chaubey –


They are the world’s two most populous nations.

They are poised to be the world’s second and third largest economies.

They are the world’s biggest markets.

One has grown at around 10% for 30 years.

The other has grown around 6% for 20 years.

And as China, the one with an average growth rate of 10%, is slowing down, India is slated to become the fastest growing economy of the world.

And it is in process. India, that has grown at around 6% for past two decades, is expected to grow at 7.5% this year compared to China’s 6.8%, as the International Monetary Fund (IMF) reports.

According to a report by the Harvard University, the projections say India will grow annually at 7.9% for eight years till 2023 while the average annual growth rate for China for the same period is expected to be 4.6%.

India is poised to become the world’s youngest nation by 2020.

India has 65% of its population under 35 years of age – that corresponds to over 81 crores (810 million) of India’s population of 1.25 billion.

When its prime minister, Narendra Modi, who started his first official tour of China today, talks of a demographic dividend, he has reasons to say so.

India is poised to have the world’s largest middle class surpassing China by 2030. The criteria used by the BBC for this projection was an earning potential of US$ 10 to US$ 100 per day. The study projects India’s middle class to be 475 million strong by 2030.

According to a study by the World Bank, United States was at the top of the middle class consumption pecking order in 2009 with 21% global share (US$ 4377 billion). In 2020, China is projected to be at the top with 13% market share worth US$ 4468 billion. India will make a grand entry there with projected market share of 23% worth whopping US$ 12777 billion.

China’s is a manufacturing powerhouse and India is trying to be the one with the Bhartiya Janata Party (BJP) led government’s ‘Make In India’ campaign.

Global companies are vying for Chinese and Indian markets and India and China are eyeing for each other’s market as well.

And closer economic ties between the two giants, the projected second and the third largest economies of the world, the two largest middle classes, the two Asian superpowers and the two neighbours, make sense.

Right now, China is ahead of India in every comparable aspect – in social sphere, in military technology, in infrastructure and in economy – China’s economy is over four times the Indian economy.

But India is the world’s largest democracy and is slowly adopting the features of a free market economy while the Communist China with a one-party system did it very fast.

Now, China is stagnating and is coming around a sustainable growth rate.

And India is poised to take up – at least for a decade to come.

And the two counties together make the largest marketplace of the world – with 24% of the middle class consumption by 2020 that is slated to go up by 17% to become 41% by 2030.

India and China, the world’s two fastest growing economies, are home to over 2.6 billion people now – that is around 30% of the world.

And they are big markets for every country – including themselves.

Xi Jinping’s India visit last year and Narendra Modi’s China visit this year should be seen in this context only – two large economies that see gains in mutual cooperation – even if it means pushing back the contentious issues – including the border issue.

©/IPR: Santosh Chaubey –


India is slated to become the world’s youngest nation by 2020. The UN (UNFPA State of the World’s Population report) says 356 million (28%) of its population is in 15-24 age-group, largest in the world.

Census of India says around 48% India’s population is below 21.

65% of India’s population is below 35.

While writing this, India’s population is over 1.25 billion, world’s second most populous nation after China, and projected to take over China by 2050.

A report by the US (Special 301 Report for 2015) says India’s internet base is projected to be of 370 million users by this year end, the second largest in the world. The report says 213 users will be using mobile internet by this June.

India’s teledensity is around 100 crores (1000 million). Lowering of smartphone prices has quickened the spread of mobile internet in India, already large enough, especially among the youth and working-age population.

According to the Telecom Regulatory Authority of India (TRAI), the body to regulate telecom and internet business in India, the telecom subscriber base of India reached 97.92 crore this January from 97.097 crorein December 2014. That means a telecom density of 78.16%. According to the TRAI, the urban teledensity was at 148.54 and rural was at 46.69. And that tells us the marketers’ push is in rural India now. That is the latest data available.

The world’s second largest telecom network is India now.

And it is projected to be the world’s fastest growing economy, overtaking the growth rate of China.

According to the estimates, India is expected to grow at 7.5% in year ending in March 2015. That is more than China’s 6.8%. But we need to keep in mind that China grew at 9% for three decades before slowing down and India is nowhere near to that. Indian policymakers will have that in mind while taking the decisions related to the economic policies.


To continue..

©/IPR: Santosh Chaubey –



Heil! Heil! Heil!

Heil the Political Class of the world’s largest ‘demo’cracy!

Heil the politicians of India!

The sham is on display, yet again, in the trademark Indian politics way. After creating the situation to let the Indian Economy bleed, they are here again, to make rough patch-ups that don’t leave any effect.

And very skillfully, like they have messed up the Indian Economy in the last four years, they have kept their lavish lives out of the proposed austerity measures.

The proposed measures on travel restrictions, recruitment ban, guidelines for conferences, air travel, etc., target basically the government officials and the common man.

The political lords are out of its ambit to give them the free run during the election time. Anyway, they have always been beyond the reach of such measures. What applies for the common man doesn’t apply for them.

After all, it is their right to put the Indian Economy in trouble with measures like a wrongly timed food security act at a time when the prices are going up, Rupee is going down and the Economy is staring at yet another sluggish phase.

And one thing is particularly sham about these sham austerity measures.

These measures are announced regularly. In fact, announcing the cosmetic measures in the name of austerity has become a regular practice since the global economic crisis of 2008.

But no one knows how the measures are implemented. The country is never presented with any assessment report of such austerity measures adopted. Simply, because the measures are sham.

We come to know when the austerity guidelines are announced because that serves the purpose of propaganda.

We never come to know what happens to the guidelines post-announcement because that serves the purpose to maintain the veil over the sham.

Heil Austerectomy!










©/IPR: Santosh Chaubey –