By 2010 India’s GDP will be to a tune of US$1 Trillion Plus. It is just 28 Months away from today. All sectors are growing at a rampant speed and India is really reaping the benefits of the Economic reforms which was started in 1991.
Now the question is really India geared up to adept to this change or is it really touching the upper echelons on the society and the bottom layer is getting deprived or not really getting the adequate benefits and rewards from the Economic Reforms .
We can say the that as the economic development is happening it is cutting thru all he layers of the society.
One of my friend was telling me in the city of Delhi it is difficult to get a car Driver less that Rs 6,500/- per month.
The migrant people from Bihar has flooded Delhi, he is ready to do the hard work and can adjusted to the rough and tough condition of Delhi, he can send money order to his wife and put his son to school which he was deprived off. If he is little bit enterprising he can easily make a little bit saving and can buy a CNG Taxi on his own and can easily increase his income to Rs 12,000/- Per Month.. his family is using mobile, and he can easily get connected to his wife, enquire about the health of old dependent mother, about his kid’s education, and can advice his nephew to come down to Delhi to for a better job opportunity and future. He can park a little bit of saving in Post Office or a Mutual fund
He understands the value of educations and is very particular about his school going children.
We see really he is slowly climbing up the Abs Maslows Ego Need ..
Really there will be 400 Million India consumers who will really benefit in 2010.
Big market which will never deplete and evergreen.
MNC can’t afford to stay away, it’s ga ga.