“Washington: From being one of the world’s poorest economies six decades ago to becoming a “top spot” today, India has come a long way, Forbes says in a special report even as it lists more billionaires in India worth $191 billion than in any other Asian nation.
“India’s top ten, worth $112 billion, account for two-thirds of that wealth,” it says in the report ‘India at 60′.
“India’s rising fortunes are underscored by the increasing prosperity of its wealthiest citizens,” it adds, as it lists 36 billionaires in the country.
“India was one of the world’s poorest economies when it won its independence from Britain in 1947. Incredibly, 60 years later, the country’s emerging economic clout has made it Asia’s top spot for billionaires.”
This year, for the first time in two decades of wealth tracking, Forbes counted more Indians than Japanese billionaires. Three Indians made it to the list of top 20 of the world’s richest and only the US had more billionaires than India.
“We have made decent progress in several areas during the last 60 years. We have produced world-class scientists, engineers, journalists, soldiers, bureaucrats, politicians and doctors,” says N.R. Narayana Murthy, the co-founder of one of India’s best known software companies and among those in the rich list.”
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This post was written by techhair on August 21, 2007
