India’s Prime Minister has promised to make the country a $5-trillion economy by 2027. My knowledge of economics is zilch. Even if I try to learn it, I don’t think I will understand. For example, economists will take the total assets of Mukesh Ambani and mine, calculate the average, and say that my average assets amount to $52 billion, half of Ambani’s $104 billion. Mukesh Ambani’s assets amount to INR 87,31,75,68,00,000. I don’t even know how to count that figure, let alone calculate the average. Even if you find the average of that and my assets [ridiculous suggestion?] and tell me, still the figure will remain beyond my grasp (both literally and metaphorically). [Black monies don’t count in economic stats, I guess.] But India may become a $5-trillion economy by 2027. Because, as I understand, the average assets of each Indian are calculated the way I described in simplistic terms above. If you google India’s skewed economy , you will understand better what I’m saying. Here is a ...
Cerebrate and Celebrate