The Power shift..

281 Billion $ @ Year 1991 --->463 Billion $ @Yr 2001 ---> 1.2 trillion $ @Yr 2009

This is the story of the growth of the Indian economy starting from the year of liberalisation brought on to India by the then Finance Minister of India, Dr. Manmohan singh. With this genius in the driving seat of our Nation we are moving ahead and the worth of the nation has turned into Trillions meaning every one of the billion population is worth a Million $ ?
But how can this be justified in terms of the economics statistics at every level of the population?

Excerpt from the wikipedia article'
As of 2009, about 300 million people — equivalent to the entire population of the entire United States — has escaped extreme poverty.[2] The fruits of liberalization reached their peak in 2007, with India recording its highest GDP growth rate of 9%.[3] With this, India became the second fastest growing major economy in the world, next only to China.[4]. An Organisation for Economic Co-operation and Development (OECD) report states that the average growth rate 7.5% will double the average income in a decade, and more reforms would speed up the pace.[5]'

However the outlook within India needs to radically change that we ned to understand every citizen of us is worth more than we think as of today! In every way, India's best wealth is our people itself! With the worth of citizens coming up comes the Super power qualities of the nation. I am not against at all in recognising one fine day that we are already a super power :) But if we know where we are heading to we can drive on the best possible routes and enjoy the ride too with all those travelling on the same roads.

With Agriculture and Greener investments being the tommorrow's growth areas,we defenitely need to see How India fares!As we are very much by volume economical dependent on Agriculture and its outcome, we are staning at the entrance of another Greener Revolution Efficient and Enabled Agricultural Economy. Gear up! Farming is goona be the next world wide fashion wave soon!

The power shift is happening in the Socio Economic lines. From west to the East. ITs high time we realise India is right at the centre from the day we started calling the west and the East :)
Take a quick look on the Private consumption patterns from McKinsey. No wonders!!! GDP as such is contributed from the Private consumption directly along with other factors. [GDP = private consumption + gross investment + government spending + (exports − imports)]
But great to know why there is so much life in India and its Economy.
See the interactive predictions at theeir site here.