Indian Economy Overview!!!

Some highlights:

• India has the highest number of billionaires in Asia and fourth highest in the world. There are 36 billionaires in India, which makes it next only to US, Russia and Germany.
• India has emerged as the world's fastest growing wealth creator, thanks to a buoyant stock market and higher earnings.
  
• Forty-four per cent of the Top 100 Fortune 500 companies are present in India.
  The number of Indian millionaires rose by 20.5 per cent from 83,000 in 2005 to 1,00,015 in 2006 -- making India the world's second fastest growing nation after Singapore.
  
• India has joined the elite club of 12 countries with a trillion dollar economy, thanks to the continuing rally in rupee against the US dollar.
  
• According to a study by the McKinsey Global Institute (MGI), India’s consumer market will be the world’s fifth largest (from twelfth) in the world by 2025.
  
• Mumbai has been ranked tenth among the world's biggest centres of commerce in terms of the financial flow volumes by a survey compiled by MasterCard Worldwide.
  
• India has emerged as one of the most attractive investment destinations in the world with an annual return of 38.36 per cent, which is the second highest in BRIC economies.
  
• India ranks second in the Asia-Pacific region in terms of the value of private equity deals (US$ 2,433 million) done in the first half of 2007.
  
• India emerged as the fastest growing market in the data centre-structured cabling market in the Asia Pacific region.
  
• India has been ranked second in outbound mergers and acquisition (M&A) deals during the first half of 2007 in the Asia-Pacific region, with outbound deals totalling US$ 13.5 billion.
  
• India Inc reported its highest net profit in the last three years in 2006-07 (1,700 companies that declared their results till June reported a 47 per cent increase in net profit).
  
• With its manufacturing and services sector on a searing growth path, India’s economy may soon touch the coveted 10 per cent growth figure.