5,000 years old ancient civilization5,000 years old ancient civilization22 official languages 22 official languages 29 states, 5 union territories29 states, 5 union territories 3.28 million sq. kilometers - Area3.28 million sq. kilometers - Area 7,516 kilometers - Coastline 7,516 kilometers - Coastline 1.1 Billion population.1.1 Billion population. PPer capita income growth more than er capita income growth more than 9.1%.9.1%. GDP $543 Billion; GDP rate9.1– 9.3%GDP $543 Billion; GDP rate9.1– 9.3%Foreign exchange reserves US$ 190 Foreign exchange reserves US$ 190 billion billion Parliamentary form of GovernmentParliamentary form of Government World’s largest democracy.World’s largest democracy. World’s 5th largest economy.World’s 5th largest economy.

India: one society which has never known slavery.

In 10,000 years of our history people from all over the world have come and invaded us, captured our lands, conquered our minds. From Alexander The Great, Turks, Moghuls, Portuguese, British, French, Dutch, all came and took over what was ours. India never invaded any country in her last 10,000 years of history.

WE RESPECT HUMAN FREEDOM

India: “The Golden Bird” as British arrived (1790)1790: world trade: India: 23% Versus Britain: 2%. 1947: World Trade: India: 2% Versus Britain: 23%

Robert Clive’s personal wealth amassed from Bengal’s plunder (1750’s ) : £401,102

Estimated treasure taken from India by British:

£1,000,000,000 (£1Billion) Up to 1901 Real-term worth at today’s interest rates/inflation:

$1,000,000,000,000 ($1 Trillion)

Many cultures nomadic 5000 years ago, when Harappa city built in Indus Valley.

World's first global university was established in Takshila in 700 BC.

Ayurveda 5000 yrs old, still in use system of medicine

Surgery 2600 years ago Astronomy 1000 BC

calculated Earth diameter, orbit and distance from moon.

100BC: Invented Number System, place value system & decimal system

Invented zero 6th century: Calculated

"pi" Rig Veda taught

religious tolerance “There is only one Truth, only men describe it in different ways.”

Sanskrit recognized as root of most languages!

And these are only a few examples!

The Encyclopaedia Britannica recognizes India as the cradle of human civilization:

"Man must have an original cradle land whence the peopling of the earth was brought about by migration. As to man’s cradle land, there have been many theories

but the weight of evidence is in favour of Indo-Malaysia.”

"If there is a country on earth which can justly claim the honour of having been the cradle of the Human race or

at least the scene of primitive civilization, the successive developments of which carried into all parts of the

ancient world and even beyond, the blessings of knowledge which is the second life of man, that country

is assuredly India.”

"In India today, we have a lady born a Catholic (Sonia Gandhi)

stepping aside so a Sikh (Manmohan Singh) could be sworn in by a Muslim president (Abdul

Kalam) to lead a nation that's 82% Hindu. I defy anyone

to cite another country with such diversity and tolerance to its political leadership."

The factors have changed Not the equation!A Hindu President, a Muslim Vice President, a

Sikh Prime Minister & a Catholic leader of ruling party!

Current GDP growth 9.2% Growth propellers: industries (10.9%),

services(11% ), manufacturing (12.7%) & electricity (9.0%)

Balance of payments surplus: US$ 36.6 billion Annual inflation rate: 4.27 % (June 2007) Cumulative merchandise exports increase:

20.37% Aggregate bank deposits increase: 22.8% (US$

134.2 billion) Reserve money expanded: 29.1% Second most attractive global investment

destination assuring annual return of 38.36% FDI equity flows tripled to US$ 15.7 billion in

2006-07, a growth rate of 184%; Cumulative FDI: US$ 54.6 billion.

India joins elite club of 12 countries with a trillion dollar economy, thanks to continuing rally in rupee against US dollar.

Foreign exchange reserves $208 billion Indian Stock Market Sensex at all-time high Retail boom Focus on improving infrastructure Exploding software industry Burgeoning global wellness industry Movie industry largest with global demand 10th most industrialized economy Top 5 tourist destinations Radical economic and strategic pacts with USA, EU, South

East Asia and ASEAN, SAARC.

Individual can double income in 15 yrs Young Professionals take out mortgages to

buy houses soon after starting work Personal consumption makes up a staggerring

67% of GDP, much higher than China (42%) or any other Asian country. Only USA is higher (70%)

Green revolution: In 1968, India imported 9M tonnes of food-grains. Today, it has a food grain surplus stock of 60 Million tonnes.

GDP growth 9.1% in 2007- first quarter Infrastructure investment privatized, 100%

FDI tax-exempt for 10 yrs; $320 billion of infrastructure spending by 2010

More Indians moved out of poverty in last 10 years than in preceeding 50 years!

Tatas buy Anglo-Dutch Steel firm Corus $12.1 billion deal( 2007) British tea major Tetley (2000) Pound 271 million Apeejay Surendra buys UK Premier Foods tea $140 million(2005) Vidoecon Industries buys TV/tube divn of French Thomson Tatas buy Tyco Global Network, Korean DaewooMotors’ Truck

(2004) Glaceau (US) and Jemca Tea (Czech) 2006 and Indian Hotels takes The Pierre NY, Ritz Carlton Boston (US$170

million) & Starwood Grp Hotel Australia 2005 Wipro acquired global energy business of American Management

Systems and Ericsson Telecom R&D divn B’lore based Moksha buys US Challenger Systems and XMedia Bharat Forge Ltd buys Carl Dan Peddinghaus GmBH of Germany Amtek Auto buys GKW, UK; Ranbaxy buys RPG Aventis, Wockhardt

buys Wallis and CP Pharma, UK, also Esparma of Germany, Jubilant Organosys buys PSI Supply Belgium, Zydus Cadila buys Alpharma, France; Sundaram Fasteners buys Dana Spicer UK; Dabur Pharma buys Redrock, UK; Wockhardt buys Pinewood Labs, Ireland

Indians acquired 100 foreign companies in 2005 up from 28 in 2002 Invested US$ 10 billion abroad in 2005

India is one of six countries that launch satellites, for Germany, Belgium, South Korea, Singapore and EU countries.

India's INSAT:one of world's largest domestic satellite communication systems.

India’s Geosynchronous Satellite Launch Vehicle (GSLV) was indigenously manufactured, most components manufactured by Indian industry.

India’s Satellite Instructional TV Experiment (SITE) 1975-76 became today’s DTH, or direct-to-home broadcasting.

India built its own Supercomputer after US denial of a Cray computer sale in 1987.India is one of 3 countries that have built Supercomputers on their own. (USA and Japan)

India’s new ‘PARAM Padma’ Terascale Supercomputer (1 Trillion processes per sec.) Only 4 other nations have this tech.

India-developed “direct reception system” a cutting-edge technology enabling remote villages, without electricity, to view TV programmes.

Indian pharmaceutical industry $6.5 billion, growing at 8-10% annually, 4th largest pharmaceutical industry in the world by volume, it is expected to be US$12 billion by 2008, with exports over $2 billion.

India is among the top five bulk drug makers.

There are 170 biotechnology companies in India, involved in the development and manufacture of genomic drugs, whose business is growing exponentially.

Sequencing genes and delivering genomic information for big pharmaceutical companies is the next boom industry in India.

New emerging industries areas include, Bio-Informatics, Bio-Technology, Genomics, Clinical Research and Trials.

TCS purchased Comicrom for US$ 23 million – back office

Indian pharmaceuticals reach US$26 million from US$ 8 million approximately in one year

i-Flex Solutions working with Banco de Chile US$ 15 million, + Banco de Desarollo, Security Bank and International Bank - banking software

Trans-Santiago Consortium awarded to India’s TATA Group transportation

Corpora Tresmontes places order for bio-mass-fired boilers for US $ 400,000 from Thermax India Ltd- using agrowaste

India functions as a nation despite her immense cultural, social, political, economic and religious diversities.

Has encouraged growth of a vibrant inclusive democracy

Possesses an independent judiciary Has a free and vocal press Has established diversified & widespread

industrial base, producing from a pin to a satellite. Contributed significantly to creating equitable

world order despite lack of economic or military clout.

Has participated as a responsible nation in peace keeping and other international obligations.

Never once has she defaulted on her international payment obligations irrespective of her internal economic situation.

Manpower: Large base of technically trained and diversely skilled, English-speaking and highest working population in the World — 700 million people out of 1.1 billion people are young until 2050. No restrictive labor laws!

Market Demand: few other countries can offer a market like India does: a middle-income group of over 300 million — with over 20 million people joining their ranks every year

Supporting institutions: Fully functional Policy and Regulatory Support: clear, transparent

and equitable Quality Education: Best US business schools

sending students to Infosys, Satyam and Mahyco for internship. India is fast becoming a country of unlimited

opportunity.

India is emerging as a global economic giant. Her future as an international leader rests on her political will to achieve good governance at a domestic level and foster constructive partnerships regionally and globally.

India became a sectoral dialogue partner of ASEAN in 1992, a full dialogue partner in 1995 and a member of the ASEAN Regional Forum in 1996. India has become a Summit Level Partner of ASEAN in 2002. The Framework Agreement on Comprehensive Economic Cooperation between India and ASEAN was signed in 2003.

The rise of the developing world, particularly of China and India, is reshaping the economic and political order.

Sir Martin Sorrell, Group Chief Executive, WPP, United Kingdom; Co-Chair of the Annual Meeting Davos, 2006:

“The dominance of the US and the dominance of Europe – particularly Western Europe – is eclipsed. What we’re witnessing

is a sharp shift in wealth in a relatively short period of time from West to East.”

India &China: two growth engines driving Asia & world.

Not India versus China, but India with China. Improving bilateral relations starting with trade. China today India’s second largest trading partner

after USA. A decade ago India-China trade was a $1 billion a year; last year it was $l billion a month. India's trade with China grew by 104% in 2002.

In 2005, India has amassed a surplus in trade with China close to $1.5M

India is often likened to an elephant slow but sure! Clear choice between dealing with a faster growing

but a centralized communist government in China, or work with India, a relatively slow moving but open democracy with a proven track record of discipline about its institutions, its nuclear possessions and rule of law.

No wish to become a military super power Institutional strengths like developed economies: Existence of a viable, functioning democracy Rule of law, a vibrantly free press, a fiercely

independent judiciary rooting out corruption, and administrative transparency.

Economic "soft infrastructure," and "institutional capital", e.g. commercial code, safeguards for property rights (intellectual and otherwise), clear bankruptcy procedures, monetary and fiscal policies that work and are clear.

Open system with social and political safety valves, and regulatory environment providing comfort, long-term stability and security to the foreign investor.

India had a strong tradition of entrepreneurship.

Goldman Sachs Report of 1 October, 2003 – "Dreaming with BRICs: The path to 2050"

By 2050, BRIC (Brazil, Russia, India and China) economies will be in a position to

collectively overtake the G-6. India's GDP will reach $ 1 trillion by 2011, and $ 27 trillion by 2050, making it the 3rd

largest economy after USA and China. In terms of GDP, India will overtake

Italy by the year 2016, France by 2019, UK by 2022,

Germany by 2023, and Japan by 2032.

A moment comes, which comes but rarely in history, when we step out from the old to the new, when an age ends, and when the soul of a nation,long suppressed, finds utterrance. - Jawaher Lal Nehru• Nehru refers to India’s bith as independent

state• Today India’s birth as independent society- --

ready for a change, diverging from its past but also from most other countries.

• She is a vibrant, burgeoning democracy that is

finally empowering its people economically.

The time to look at India is now !

For more info please go to: http://indiabudget.nic.in/es2006-07/