India’s slowing economy got a lift when the government decided to ease rules for foreign investments in September. The reforms perked up the Mumbai Sensex by 10% over the past 12 months, enabling the country’s 100 richest to realize modest gains. Their collective net worth is up 3.7% to $250 billion compared to $241 billion a year ago. But according to this year’s Forbes India rich list, those gains were uneven as seven lost more than a billion and six gained at least that. The complete list will be available in the upcoming edition of Forbes India, available from 2nd November 2012.
I urge to all of 10 listed richest persons to enhance the economy of our country so that people can live our life happily.
on Dec 27, 2012i want to be the world\'s richest person but with happiness...
on Nov 19, 2012firstly I would like to congrates the top ten billionaires,beside this i like to say that India has 69 billionaires and many millionaires,if they contribute few in the development of country from their whole worth, there will be a big change in country.....
on Nov 18, 2012they are very big achivers in the world
on Nov 17, 2012i will become 1day
on Nov 9, 2012What is not to like about a few Indians amassing a few billions in a nation with millions in poverty. http://explainingindia.blogspot.in/
on Nov 1, 2012Respected Dr. Manmohan Singh ji, We Indians, (sic Common Man) have one doubt haunting since my knowledge in Economics. How these Billionaires are growing faster than the Indian Economic Growth, while common man sliding faster down, and at the same time our government has no trees to reap currency for maximum social benefit. From which trees these people reaping Billions in the same field called Indian Economy. Sir I was told by my teachers and so I'm to my students that 'supply creates its demand', as well said by J. B. Say. There is small story named circular flow of income. Income flow from business firms to households in the form of wages, and the same wages flow back to business firms in the form of money expenditure in purchasing goods and services, creating demand for the goods and services which they supplied. If it was quite true why we have income inequalities? It was quite evident from this simple story that these billionaires are paying less wages or under wages. This may not sweetest story to read, but if we allow (sorry you policy makers) the pretty game there may be economic crises due shortfall aggregate demand. These billionaires will lose their markets to sell. At this outset I could conclude this story saying these billionaires has to preserve the aggregate demand by paying well to the society.
on Oct 26, 2012