all and free, but its most distinctive feature that it is publicly owned and operated unlike in the west where digital platforms like google or facebook are private monopolies that can share your data to make a profit. entrepreneurs can even build businesses and when you use the platform you don t pay those persistent fees that are ubiquitous in the west. the second is the georevolution. location banning, india s most ambitious business leader made a staggering $46 billion bet that by offering very cheap phones and data packages he can get most indians on the internet. it worked with most using smartphones as their computers over 700 million indians now use the internet. india s usage of data is larger than the next two countries, china and the united states combined.
23%. of the g-20 countries not only saudi arabia s is lower. bloomberg economics estimates that closing the gap between women s and men s participation would increase india s gdp more than 30% over the next three decades. a focus on inclusivity would also transform india s religious tensions, bridging into the fold india s muslims and roughly 200 million people and a seventh of the country who face persistent persecution. it would also be in character for a country that is open, pluralistic and a democracy where the majority of the population are hindus, a religion almost defined by its pluralism and tolerance. india has the potential to be admired not just because of the quantity of its growth, but also the quality of its values and that would truly be an incredible india.
president? also washington has declared that america s covid national emergency will end in a matter of days. so what lessons have we learned from a pandemic that took more than a million lives in the united states alone? i ll talk to philip zelico whose covid crisis just released its report. but first, here s my take, visiting india this week i was struck by how different the mood was there compared to much of the world. while people in the united states and europe are worried about inflation and a possible recession, indians are excited about the future. india is now the most populist country on the planet and is projected to be its fastest growing large economy, as well at 5.9% this year. prime minister narendra modi said recently, india s time has arrived. my worry is that i ve seen this
movie before. i remember going to the world economic forum in davos in 2006 and being bombarded with billboards plastered all over the small swiss town saying incredible india proclaiming it to be the fastest-growing free market democracy. in fact, those years india was growing even faster than now at more than 9%. the indian trade minister confidently predicted to me that the indian economy would soon overtake china s. it didn t quite work out that way. after a few years, growth petered out, economic reforms stalled and many foreign businesses that had entered the country with great enthusiasm were disappointed. some left altogether. as for beating china, despite its slowdown, the chinese economy today is about five times the size of the indian economy. and yet i came away from the trip bullish about india. while the enthusiasm in the
Stock Market | FinancialContent Business Page financialcontent.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialcontent.com Daily Mail and Mail on Sunday newspapers.