Figures Confirms India Shining Story

The number of domestic airtravellers will touch 24 million by March 2006, growing 30% and international air travelers will touch 20 million, growing at 18% annually, as per data from the ministry of civil aviation.

In the eight months between April and November 2005, an estimated 19 million mobile subscribers were added to the networks. For the last one year, the average run rate of new subscriber additions is at 2.5 million. With Motorola, Siemens, and Nokia promising to drive down costs to under Rs 1000, and reliance bringing down STD charges all over India at Re 1 per minute, the additions will be faster.

Thera are today 16 million credit cardholders and 30 million debit cardholders in India. In 2006, an estimated 450 malls are likely to be added in the top six cities, and the retail market has been valued at 4330 billion for 2005, growing at 10% for the last five years. And as per the estimate, the new malls to multiplexes ratio is about 2:1.

Office space demand in 2006 will be about 22 million square feet in India’s top nine cities as compared to 15 million sq. ft. in 2005. Over a million cars will be sold in 2004-05.

Total Internet connections stood at 38.5 millions as of November 2005 and is expected to reach 100 million in two years. Between 2000 and 2005, the number of Internet users has grown eight times from 5 millions to almost 40 millions, mobile phones by nineteen times from 2.3 millions to 45 millions, personal credit offtakes from$10 billions to over $ 30 billions, and cyber cafes grew six times from 18,000 in 2000 to 105,350 in 2005. Broadband connections took off in 2005 with a 7.5lakh score between April and November.

Investor wealth grew by nearly 50% from Rs 16.8 lakh crore to Rs 24.6 lakh crore during 2005. By the end of 2006, it is estimated that there will be one million dollar millionaires in India. Studies show it’s the lesser-known cities where the millionaires are now concentrated. According a National Council of Applied Economic Research study, millionaire households or households with an annual income of over Rs 10 lakh have been growing at a whopping 850% in Nagpur. Between 1996 and 2002, the citty saw their numbers rise from 1,199 to as many as 10,417. Ahmedabad is at number two position.

Are these figures not confirming the India shining? All of you can help me in making the list could much longer by adding some more data. But then are we happier too, as many ask me when I put forward these figures? I do’have any answer that satisfies me, before I put forward to my friends.

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