Overpopulation, under-utilization of resources, lack of proper implementation of proposed economic development plans are some ground realities in India since long. India has a long history of prosperity as well as poverty at similar times. The story is being repeated again and again.

According to the latest list of billionaires compiled by Forbes magazine, Laxmi Mittal is the richest Indian anywhere with a list of other 36 Indian billionaires. Their total assets are worth of $191 billion.

According to the list, 14 Indians have joined the billionaires club this year. Mukesh and Anil Ambani are also there among top 20 richest people in the world. After US, India has more billionaires in the top 20 club.

With 36 billionaires, India has overtaken Japan’s 24 billionaires, after two decades of Japan topping the Asian billionaires club. Japan has economy more than five times of India’s with population of less than 1/8th.

Now, Japan has 24 billionaires with combined net wealth of $64 billion and India has 36 billionaires with combined net wealth of $191 billion.

Mittal is declared as the fifth richest person in the world with a total assets worth of $32 billion. The recent Mittal’s take over of Arcelor has put him at the fifth place from upward in list well ahead of Japan’s Nippon Steel.

At the same time, India has is its vast majority of undernourished, underfed, undereducated people, those can very well be forgotten in the enjoyment party for India’s success story published by Forbes.

I hope that India would not ban its poor people to live in that ‘hypothetical’ Superpower India. At the end, there should be someone to make fool continuously. The poor people would definitely vote, keep faith in democratic structure, and would help the rich grow even richer at the cost of the poverty of the vast majority in the country. Cheer up...

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