The difference between the poor and rich nations is not the age of the Nation.
1. Ethics, as basic principles.
2. Integrity.
3. Responsibility.
4. The respect for Laws and Regulations.
5. The respect from majority of citizens by right.
6. The love for work.
7. The effort to save and invest.
8. The will to be productive.
9. Punctuality.
A wonderful presentation about India and its future by Dr Gurcharan Das, in which lot of useful statistics about our country is given. 'Must see' kind of presentation on India !
The Incredible India Growth Story. Some facts have changed as of today, but rests are pretty accurate.
I am not the author of the Presentation, and It was posted in a public forum. www.tongbram.com
The difference between the poor and rich nations is not the age of the Nation.
1. Ethics, as basic principles.
2. Integrity.
3. Responsibility.
4. The respect for Laws and Regulations.
5. The respect from majority of citizens by right.
6. The love for work.
7. The effort to save and invest.
8. The will to be productive.
9. Punctuality.
A wonderful presentation about India and its future by Dr Gurcharan Das, in which lot of useful statistics about our country is given. 'Must see' kind of presentation on India !
The Incredible India Growth Story. Some facts have changed as of today, but rests are pretty accurate.
I am not the author of the Presentation, and It was posted in a public forum. www.tongbram.com
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
5. 28 years of high growth
1.0
3.5
6.0
8.9
Average annual GDP growth
0
2
4
6
8
10
1900-1950 1950-1980 1980-2002 2002-2007
(%)
6. Population growth is slowing
Sources: 1900-1990: Angus Maddison (1995), Monitoring the World Economy, 1990-2000:Census of India (2001)
1.0
2.2
2.1
1.8
1.5
0
0.5
1.0
1.5
2.0
2.5
1901-1950 1951-1980 1981-1990 1991-2000 2001-2010
(%)
7. Literacy is rising
Source: Census of India (2001)
17
52
65
80
0
20
40
60
80
100
1950 1990 2000 2010 (proj)
(%)
8. When middle class is 50% then the politics will also change
Source: The Consuming Class, National Council of Applied Economic Research, 2002
65
220
368
8%
22% 32%
0
100
200
300
400
1980 2000 2010
(m)
9. Poverty is declining
46
26
16
1% of the people have
been crossing poverty
line each year for 25
years
Equals ~ 200m
0
10
20
30
40
50
1980 2000 2010
(%)
10. Per capita income gains
Source: World Bank
US$ ppp
20053,051
1980
1,178
11. India is now the 4th largest economy
It will overtake Japan
between 2012 and 2014
to become the 3rd largest
15. Drivers of growth
India
■ Domestic
■ Services
■ Consumption
East and S.E. Asia
■ Exports
■ Manufacturing
■ Investment
16. Drivers of growth
India
■ Domestic
■ Services
■ Consumption
■ High tech, capital
intensive industry
East and S.E. Asia
■ Exports
■ Manufacturing
■ Investment
■ Low tech, labour
intensive industry
17. Implications of India model
„Domestically led‟ means:
■ Insulation from global downturns
■ Less volatility
■ We will come out of the global crisis
faster
18. Implication of India model
„Services led‟ raises
uncomfortable questions:
■ Have we skipped the industrial
revolution?
■ How do we take people from farms to
cities?
■ Will SEZ’s be our tipping point?
19. Implication of India model – Consumption led
41%
45%
59%
U.S.
China
Brazil
India
33%
People Friendly:
Consumption as % of GDP
People Friendly, Less inequality:
Gini Index
58%
42%
64%
Europe
China
India
Will India become the next big consuming economy after the U.S.?
20. Reasons for success
India‟s success is market-led
whereas China‟s is state induced
The entrepreneur is at the
centre of the Indian model
22. India has a vibrant private space
■ 100 Indian Companies have market cap of US$ 1bn
23. India has a vibrant private space
■ 100 Indian Companies have market cap of US$ 1bn
■ 1,000 Indian Companies have received foreign
institutional investment
24. India has a vibrant private space
■ 100 Indian Companies have market cap of US$ 1bn
■ 1,000 Indian Companies have received foreign
institutional investment
■ 125 Fortune 500 companies have R&D bases in India
25. India has a vibrant private space
■ 100 Indian Companies have market cap of US$ 1bn
■ 1,000 Indian Companies have received foreign
institutional investment
■ 125 Fortune 500 companies have R&D bases in India
■ 390 Fortune 500 companies have outsourced software
development to India
26. India has a vibrant private space
■ 100 Indian Companies have market cap of US$ 1bn
■ 1,000 Indian Companies have received foreign
institutional investment
■ 125 Fortune 500 companies have R&D bases in India
■ 390 Fortune 500 companies have outsourced software
development to India
■ 2% bad loans in Indian banks (v~20% in China)
27. India has a vibrant private space
■ 100 Indian Companies have market cap of US$ 1bn
■ 1,000 Indian Companies have received foreign
institutional investment
■ 125 Fortune 500 companies have R&D bases in India
■ 390 Fortune 500 companies have outsourced software
development to India
■ 2% bad loans in Indian banks (v~20% in China)
■ 80% credit goes to private sector (v~10% in China)
28. Public space is a problem
We have
■ Dynamic democracy with
honest elections
■ Free, lively media and press
But we also have
Poor governance!
29. Governance Failures
Corrupt system
1 out of 4 school teachers absent in
government schools
2 out of 5 doctors absent in primary health
centers
Delhi’s water
Land titles
Etc
30. Ironically, we used to have world class institutions from
1950-1980, but our problem was growth.
Now we have growth, but our institutions are failing
■ Bureaucracy
■ Judiciary
■ Police
33. Key reforms
■ Opened economy to trade and investment
■ Dismantled controls
■ Lowered tariffs
■ Dropped tax rates
■ Broke public sector monopolies
34. Understanding India‟s economic success
Remarkable --every government has reformed (slowly)
since 1991
Even slow reforms add up
65 countries have done the same reforms – why did India
become the second fastest in the world?
Unappreciated fact – rule of law
35. “By 2015 India will have world‟s largest
number of English speakers”
“When 300 million Indians speak a word in a
certain way, that will be the way to speak it.”
Professor David Crystal
Cambridge Encyclopedia of the English Language
36. Understanding India‟s economic success
■ Mental revolution among the young
■ ‘I want to be Bilgay’
■ Raju’s secret of success
■ Banianisation of society
■ 180 TV channels; 65 news channels
■ The rise of Hinglish
37. Where are we today?
Growth fell to 6.7% in 08-09; 7% in 09-10
Pain has been less than in China
Competitive companies have recovered faster.
Risk of protectionism has receded
Recovery has been ahead of the world
38. Where are we going?
■ Base case post recovery is 7.5 % – 8.5 % GDP growth
■ Democracy will not permit more than 8% unless you have a Thatcher
■ 1.5% population growth
■ Demographic dividend – growth will continue beyond China’s
40. Convergence in the 21st century
■ Why convergence is intuitive?
■ Convergence didn’t happen in the 20th century
because the world was closed
■ Returning to a world of equality prior to 1750
■ When China and India accounted for 45% of world GDP
41. 50% 50%
India will gradually turn middle-class
8%
22%
32%
1980 2000 2010 2020 2040
West of the
Kanpur-
Chennai line
East of the
Kanpur-
Chennai line
Chennai
Kanpur-
42. What could stop the show?
- Infrastructure
- Improving via public-private parterships
- Fiscal Deficit
- Governance
None of these stopped the show in the past 25 years
- Nuclear War?
43. Education System
Is reasonably good for the top 20%
But it is abysmal for the rest
■ 1 in 4 teachers is absent in government
primary schools
■ Hence, 54% of children in urban India are in
private schools
Solution: Education Vouchers
44. Caste system
■ Origin of India’s caste system
■ Classical four castes vs 3000 jatis
■ Hostage to competitive politics
■ Source of competitive advantage
■ Affirmative action
45. Role of Religion
India‟s pluralism, diversity
and tolerance
Hinduism
■ Spiritual entrepreneurialism: Gurus
■ No hierarchy:
Every Brahmin thinks he is the Pope
■ 300 million gods:
Lack of theological narcissism
■ Nasadiya Temper85%
Hindu
12%
Muslim
2%
Sikh
1%
Christian
46. Elephant and not Tiger
■ India got democracy before capitalism and this has made
all the difference
■ It is slower than China but its path is surer
■ However, an elephant at 8% growth is a formidable beast
■ We have waited 3000 years for this moment
■ India is more likely to preserve its way of life