Who is going to Stay as the World's Richest Person ???
Who is going to Stay as the World's Richest Person ???
This is a discussion on Who is going to Stay as the World's Richest Person ??? within the HOT Debates - The Big Fight forums, part of the Management Students Voices ( MBA,BMS,MMS,BMM,BBA) category; Who is going to Stay as the World's Richest Person ???
Hey there Friends,
As we all knw that all ...
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Who is going to Stay as the World's Richest Person ??? -
October 30th, 2007
Who is going to Stay as the World's Richest Person ???
Hey there Friends,
As we all knw that all these years Bill Gates was the World's Richest Man who was been overtaken by Carlos Slim Helu and now again because of the Stock Market Boom in India Mukesh Ambani has become the World's Richest person...
Whom do u feel is going to stay as the World's Richest Person in the coming times...
I personally feel Bill Gates is going to retain his position of the World's Richest Person in the coming days...
do share in your thoughts...
Take Care...
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Re: Who is going to Stay as the World's Richest Person ??? -
October 30th, 2007
I feel the Bill gates era is over. Microsoft does not have as big a product line as mukesh or carlos.
I feel it will be Laxmi Mittal charging for the number one position soon .
Yet again, if the stock markets are fundamentally strong, then I see no chance of Mukesh walking down the ladder anytime soon.
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Re: Who is going to Stay as the World's Richest Person ??? -
October 31st, 2007
I think that the way stock market is moving..soon we would have some more Indians in the World's Richie Rich list headed by one the Ambani Brothers....but the question that arises is that will it be of any help to a common man in India??...Leave the fact that Foreign investors are putting money in India.. In what way is it going to help a man who is below poverty line??...so all this hype that India is having the richest man of the world or the news that stock has crossed 20000 is just befuddling us.... India still has a long way to go and few TATA Birlas Ambanis Mittals can't make much difference....government should start thinking about the main problems right from the root level....Sorry for giving a new dimension to this discussion but The topic mentioned above is of no significance...atleast I feel that way
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Re: Who is going to Stay as the World's Richest Person ??? -
October 31st, 2007
It all gets down to the basics. "To make money, you need money". The government does a lot for keeping the common man happy. In the real sense, the core focus of the govt is the common man, because thats their vote bank. Thats the reason you see restrictions in cement rates in this yrs budget. The inflation is restricted to below 4 % let alone the fact that the economy is booming at 9 % growth rate.
It does matter if the indians make it to the top in forbes. The list that was once dominated by bn dollars is now conquered by the indian ruppees. This means attracting more fdi and a global recognition not just as a country which emerged as an economy because of the BPO boom, but because of stellar companies like reliance, birlas, tatas and ambanis.
And if India is shining even after all the loopholes, political instability and corruption, then the news of an indian reaching the heights is of absolute significance
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Re: Who is going to Stay as the World's Richest Person ??? -
October 31st, 2007
Hey Kartik, I agree wid u that to make money you need money but the point I would like to raise is that the money coming in from various sources is not being used for the apt purpose. I mean there are a lot of delays in project implementations from various state governments, resulting into escallation of costs tremendously & if the projects have been accomplished as per the decided deadline than the extra money used for the delay can be used for the benefits of the poor people.
And thus I would say that even though we are growing at a fast pace but the life of the poorer section of the society is still the same and moreover it seems to me that only one leg of ours is moving (rich getting more richer) whereas the other leg is far lagging behind (the poorer sections of the society) and it would not be possible for us in the long run to move with a leg unless other leg develops at a brisk pace.
So I think it doesnt really matter much for the common people that who is the world's richest person untill and unless the common masses and the poor are also benefitted.
Regards,
Rohan Kachalia
MBA (Finance & Marketing), Inter CA
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Re: Who is going to Stay as the World's Richest Person ??? -
November 2nd, 2007
If everyone was rich, the need for money wouldn't exist.
There will always be some cry baby sitting there on his uneducated behind, polishing shoes and crying he is poor and thats a global issue.
Whether the govt has done something for the poor is a different discussion altogether.
Right now its rejoicing for the common man or the person who has invested in the stock markets. For the unemployed because an image correction like this for India means more employment opportunities, cheaper services and better standard of living.
May India create more such billionaires.
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The Indian markets are booming up currently but thn i don't think they are going to stay at the top for long there is going to be a recession period int the market and when then times come the markets are going to crash for good...
Life is a JourneY You have to LivE,
But a DestinY You Can't AchievE.
LovE is a DestinY You want to AchievE,
But You Can't Bear The JourneY.
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Who is going to Stay as the World's Richest Person ??? -
October 30th, 2007
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Re: Who is going to Stay as the World's Richest Person ??? -
November 8th, 2007
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